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    How many new ordinary shares were issued?

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    1 A company has the following capital structure
    $
    50 000 ordinary $ 10 shares 500 000
    1000 000 5% convertible loan stock 1 000 000

    One half of the loan stock holders converted at the rate of three new ordinary shares of $ 10 each
    per $ 100 of loan stock.

    How many new ordinary shares were issued?
    A 15000 B 150 000 C 200 000 D 300 000

    2 A published balance sheet for a company at 1 January 2005 included
    $
    Ordinary share capital 500
    Profit and loss account 200

    The company results for the year to 31 December 2005 included
    $ million
    Profit before taxation 50
    Taxation 15
    Dividends proposed 10
    Revaluation surplus on land 15

    What was the profit and loss account balance at 31 December 2005?
    A $ 225 million B $ 240 million C$250 Million D$265Million

    3 The net assets of a company are shown below

    Million$
    net assets at original cost 100
    net book value 50
    fair value 70

    A company pays $100 million cash plus $20 million in shares for all the net assets.
    what will the annual goodwill amortization charge be if the company applies
    a ten year economic lif of goodwill.

    A $2 million
    B $ 3million
    C$5 Million
    D $ 7Million

    4 The table contains information for the two products of a company

    Products X Y
    contribution per unit $12 $9
    machine hours required per unit 6 3
    estimated sales demand 200 200
    required machine hours 1200 600
    machine capacity limited to 1200 hours

    What is the maximum possible contribution ?
    A $2100 B$3000 C$ 3300 D$4200

    5 The data relates to two different levels of output in a department
    Machine hours 16000 20000
    overheads $214,000 $230,000

    What is the amount of fixed overheads?

    A $16000 B$64000 C$150000 D$198000

    6 Budgets for the production of metal posts are shown.

    1000 units 1500 units
    $ $
    direct material 20000 30000
    direct labor 30000 45000
    production overhead 40000 50000
    marketing 40000 40000

    what is the unit cost for a production run of 1200 units to the nearest
    Dollar
    A$70 B$87 C$112 D$120

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    https://brainmass.com/business/accounting/how-many-new-ordinary-shares-were-issued-125819

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    ---------------

    1 A company has the following capital structure
    50 000 ordinary $ 10 shares 500 000
    1000 000 5% convertible loan stock 1000000
    One half of the loan stock holders converted at the rate of three new ordinary shares of $ 10 each per $ 100 of loan stock.
    How many new ordinary shares were issued?
    Number of new shares=15000

    2 A published balance sheet for a company at 1 January 2005 included Ordinary share capital 500
    Profit and loss account 200

    The company results for ...

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