Mohlaletse Ltd was incorporated with an authorised share capital of 1 000 000 NPV ordinary shares and 700 000 12% preference shares of R4.5 each. The company's financial year end is 30 June. Below is the share transactions recorded for Mohlaletse Ltd since incorporation: On 3 April 2020, 55 000 ordinary shares were issued to subscribers at R5 per share On 3 May 2020, 160 000 ordinary shares and 177 000 12% preference shares were issued to the public at R6.5 each and R4.9 each respectively. On 31 July 2022, 82 000 12% preference shares were issued at R10.50 each On 12 February 2022, the share capital: ordinary shares increased by R319 800. These shares were issued at R8.20 each. On 31 July 2022, the directors approved a capitalisation issue of 3 shares for every 8 ordinary shares held at R3.50 per share. On 31 August 2022, the board of Mohlaletse Ltd declared an interim ordinary dividend of R2.1 per share payable during December 2022. The company met the liquidity and solvency requirements and on 08 December 2020 payment was made to the shareholders in respect of the dividends.

Mohlaletse Ltd was incorporated with an authorised share capital of 1 000 000 NPV ordinary shares and 700 000 12% preference shares of R4.5 each. The company's financial year end is 30 June. Below is the share transactions recorded for Mohlaletse Ltd since incorporation: On 3 April 2020, 55 000 ordinary shares were issued to subscribers at R5 per share On 3 May 2020, 160 000 ordinary shares and 177 000 12% preference shares were issued to the public at R6.5 each and R4.9 each respectively. On 31 July 2022, 82 000 12% preference shares were issued at R10.50 each On 12 February 2022, the share capital: ordinary shares increased by R319 800. These shares were issued at R8.20 each. On 31 July 2022, the directors approved a capitalisation issue of 3 shares for every 8 ordinary shares held at R3.50 per share. On 31 August 2022, the board of Mohlaletse Ltd declared an interim ordinary dividend of R2.1 per share payable during December 2022. The company met the liquidity and solvency requirements and on 08 December 2020 payment was made to the shareholders in respect of the dividends.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

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