Motion Ltd issued $5 million in redeemable preference shares in a private placement on 1 July 2012. The shares are redeemable on 30 June 2016, have no voting rights and offer a fixed rate of return to the holder. The shares are redeemed as expected with a fresh issue of shares. What are the accounting entries and note disclosures to record the transactions on 1 July 2012and 30 June 2016?

Google c Search Textbook Solutions Cheo X OU Wutupp d.com/ultra/course_4932_1/d/outline Remaining Time: 48 minutes, 23 seconds. Question Completion Status: Question 2 1 points Motion Ltd issued 55 million in redeemable preference shares in a private placement only 2012. The shares are redeemable on 30 June 2016, have no voting rights and offer a foxed rate of return to the holder. The shares are redeemed as expected with a fresh issue of shares. What are the accounting entries and note disclosures to record the transactions on 1 July 2012and 30 June 20167 July 2012 Dr Bank trust 5 000 000 Cr Share capital preference shares 5 000 000 30 June 2016 Dr Share capital preference shares Cr Cash at bank 5 000 000 5 000 000 Note disclosure redeemable preference shares have characteristics different to ordinary shares and so have been disclosed separately in the shareholders' funds section of the statement of financial position July 2012 Dr Application 5 000 000 Cr Share capital-preference shares 5 000 000 5 000 000 Dr Cash at bank Cr Application 5 000 000 lan o BE (AD ENG > hop mort se delete home + % & 5 8 9 DAT lock backspace Google c Search Textbook Solutions Cheo X OU Wutupp d.com/ultra/course_4932_1/d/outline Remaining Time: 48 minutes, 23 seconds. Question Completion Status: Question 2 1 points Motion Ltd issued 55 million in redeemable preference shares in a private placement only 2012. The shares are redeemable on 30 June 2016, have no voting rights and offer a foxed rate of return to the holder. The shares are redeemed as expected with a fresh issue of shares. What are the accounting entries and note disclosures to record the transactions on 1 July 2012and 30 June 20167 July 2012 Dr Bank trust 5 000 000 Cr Share capital preference shares 5 000 000 30 June 2016 Dr Share capital preference shares Cr Cash at bank 5 000 000 5 000 000 Note disclosure redeemable preference shares have characteristics different to ordinary shares and so have been disclosed separately in the shareholders' funds section of the statement of financial position July 2012 Dr Application 5 000 000 Cr Share capital-preference shares 5 000 000 5 000 000 Dr Cash at bank Cr Application 5 000 000 lan o BE (AD ENG > hop mort se delete home + % & 5 8 9 DAT lock backspace