Assessment 1 - MCQ (28 March 2025): Attempt review https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=2549
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42 11 2 21 00
42 11 2 21 00
42 11 2 21 00
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Dashboard Calendar
Dashboard / My courses / FAC2601-25-S1 / Welcome Message / Assessment 1 - MCQ (28 March 2025)
Started on Friday, 28 March 2025, 1:01 PM
State Finished
Completed on Friday, 28 March 2025, 2:03 PM
Time taken 1 hour 1 min
Question 1
Complete
Marked out of 2.00
Capital contributed by the shareholders of a company is known as share capital. When companies require additional funds from the
public, the company would normally use the services of a financial institution to handle the additional share issue on their behalf.
Raft Ltd underwrites an issue of 300 000 ordinary shares at R7 each in Beer Ltd. Raft Ltd charges commission of 5% for their services .
The public took up 135 000 of the shares that were on offer.
Required:
What will the commission payable be to Raft Ltd?
1. R60 550
2. R105 000
3. R110 000
4. R57 750
1 of 14 2025/03/28, 14
,Assessment 1 - MCQ (28 March 2025): Attempt review https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=2549
Question 2
Complete
Marked out of 2.00
Dashboard Calendar
The issued share capital of CCM (Pty) Ltd on 1 March 2024, consist of:
Dashboard / My courses / FAC2601-25-S1 / Welcome Message / Assessment 1 - MCQ (28 March 2025)
R
Ordinary Share Capital 7 550 000
All the ordinary shares were originally issued at R10 each no additional shares were issued up to the beginning of the current financial
year.
During the current financial year ended on 28 February 2025, a further 155 000 ordinary shares were issued. At the end of the current
financial year the directors decided to make a capitalisation issue of one ordinary share for every five ordinary shares held at R8 per
share.
Required:
What is the number of capitalisation shares issued during the 2025 financial year?
1. R179 000
2. R185 000
3. R192 000
4. R182 000
2 of 14 2025/03/28, 14
,Assessment 1 - MCQ (28 March 2025): Attempt review https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=2549
Question 3
Complete
Marked out of 2.00
Dashboard Calendar
The following balances were taken from the books of BZN Ltd on 31 December 2024, the financial year end of the company:
Dashboard / My courses / FAC2601-25-S1 / Welcome Message / Assessment 1 - MCQ (28 March 2025)
R
Issued Ordinary share capital (R1 shares) 850 000
90 000 10% non-cumulative preference shares 250 000
60 000 12% cumulative preference shares 150 000
Retained earnings 650 000
Occasionally companies build up large reserves from their accumulated profits. To enable shareholders to derive some tangible benefits
from these reserves, the company may decide to capitalise these reserves and distribute them among the shareholders in the form of
capitalisation shares.
Included in the capital structure above are the following transaction that took place during the current financial year that ended on 31
December 2024:
· A Capitalisation issue that the directors made on 1 December 2024 of one ordinary share for every four shares held at R1,00 per share;
The directors of the company also approved the following transactions during the year:
· The issue of 5 000 12% cumulative preferences shares at R5 per share on 1 October 2024.
· Dividends on ordinary shares was declared at 10c per share on 31 December 2024. No dividends were declared or paid during the
previous financial year.
Required:
What will the rand value be of the capitalization share issue, issued to shareholders at 1 December 2024?
1. R250 000
2. R272 500
3. R212 500
4. R170 000
3 of 14 2025/03/28, 14
,Assessment 1 - MCQ (28 March 2025): Attempt review https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=2549
Question 4
Complete
Marked out of 2.00
Dashboard Calendar
Information that needs to be disclosed in the annual financial statements regarding the remuneration of directors and prescribed
Dashboard / My courses / FAC2601-25-S1 / Welcome Message / Assessment 1 - MCQ (28 March 2025)
officers is detailed in section 30(4) of the Companies Act, No 71 of 2008. A prescribed officer is any person that exercise general
executive control over, and management of, the whole or a significant portion of the business and activities of the company or regularly
participate to a material degree therein.
Required:
Which is not an example of a prescribed officer?
1. Chief executive officer
2. Regional manager
3. Non-executive director
4. Chief financial officer
Question 5
Complete
Marked out of 2.00
The issued share capital of TLM (Pty) Ltd on 1 March 2024, consist of:
R
Ordinary Share Capital 2 250 000
All the ordinary shares were originally issued at R5 each no additional shares were issued up to the beginning of the current financial
year.
During the current financial year ended on 28 February 2025, a further 35 000 ordinary shares were issued. At the end of the current
financial year the directors decided to make a capitalisation issue of one ordinary share for every three ordinary shares held at R3 per
share.
Required:
What is the number of capitalisation shares issued during the 2025 financial year?
1. R161 667
2. R162 250
3. R168 667
4. R165 350
4 of 14 2025/03/28, 14
42 11 2 21 00
42 11 2 21 00
42 11 2 21 00
42 11 2 21 00
42 11 2 21 00
Dashboard Calendar
Dashboard / My courses / FAC2601-25-S1 / Welcome Message / Assessment 1 - MCQ (28 March 2025)
Started on Friday, 28 March 2025, 1:01 PM
State Finished
Completed on Friday, 28 March 2025, 2:03 PM
Time taken 1 hour 1 min
Question 1
Complete
Marked out of 2.00
Capital contributed by the shareholders of a company is known as share capital. When companies require additional funds from the
public, the company would normally use the services of a financial institution to handle the additional share issue on their behalf.
Raft Ltd underwrites an issue of 300 000 ordinary shares at R7 each in Beer Ltd. Raft Ltd charges commission of 5% for their services .
The public took up 135 000 of the shares that were on offer.
Required:
What will the commission payable be to Raft Ltd?
1. R60 550
2. R105 000
3. R110 000
4. R57 750
1 of 14 2025/03/28, 14
,Assessment 1 - MCQ (28 March 2025): Attempt review https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=2549
Question 2
Complete
Marked out of 2.00
Dashboard Calendar
The issued share capital of CCM (Pty) Ltd on 1 March 2024, consist of:
Dashboard / My courses / FAC2601-25-S1 / Welcome Message / Assessment 1 - MCQ (28 March 2025)
R
Ordinary Share Capital 7 550 000
All the ordinary shares were originally issued at R10 each no additional shares were issued up to the beginning of the current financial
year.
During the current financial year ended on 28 February 2025, a further 155 000 ordinary shares were issued. At the end of the current
financial year the directors decided to make a capitalisation issue of one ordinary share for every five ordinary shares held at R8 per
share.
Required:
What is the number of capitalisation shares issued during the 2025 financial year?
1. R179 000
2. R185 000
3. R192 000
4. R182 000
2 of 14 2025/03/28, 14
,Assessment 1 - MCQ (28 March 2025): Attempt review https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=2549
Question 3
Complete
Marked out of 2.00
Dashboard Calendar
The following balances were taken from the books of BZN Ltd on 31 December 2024, the financial year end of the company:
Dashboard / My courses / FAC2601-25-S1 / Welcome Message / Assessment 1 - MCQ (28 March 2025)
R
Issued Ordinary share capital (R1 shares) 850 000
90 000 10% non-cumulative preference shares 250 000
60 000 12% cumulative preference shares 150 000
Retained earnings 650 000
Occasionally companies build up large reserves from their accumulated profits. To enable shareholders to derive some tangible benefits
from these reserves, the company may decide to capitalise these reserves and distribute them among the shareholders in the form of
capitalisation shares.
Included in the capital structure above are the following transaction that took place during the current financial year that ended on 31
December 2024:
· A Capitalisation issue that the directors made on 1 December 2024 of one ordinary share for every four shares held at R1,00 per share;
The directors of the company also approved the following transactions during the year:
· The issue of 5 000 12% cumulative preferences shares at R5 per share on 1 October 2024.
· Dividends on ordinary shares was declared at 10c per share on 31 December 2024. No dividends were declared or paid during the
previous financial year.
Required:
What will the rand value be of the capitalization share issue, issued to shareholders at 1 December 2024?
1. R250 000
2. R272 500
3. R212 500
4. R170 000
3 of 14 2025/03/28, 14
,Assessment 1 - MCQ (28 March 2025): Attempt review https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=2549
Question 4
Complete
Marked out of 2.00
Dashboard Calendar
Information that needs to be disclosed in the annual financial statements regarding the remuneration of directors and prescribed
Dashboard / My courses / FAC2601-25-S1 / Welcome Message / Assessment 1 - MCQ (28 March 2025)
officers is detailed in section 30(4) of the Companies Act, No 71 of 2008. A prescribed officer is any person that exercise general
executive control over, and management of, the whole or a significant portion of the business and activities of the company or regularly
participate to a material degree therein.
Required:
Which is not an example of a prescribed officer?
1. Chief executive officer
2. Regional manager
3. Non-executive director
4. Chief financial officer
Question 5
Complete
Marked out of 2.00
The issued share capital of TLM (Pty) Ltd on 1 March 2024, consist of:
R
Ordinary Share Capital 2 250 000
All the ordinary shares were originally issued at R5 each no additional shares were issued up to the beginning of the current financial
year.
During the current financial year ended on 28 February 2025, a further 35 000 ordinary shares were issued. At the end of the current
financial year the directors decided to make a capitalisation issue of one ordinary share for every three ordinary shares held at R3 per
share.
Required:
What is the number of capitalisation shares issued during the 2025 financial year?
1. R161 667
2. R162 250
3. R168 667
4. R165 350
4 of 14 2025/03/28, 14
