013 Net profit of the company is equal to a. 18,750 b. ES2,000 e. 226,750 d. 45,350 014 Debtors are equal to a. 131,250 b. 71,250 c. 60,000 d. 87,500 015 Which principle/guideline requires a company's balance sheet to report its land at the amount the company paid to acquire the land, even if the land could be sold today at a significantly higher a. Cost b. Economic Entity e. Monetary Unit d. Going Concern 016 Every transaction will affect how many accounts? a. Only one b. Only two c. Two or more d. None 017 At 1.1.X6 C Cs balance sheet showed the following Cash Share capital 100,000 shares of SOp each 50,000 15,000 ,000 Retained On that day, the company made a rights issue of 60,000 shares at a price of 2 If the market value of each share before the rights issue was E1.S, other things being equal, what will the market value of each of the old shares and each of the new shares be after the rights issue? a. Old shares: E1.5 New shares: E1.5 b. Old shares: 1.5 New shares: 1.75 c. Old shares: 1.6875 New shares: 1.6875 d. Old shares: 1.5 New shares: 1.6875 013 Net profit of the company is equal to a. 18,750 b. ES2,000 e. 226,750 d. 45,350 014 Debtors are equal to a. 131,250 b. 71,250 c. 60,000 d. 87,500 015 Which principle/guideline requires a company's balance sheet to report its land at the amount the company paid to acquire the land, even if the land could be sold today at a significantly higher a. Cost b. Economic Entity e. Monetary Unit d. Going Concern 016 Every transaction will affect how many accounts? a. Only one b. Only two c. Two or more d. None 017 At 1.1.X6 C Cs balance sheet showed the following Cash Share capital 100,000 shares of SOp each 50,000 15,000 ,000 Retained On that day, the company made a rights issue of 60,000 shares at a price of 2 If the market value of each share before the rights issue was E1.S, other things being equal, what will the market value of each of the old shares and each of the new shares be after the rights issue? a. Old shares: E1.5 New shares: E1.5 b. Old shares: 1.5 New shares: 1.75 c. Old shares: 1.6875 New shares: 1.6875 d. Old shares: 1.5 New shares: 1.6875