MINI-CASE 9 EQUITY - NG JIA XIN GROUP B 237595 QUESTION 1 a...

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International Financial Management
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Chapter 11 / Exercise 1
International Financial Management
Madura
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NG JIA XIN 237595 GROUP B QUESTION 1 a) What are the key components/accounts reported in the equity section of the company’s statement of financial position?
b) What are the items reported in the reserve? (if applicable)
c) How many ordinary shares have been issued?
d) What is the par value of the ordinary shares?
e) What is the total amount of issued and fully paid capital?
f) Does the company issue preference shares?
g) What is the total amount of the annual dividends paid to the shareholders?
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International Financial Management
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Chapter 11 / Exercise 1
International Financial Management
Madura
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QUESTION 2 Discussion questions no. 1 and 4, pg 53&54, Picker et al. QUESTION 3 Early in year 2014 Azlan and several friends organised a corporation called Setia Kawan Berhad. The corporation was authorised to issue 50,000 shares of RM100 par value, 10 percent cumulative preference shares and 400,000 shares of RM2 par value ordinary shares. The following transactions occurred during the year: 6 Jan. Issued for cash 20,000 ordinary shares at RM14 per share. 7 Jan. Issued an additional 500 ordinary shares to Azlan in exchange for his services in organising the corporation. The shareholders agreed that these services were worth RM7,000. 12 Jan. Issued 2,500 preference shares for cash of RM250,000. 4 June Acquired land as a building site in exchange for 15,000 ordinary shares. In view of the appraised value of the land and the progress of the company, the directors agreed that the

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