FAC1602 Assignment 3 (DETAILED
ANSWERS) Semester 1 2024
DISTINCTION GUARANTEED
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UNISA 2024 FAC1601-24-S1 Welcome Message Assessment 3
QUIZ
This information relates to questions 1 - 5 below:
A protable cattle feed production company, Tswelelopele Ltd, was incorporated with an authorised share capital of 900,000 NPV ordinary
shares and 600,000 6.5% preference shares.
The company's nancial year-end is April 30.
Below are the share transactions recorded for Tswelelopele Ltd since incorporation:
On May 1, 2022, 105,000 ordinary shares were issued to subscribers at R8.5 per share.
On June 18, 2022, 225,000 ordinary shares and 260,000 6.5% preference shares were issued to the public at R10.50 each and
R11.20 each, respectively.
On July 31, 2023, 102,000 6.5% preference shares were issued at R20.20 each.
On March 25, 2024, the share capital for ordinary shares increased by R1,820,500. These shares were issued at R12.50 each.
On April 15, 2024, the directors of Tswelelopele Ltd approved a capitalisation issue of 1 share for every 4 ordinary shares held at
R15.9 per share.
On April 30, 2024, the board of Tswelelopele Ltd declared an ordinary dividend of R0.45 per share, payable during May 2024.
The company met the liquidity and solvency requirements.
Which one of the following alternatives represents the correct total number of ordinary shares issued by Tswelelopele Ltd as at 31
March 2024?
a. 300,000
b. 475,640
c. 245,000
d. 330,000
e. 2,150,500
Clear my choice
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Assume that the total number of ordinary shares issued before the capitalisation is 540 000. Which one of the following
alternatives represents the correct number of capitalisation shares to be issued by Tswelelopele Ltd on 15 April 2024? a.
82,500
b. 2,160,000
c. 118,910
d. 135,000
e. 2,000,000
Clear my choice
Assume that the total number of capitalisation shares issued is 110 000. Which one of the following alternatives represents the
correct value of the capitalisation shares to be issued by Tswelelopele Ltd on 15 April 2024? a. R 242,000
b. R 1,890,669
c. R 2,000,000
d. R 1,749,000
e. R 2,146,500
Clear my choice
Assume that the total number of shares issued before the capitalisation and the capitalisation shares issued is 540 000 and 110 000
respectively. Which one of the following alternatives represents the correct amount of ordinary share dividend by Tswelelopele
Ltd on 30 April 2024?
a. R 90,000
b. R 292,500
c. R 148,500
d. R 135,000
e. R 225,000
Clear my choice
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ANSWERS) Semester 1 2024
DISTINCTION GUARANTEED
written by
VarsityC
www.stuvia.com
Downloaded by: nhlanhhlamotloung | Want to earn $1.236 Distribution of this
document is illegal extra per year?
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UNISA 2024 FAC1601-24-S1 Welcome Message Assessment 3
QUIZ
This information relates to questions 1 - 5 below:
A protable cattle feed production company, Tswelelopele Ltd, was incorporated with an authorised share capital of 900,000 NPV ordinary
shares and 600,000 6.5% preference shares.
The company's nancial year-end is April 30.
Below are the share transactions recorded for Tswelelopele Ltd since incorporation:
On May 1, 2022, 105,000 ordinary shares were issued to subscribers at R8.5 per share.
On June 18, 2022, 225,000 ordinary shares and 260,000 6.5% preference shares were issued to the public at R10.50 each and
R11.20 each, respectively.
On July 31, 2023, 102,000 6.5% preference shares were issued at R20.20 each.
On March 25, 2024, the share capital for ordinary shares increased by R1,820,500. These shares were issued at R12.50 each.
On April 15, 2024, the directors of Tswelelopele Ltd approved a capitalisation issue of 1 share for every 4 ordinary shares held at
R15.9 per share.
On April 30, 2024, the board of Tswelelopele Ltd declared an ordinary dividend of R0.45 per share, payable during May 2024.
The company met the liquidity and solvency requirements.
Which one of the following alternatives represents the correct total number of ordinary shares issued by Tswelelopele Ltd as at 31
March 2024?
a. 300,000
b. 475,640
c. 245,000
d. 330,000
e. 2,150,500
Clear my choice
Downloaded by: nhlanhhlamotloung | Want to earn $1.236 Distribution of this
document is illegal extra per year?
, Downloa ed by: j messandr 2 | Ja
Downloaded by: nhlanhhlamotloung | Want to earn $1.236 Distribution of this
document is illegal extra per year?
, Question
Not yet answered
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2
Marked out of 2.00
Assume that the total number of ordinary shares issued before the capitalisation is 540 000. Which one of the following
alternatives represents the correct number of capitalisation shares to be issued by Tswelelopele Ltd on 15 April 2024? a.
82,500
b. 2,160,000
c. 118,910
d. 135,000
e. 2,000,000
Clear my choice
Assume that the total number of capitalisation shares issued is 110 000. Which one of the following alternatives represents the
correct value of the capitalisation shares to be issued by Tswelelopele Ltd on 15 April 2024? a. R 242,000
b. R 1,890,669
c. R 2,000,000
d. R 1,749,000
e. R 2,146,500
Clear my choice
Assume that the total number of shares issued before the capitalisation and the capitalisation shares issued is 540 000 and 110 000
respectively. Which one of the following alternatives represents the correct amount of ordinary share dividend by Tswelelopele
Ltd on 30 April 2024?
a. R 90,000
b. R 292,500
c. R 148,500
d. R 135,000
e. R 225,000
Clear my choice
Downloaded by: nhlanhhlamotloung | ed by: j messandr 2 | Ja Want to
earn $1.236
Distribution of this document is illegal extra per year?
