1-tappy Co. Ltd was registered on 1st January 2011 with a nominal capital of 80,000 ordin at $2 and 100,000 preference shares at $1. Calculate their authorized capital.
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1-tappy Co. Ltd was registered on 1st January 2011 with a nominal capital of 80,000 ordinary
shares at $2 and 100,000 preference shares at $1. Calculate their authorized capital.
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D.
180,000
260,000
100,000
16,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F07ebea28-b8c3-4385-bbdf-77aac06f40c3%2F66bf6c37-f793-47f9-8721-5de3d2e9ee81%2F9ajw1e0l_processed.jpeg&w=3840&q=75)
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- 7) A ltd was registered with an authorized capital of Rs.6,00,000 in equity shares of Rs.10 each. The following is its Trail Balance on 31 March 2008. Particulars Debit Balance Rs. Credit Balance Rs.Goowill 25000 Cash 750 Bank 39900 Purchases 185000 Prelimiary Expenses 5000 Share capital 40000012% Debentures 300000P&L A/C (Cr.) 26250Calls-in-arrears 7500 Premises 300000 Plant & Machinery 330000 Interim Dividend 39250 Sales 415000Stock (1-4-2007) 75000 Furniture & Fixtures 7200 Sundry Debtors 87000 Wages 84865 General Expenses 6835 Freight and Carriage 13115 Salaries 14500 Directors Fees 5725 Bad debts 2110 Debenture Interest paid 18000 Bills Payable 37000Sundry Creditors 40000General Reserve 25000Provision for bad debts 3500Total 12,46,750 1246750 Prepare Profit & Loss Account, Profit…4B. The following is the Summarized Balance Sheet of A Ltd. as at 31st March 2012. Particulars (1) Note. No (2) A Ltd (3) I. EQUITY AND LIABILITIES 1. Share holder’s Funds: a. Share Capital – (i) 8,000 Equity shares of Rs. 100 each b. Reserves and Surplus : General Reserve 8,00,000 80,000 2. Share Application Money Pending Allotment: ----- 3. Non –Current Liabilities : (i) 10 % debentures (ii) Loan from A 4,00,000 1,60,000 4. Current Liabilities: (i)Trade Payables – Trade Creditors 3,20,000 Total 17,60,000 (ii)Assets (i) Non – Current Assets: (a) Fixed Assets (i) Tangible Assets: Land and Buildings Machinery (ii) Intangible Assets – Goodwill 3,40,000 6,40,000 1,30,000 2. Current Assets: (a) Inventories (b) Trade Receivables (c) Other Current assets – Cash at Bank (d) Share issue Expenses 2,20,000 2,60,000 1,36,000 34,000 Total 17,60,000…plz solve!!!
- The company issued 2,500, P125 par ordinary shares for an outstanding bank loan ofP350,000. On this date, shares are quoted at P150 per share. Compute for the increase in share premium* a. ₱0 b. ₱25,000 c. ₱37,500 d. ₱62,50024. Company has the following capital structure as on December 31,1995.11% Debentures 5,00,00010% Pfef.Shares 1,00,0004,000 equity shares of 4,00,000 Rs. 100 each Total 10,00,000Equity shares are quoted at Rs. 102 and is is expected that the company will declare a dividend of Rs. 10/- per share at the end of the current year. The dividend is expected to grow at 10 % for the next five years. The companies tax rate is 50 %. a. Calculate form the foregoing data the cost of equity capital and WACC.b. If company raises additional debentures for Rs. 3 lacs at 12 % calculate the revised WACC if change are:increase in dividend rate from 10 to 12 % Reduction in growth rate from 10 to 8 % and fall in market price of share from Rs. 102 to 98.The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005 Liabilities Rs. Rs. Assets Rs. Rs. Share capital Equity shares of Rs.10 14 % preference shares of Rs.100 General reserve Export profit Reserve (required under Income Tax Act) Investment Allowance Reserve (statutory) P & L A/c 13% debentures of Rs.100 Trade creditors Other current liabilities 50,00,000 22,00,000 5,00,000 3,00,000 -- 7,50,000 5,00,000 4,00,000 2,00,000 30,00,000 17,00,000 -- 2,50,000 2,00,000 1,00,000 5,00,000 3,50,000 1,50,000 Land & building Plant& machinery Furniture & fittings Investments Stock Sundry debtors Cash and Bank 25,00,000 32,50,000 5,75,000 7,00,000 12,50,000 9,00,000 7,25,000 15,50,000 17,00,000 3,50,000 5,00,000 9,50,000 10,30,000 5,20,000 99,00,000 66,00,000 99,00,000 66,00,000 XY Ltd., is formed to take over X Ltd. and Y Ltd., for the following consideration. X Ltd. Issue of 4,80,000…
- On January 20, HK Corporation was formed with the capital of 100.000 TL by issuing 100.000 shares of stock with " 1 par value. Stocks were sold for 1.21 TL each, 1.000 TL commission was charged for selling stocks and the remaining receipts were deposited to the bank account of the business. a. 120.000 TL debit to 102-Bank; 1.000 TL debit to 653-Com. Expense and 100.000 TL credit to 110-Stocks; 21.000 TL credit to 645-MS Capital Gain O b. 120.000 TL debit to 102-Bank; 1.000 TL debit to 653-Com. Expense and 100.000 TL credit to 501-Unpaid Capital; 21.000 TL credit to 520-A. Paid-in Capital O c. 121.000 TL debit to 102-Bank and 100.000 TL credit to 501-Unpaid Capital; 20.000 TL credit to 520-A. Paid-in Capital; 1.000 TL credit to 653-Com. Expense d. 120.000 TL debit to 102-Bank; 1.000 TL debit to 653-Com. Expense and 100.000 TL credit to 110-Stocks; 21.000 TL credit to 520-A. Paid-in Capital& NO.3 The following is the capital Strudhure of ABC Ltd. Snare Specific dc. 11%0 Amount 2quity share capital (2,00,000 shares of Rs- ID each). Preference share capital (So.00D shares of Rs.10 each) Retained Farnings 7.5% Debentures of Rs 1000 each. R$ 20,00,000 Bs S,D0,000 Rs 1D.00,000. 11% Bs IS,00,00. Presently the debentures are being traded at 94% , Preference dhares at par and the equithy shares at R6.13 þer share. Pind out the WACC based on the book value weights and market value loeights.A Company issued 20,000 shares of its ₱70 par value ordinary share capital and 8,000 of its ₱80 par value preference share capital for a total amount of ₱1,800,000. At this date, the company's ordinary shares are selling at ₱80 per share and the preference shares are at ₱100 per share. What amount of the proceeds should be allocated to the preference shares? a. ₱ 600,000 b. ₱ 800,000 c. ₱ 400,000 d. ₱ 640,000
- 1. What amount should be reported as basic earnings per share?a. 6.00b. 5.50c. 5.00 2. What amount should be reported as diluted earnings per share?a. 6.88b. 6.11c. 5.2412. Charice Company revealed the following shareholder's equity at year end: Preference share capital, P100 par 2,300,000 Share premium - PS 805,000 Ordinary share capital, P15 par 5,250,000 Share premium 2,750,000 Subscribed ordinary share capital 500,000 Retained earnings 1,900,000 Note payable 4,000,000 Subscription receivable - ordinary 400,000 How much is the legal capital? a. 8,050,000 b. 7,650,000 c. 9,950,000 d. 11,605,000PROVIDE COMPUTATION
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