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  • University Of South Africa (Unisa)
  • FAC2601 - Financial Accounting And Reporting (FAC2601FINANCIALACCOUNTINGANDREPORTING)
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Fac2601 Assignment 1 Semester 1 Of 2021

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2020/2021 Written for academic year
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University Of South Africa (Unisa)
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FAC2601 - Financial Accounting And Reporting (FAC2601FINANCIALACCOUNTINGANDREPORTING)
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FAC2601 ASSIGNMENT 1 – SEMESTER 1 OF
2021
1. 3

Shares
5 000 000 10 000 000
Issued at R0.50 each ( 0.5 )
1 500 000
Issued 31 October 2020
Total shares before capitalisation 11 500 000

𝟏 2 300 000
Capitalisation shares (𝟏𝟏 𝟓𝟎𝟎 𝟎𝟎𝟎 ∗ 𝟓)

R – value of the shares (𝟐 𝟑𝟎𝟎 𝟎𝟎𝟎 ∗ 𝟎. 𝟔𝟓) R1 495 000


2. 1 [(750 000 − 680 000) ∗ 15 ∗ 65%] = 𝑹𝟔𝟖𝟐 𝟓𝟎𝟎

3. 1

4. 1

5. 4

6. 4

R
Ordinary dividend (450 000 ∗ 0.15) 67 500
Preference dividend (75 000 ∗ 2 ∗ 0.12) 18 000
Cumulative preference dividend (35 000 ∗ 3 ∗ 10% ∗ 3) 31 500
117 000


7. 3 (350 000 ∗ 2 ∗ 35%) = 𝑹𝟐𝟒𝟓 𝟎𝟎𝟎

8. 2
Connected book
image
Hennie van Greuning International Financial Reporting Standards
Publisher: 2006 ISBN: 9780821367698 Edition: Unknown

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