The following list of balances appears, amongst others, in the accounting records of VanDerZon Ltd on 31 December 2020: R Ordinary share capital (shares issued at R0,50 each) 5 000 000 Proceeds of 1 500 000 ordinary shares issued on 31 October 2020 1 125 000 The following decision that must still be recorded was ratified by the directors, on 31 December 2020: Capitalisation shares must be issued to the ordinary shareholders that are registered in the share register on 31 December 2020, in the ratio of one ordinary share for every five ordinary shares held at R0,65 per share. Which one of the following options represents the Rand-v
1. The following list of balances appears, amongst others, in the accounting records of
VanDerZon Ltd on 31 December 2020:
R
Ordinary share capital (shares issued at R0,50 each) 5 000 000
Proceeds of 1 500 000 ordinary shares issued on 31 October 2020 1 125 000
The following decision that must still be recorded was ratified by the directors, on
31 December 2020:
Capitalisation shares must be issued to the ordinary shareholders that are registered in the
share register on 31 December 2020, in the ratio of one ordinary share for every five
ordinary shares held at R0,65 per share.
Which one of the following options represents the Rand-value of the shares that must be
capitalised?
1. R520 000
2. R1 150 000
3. R1 495 000
4. R2 550 000
2. Purco Ltd underwrites 65% of an issue of 750 000 ordinary shares at R15 each in
Karce Ltd. The underwriting commission is 7,5% and the public takes up 680 000 shares.
Which one of the following amounts will be the liability of the underwriter?
1. R682 500
2. R850 000
3. R1 050 000
4. R2 500 000
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