FAC1602 Assignment 3 (COMPLETE
ANSWERS) Semester 2 2024 - DUE
30 September 2024
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assessment 3
QuiZ
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this information relates to
Questions 1 - 5 below:
a protable cattle feeD
proDuction company,
tswelelopele ltD, was
incorporateD with an authoriseD
share capital of 900,000 npv
orDinary shares anD 600,000 6.5%
preference shares.
the company's nancial year-enD is
april 30.
below are the share transactions
recorDeD for tswelelopele ltD since
incorporation:
on may 1, 2022, 105,000 orDinary
shares were issueD to subscribers
at r8.5 per share.
on June 18, 2022, 225,000
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orDinary shares anD 260,000
6.5% preference shares were
issueD to the public at r10.50
each anD r11.20 each,
respectively.
on July 31, 2023, 102,000 6.5%
preference shares were issueD at
r20.20 each.
on march 25, 2024, the share
capital for orDinary shares
increaseD by r1,820,500. these
shares were issueD at r12.50 each.
on april 15, 2024, the Directors
of tswelelopele ltD approveD a
capitalisation issue of 1 share
for every 4 orDinary shares
helD at r15.9 per share.
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