Use the following information to answer questions 26 to 30 Moira Rose Ltd a company within the entertainment industry was incorporated with an authorised share capital of 500 000 NPV ordinary shares and 300 000 15% preference shares of R7 each. The company’s financial year end is 31 December. The following share transactions were recorded in the books of Moira Rose Ltd since incorporation: • On 2 February 2021, 100 000 ordinary shares were issued to subscribers at R5 per share • On 1 August 2021, 135 000 ordinary shares and 190 000 15% preference shares were issued to the public at R8.50 each and R10 each respectively. • On 31 March 2022, 70 000 15% preference shares were issued at R12.50 each • On 18 April 2022, the share capital: ordinary shares increased by R391 500. These shares were issued at R8.70 each. On 30 June 2022, the directors approved a capitalisation issue of 2 shares for every 5 ordinary shares held at R5.00 per share. On 15 December 2022, the board of Moira Rose Ltd declared an ordinary dividend of R3.50 per share. The company met the liquidity and solvency requirements and on 30 December 2022 payment was made to the shareholders in respect of the dividends. Question 26 Which one of the following alternatives represents the correct total number of ordinary shares issued by Moira Rose Ltd on 30 May 2022? A. 235 000 B. 100 000 C. 319 500 D. 280 000 E. 244 000 Question 27 Assume that the total number of ordinary shares issued before the capitalisation is 250 000. Which one of the following alternatives represents the correct number of capitalisation shares to be issued by Moira Roise Ltd on 30 June 2022? A. 250 000 B. 112 000 C. 94 000 D. 100 000 E. 750 000 Clear my choice Question 28 Assume that the total number of capitalisation shares issued is 200 000. Which one of the following alternatives represents the correct value of the capitalisation shares to be issued by Moira Rose Ltd on 30 June 2022? A. R 1 250 000 B. R 1 000 000 C. R 440 000 D. R 500 000 E. R 560 000 Question 29 Assume that the total number of shares issued on the 15 December 2022 is 425 000. Which one of the following alternatives represents the correct amount of ordinary share dividend by Moira Rose Ltd on 30 December 2022? A. R 1 750 000 B. R 1 487 500 C. R 1 05 0 000 D. R 787 500 E. R 700 000 Question 30 Question text Which one of the following alternatives represents the correct amount of preference share dividend by Moira Ltd on 30 December 2022? A. R 383 438 B. R 416 250 C. R 104 000 D. R 845 000 E. R 98 438
Y8
Use the following information to answer questions 26 to 30
Moira Rose Ltd a company within the entertainment industry was incorporated with an authorised share capital of 500 000
The following share transactions were recorded in the books of Moira Rose Ltd since incorporation:
• On 2 February 2021, 100 000 ordinary shares were issued to subscribers at R5 per share
• On 1 August 2021, 135 000 ordinary shares and 190 000 15% preference shares were issued to the public at R8.50 each and R10 each respectively.
• On 31 March 2022, 70 000 15% preference shares were issued at R12.50 each
• On 18 April 2022, the share capital: ordinary shares increased by R391 500. These shares were issued at R8.70 each.
On 30 June 2022, the directors approved a capitalisation issue of 2 shares for every 5 ordinary shares held at R5.00 per share.
On 15 December 2022, the board of Moira Rose Ltd declared an ordinary dividend of R3.50 per share. The company met the liquidity and solvency requirements and on 30 December 2022 payment was made to the shareholders in respect of the dividends.
Question 26
Which one of the following alternatives represents the correct total number of ordinary shares issued by Moira Rose Ltd on 30 May 2022?
A.
235 000
B.
100 000
C.
319 500
D.
280 000
E.
244 000
Question 27
Assume that the total number of ordinary shares issued before the capitalisation is 250 000. Which one of the following alternatives represents the correct number of capitalisation shares to be issued by Moira Roise Ltd on 30 June 2022?
A.
250 000
B.
112 000
C.
94 000
D.
100 000
E.
750 000
Clear my choice
Question 28
Assume that the total number of capitalisation shares issued is 200 000. Which one of the following alternatives represents the correct value of the capitalisation shares to be issued by Moira Rose Ltd on 30 June 2022?
A.
R 1 250 000
B.
R 1 000 000
C.
R 440 000
D.
R 500 000
E.
R 560 000
Question 29
Assume that the total number of shares issued on the 15 December 2022 is 425 000. Which one of the following alternatives represents the correct amount of ordinary share dividend by Moira Rose Ltd on 30 December 2022?
A.
R 1 750 000
B.
R 1 487 500
C.
R 1 05 0 000
D.
R 787 500
E.
R 700 000
Question 30
Question text
Which one of the following alternatives represents the correct amount of
A.
R 383 438
B.
R 416 250
C.
R 104 000
D.
R 845 000
E.
R 98 438
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
