FAC1601 Assignment 4
(COMPLETE ANSWERS)
Semester 2 2024 (153371)-
DUE 22 October 2024
Contact:
@ TestbanksNotesAssignmentsAndExamspack
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+254742508812, +254727097655.
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Study Material
UNISA 2024 FAC1601-24-S1
Welcome Message
Assessment 3
QUIZ
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.
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On June 18, 2022, 225,000 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.
On April 30, 2024, the board of Tswelelopele Ltd
declared an ordinary dividend of R0.45 per share,
payable during May 2024. The company met the
liquidity and solvency requirements.
Which one of the following alternatives represents the
correct total number of ordinary shares issued by
Tswelelopele Ltd as at 31 March 2024?
a. 300,000
b. 475,640
c. 245,000
d. 330,000
e. 2,150,500
Clear my choice
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(COMPLETE ANSWERS)
Semester 2 2024 (153371)-
DUE 22 October 2024
Contact:
@ TestbanksNotesAssignmentsAndExamspack
sGuru
+254742508812, +254727097655.
, Stuvia.com - The study-notes
Stuvia.com - The Marketplace to Buy and Sell your
Study Material
UNISA 2024 FAC1601-24-S1
Welcome Message
Assessment 3
QUIZ
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.
Downloaded by: nhlanhhlamotloung | Want to earn Distribution of
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document is illegal e xt r a
R13 ,6 2 5
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On June 18, 2022, 225,000 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.
On April 30, 2024, the board of Tswelelopele Ltd
declared an ordinary dividend of R0.45 per share,
payable during May 2024. The company met the
liquidity and solvency requirements.
Which one of the following alternatives represents the
correct total number of ordinary shares issued by
Tswelelopele Ltd as at 31 March 2024?
a. 300,000
b. 475,640
c. 245,000
d. 330,000
e. 2,150,500
Clear my choice
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R13 ,6 2 5
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