Answered: The shareholders equity section of N…

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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You have been provided with the following information for the year ended 30 June 2022 for ABCLtd:RNet profit for the year -R1 800 000Weighted average number of shares (WANOS) outstanding during the year-R 120 000Average fair value per share -R30.00Weighted average number of shares (WANOS) under option during the year -R25 000Exercise price for shares under option during the year -R28.00REQUIRED:Q.2.1 Explain the purpose and objective of disclosing diluted earnings per share.
Here is the trial balance of MAEMBE Ltd as at 30 April 2024 DR CR TZS TZS Share capital: authorised and issued 200,000.0 Stock as at 30 April 2023 102,994.0 Debtors 227,219.0 Creditors 54,818.0 8% debentures 40,000.0 Fixed assets replacement reserve 30,000.0 General reserve 15,000.0 Profit and loss account as at 30 April 2023 12,411.0 Debenture interest 1,600.0 Equipment at cost 225,000.0 Motor vehicles at cost 57,200.0 Bank 4,973.0 Cash 62.0 Sales 880,426.0 Purchases 419,211.0 Returns inwards 18,400.0 Carriage inwards 1,452.0 Wages and salaries 123,289.0 Rent, business rates and insurance 16,240.0 Discounts allowed 3,415.0 Directors’ remuneration 82,400.0 Provision for depreciation at 30 April 2023: Equipment 32,600.0 Motor vehicles 18,200.0 TOTAL 1,283,455.0 1,283,455.0 Given the following information as at 30 April 2024, draw up a profit and loss account and balance sheet for the year to that date: (i) Stock TZS 111,317. (ii) The share…
winter provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (noncumulative and nonparticipating) 1,000,000 Preference share capital, 8% P50 par (cumulative and nonparticipating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018. Book value per 8% preference share

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