Started on Friday, 28 March 2025, 2;01 PM
State Finished
Completed on Friday, 28 March 2025, 3;01 PM
Time taken 1 hour
Question 1
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The issued share capital of CCM (Pty) Ltd on 1 March 2024, consist of:
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.
R182 000
2.
R179 000
3.
R185 000
4.
R192 000
Question 2
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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.
R162 250
2.
R161 667
3.
R165 350
4.
R168 667
Question 3
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The following balances were taken from the books of KZN Ltd on 31 December
2024, the financial year end of the company:
R
Issued Ordinary share capital (R1 shares) 1 250 000
135 000 12% non-cumulative preference shares 420 000
80 000 8% cumulative preference shares 250 000
Retained earnings 950 000
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 three shares held at R1,00 per share;
The directors of the company also approved the following transactions
during the year:
State Finished
Completed on Friday, 28 March 2025, 3;01 PM
Time taken 1 hour
Question 1
Complete
Marked out of 2.00
Flag question
Question text
The issued share capital of CCM (Pty) Ltd on 1 March 2024, consist of:
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.
R182 000
2.
R179 000
3.
R185 000
4.
R192 000
Question 2
Complete
Marked out of 2.00
Flag question
Question text
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.
R162 250
2.
R161 667
3.
R165 350
4.
R168 667
Question 3
Complete
Marked out of 2.00
Flag question
Question text
The following balances were taken from the books of KZN Ltd on 31 December
2024, the financial year end of the company:
R
Issued Ordinary share capital (R1 shares) 1 250 000
135 000 12% non-cumulative preference shares 420 000
80 000 8% cumulative preference shares 250 000
Retained earnings 950 000
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 three shares held at R1,00 per share;
The directors of the company also approved the following transactions
during the year:
