Saeed made the following purchases of ordinary shares in Hyban plc: Date 24 August 1987 25 November
Question:
Saeed made the following purchases of ordinary shares in Hyban plc:
Transcribed Image Text:
Date 24 August 1987 25 November 1992 26 February 1998 11 October 2007 No of shares 800 1,200 1,600 400 Cost 960 1,440 2,400 800 In June 2014, the company made a 1 for 20 rights issue at 1.50 per share and Saeed took up the shares which he was offered. Calculate the chargeable gain arising in November 2017, when Saeed sold 1,260 shares at 3 each. Assume that no further shares were acquired within the following 30 days.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
To calculate the chargeable gain arising in November 2017 for Saeed when he sold 1260 shares we need ...View the full answer
Answered By
FREDRICK MUSYOKI
Professional Qualities:
Solution-oriented.
Self-motivated.
Excellent problem-solving and critical thinking skills.
Good organization, time management and prioritization.
Efficient troubleshooting abilities.
Tutoring Qualities:
I appreciate students as individuals.
I am used to tailoring resources for individual needs.
I can integrate IT into student's lessons.
I am good at explaining concepts.
I am able to help students progress.
I have a wide curriculum knowledge.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Saeed made the following purchases of ordinary shares in Hyban plc: In June 2017, the company made a 1 for 20 rights issue at 1.50 per share and Saeed took up the shares which he was offered....
-
Susan made the following purchases of ordinary shares in Semicycle plc: In January 2022, the company went into liquidation and Susan received a first distribution of 2 per share. The market value of...
-
Susan made the following purchases of ordinary shares in Semicycle plc: Date 11 January 2008 20 January 2015 No of shares 1,500 1,140 Cost 4,800 5,700 In January 2018, the company went into...
-
Estimates have been presented to Holly Farms, which is considering two environmental chambers for a project that will detail laboratory confirmations of on-line bacteria tests in chicken meat for the...
-
Which of the structures shown for the axial conformation of methylcyclohexane do you think is more stable, A or B? Why?
-
Five cubic meters of a 1.00-molar aqueous sulfuric acid solution (SG = 1:064) is stored at 25C. Use data in Tables B.1 and B.11 to calculate the standard heat of formation of the solution in kJ/mol...
-
In the process of alternative dispute resolution known as ____________, a neutral third party acts as a judge to determine how a conflict will be resolved. (a) mediation (b) arbitration (c)...
-
Sanville Quarries is considering acquiring a new drilling machine that is expected to be more efficient than the current machine. The project is to be evaluated over four years. The initial outlay...
-
Alec attended his town's annual Worm Charming Competition. Contestants are assigned to a square foot of land, where they have 30 minutes to "charm" worms to the surface of the dirt using a single...
-
In April 2014 , Vanessa bought 100 shares in Entagon plc at a cost of 5 per share. The company went into liquidation and Vanessa received a first distribution of 40p per share in July 2017. The...
-
In March 2012, Vincent bought 10,000 ordinary shares in Apezium plc for 44,000. In June 2017, the company went into liquidation and Vincent received a first distribution of 0.50 per share. The market...
-
Buyun Company purchased a building 14 years ago for $830,000. The building has accumulated depreciation of $581,000 and a fair value of $175,000. Buyun expects the building will generate a net cash...
-
How do talent analytics and predictive modeling enhance workforce planning and succession management strategies within dynamic organizational contexts ?
-
How have assumptions in economics changed over time? 1) Based on the information provided in the Ragan article (Ragan, C. (2015: June 16) Adam Smith's greatest legacy is his balanced approach. The...
-
Hoffman Healthcare, a pharmaceutical firm, is considering investing in a new business - cosmetics. Hoffman has 350 million shares outstanding trading at $ 30 per share; its stock has a beta of 1.20....
-
Ben Gordon, Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department to be $ 3 3 0 , 0 0 0 . The company produces 3 0 0 , 0 0 0 wheels and 6...
-
This is the chemical formula for lead (II) nitrate Pb(NO 3 ) 2 Calculate the mass percent of oxygen in lead (II) nitrate. roundyour answer to the nearest percentage.
-
Refer to the transactions of Circuit Country in P63B. In P63B, at the beginning of June, Circuit Country has a balance in inventory of $3,000. The following transactions occur during the month of...
-
What are some of the possible sources of information about a company that could be used for determining the companys competitive stance?
-
An interest in possession trust with one life tenant has the following income in 2020-21: (a) Compute the trustees' income tax liability for 2020-21. (b) How much income does the life tenant receive...
-
For each of the following savers, identify the further ISA investments that may be made during tax year 2020-21: (a) Alexander saves 500 in a cash ISA on 26 April 2020. (b) Bianca saves 6,000 in a...
-
In 2020-21, Alfred (not a Scottish taxpayer) had business profits of 16,870 and received net debenture interest of 1,520. He acquired the debentures on 1 July 2020 and accrued interest (gross) on 5...
-
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 108,000 units per year is: Direct materials Direct...
-
Explain to Khalid 1. When consolidation entry "G is prepared? 2. Give two reasons why is consolidation entry "G prepared? Assume an upstream intra-entity transfer. Khalid did not give an answer.
-
! Required information [The following information applies to the questions displayed below.] The following events apply to Gulf Seafood for the Year 1 fiscal year: 1. The company started when it...
Study smarter with the SolutionInn App