Exam study book Financial Accounting and Reporting of Anne Marie Ward, Craig Deegan - ISBN: 9780077121716, Edition: 1, Year of publication: - (ALL YOU NEED)
FAC1601 ASSIGNMENT 1 SEMESTER 2 2024 - all answered 100% questions and answers
FAC1601 Assignment 4 (COMPLETE ANSWERS) Semester 1 2024 (215199)- DUE 20 May 2024
FAC1601 Assignment 3 DUE 30 April 2024
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Financial Accounting (FAC1601)
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FAC1601
ASSIGNMENT- 3
SEMESTER 1 -2024
2024
FAC1601
ASSIGNMENT - 1
SEMESTER 1 - 2024
,4/29/24, 1:50 AM Assessment 3 (page 1 of 9)
Question 1
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Marked out of 3.00
This information relates to questions 1 -
5 below:
A profitable 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 financial 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 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 Total Ordinary Shares Issued by March 31, 2024:
during May 2024. The company met the
liquidity and solvency requirements. Total shares
= 105 , 000 ( May 2022 ) + 225 , 000 ( June 2022 ) + 145 , 640
Which one of the following alternatives ( March 2024 )
represents the correct total number of
ordinary shares issued by Tswelelopele Total shares = 105,000(May 2022)+225,000(June 2022)+145,
Ltd as at 31 March 2024?
640 (March 2024)
Total shares = 475 ,640
a. 245,000
Total shares = 475,640
b. 300,000
c. 2,150,500
d. 475,640
e. 330,000
Assume that the total number of
ordinary shares issued before the
capitalisation is 540 000. Which one of
the following alternatives represents the
Total Ordinary Shares Issued by March 31, 2024: We
correct number of capitalisation shares previously calculated that Tswelelopele Ltd had issued a total of
to be issued by Tswelelopele Ltd on 475,640 ordinary shares.
15 April 2024? Capitalisation Issue Approved: On April 15, 2024, the company
approved a capitalisation issue of 1 share for every 4 ordinary
a. 2,000,000 shares held.
To find the number of capitalisation shares, we use the formula:
b. 82,500
Capitalisation shares = Total ordinary shares/4
c. 2,160,000 Calculation:
d. 135,000 Capitalisation shares
e. 118,910
= 475,640/4
= 118,910
Clear my choice
Question 3
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Assume that the total number of
capitalisation shares issued is 110 000.
Which one of the following alternatives
represents the correct value of the Valueofcapitalisationshares=Numberofshares×Pricepershare
capitalisation shares to be issued by Total number of capitalisation shares issued = 110,000
Tswelelopele Ltd on 15 April 2024?
Price per share= R15.9.
The correct value of the capitalisation shares to be issued by
a. R 242,000 Tswelelopele Ltd on April 15, 2024, = R1,749,000.
b. R 1,890,669
c. R 1,749,000 Option c. R 1,749,000.
d. R 2,000,000
e. R 2,146,500
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