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? Mururani Ltd is company listed in NSX (Namibia Stock Exchange) provides you with this information from their Accounting records as at 1 May 2020:
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Mururani Ltd is company listed in NSX (Namibia Stock Exchange) provides you with this information from their Accounting records as at 1 May 2020: 250 000 ordinary share capital at N$5,00 100 000 Cumulative preference share capital at N$2,00 Share premium Capital redemption reserve fund Revaluation surplus Asset replacement reserve Retained earnings Income tax (refund) 1, 250 000 200,000 55,000 25,000 280,000 100,000 800,000 15,000 The board of directors of Mururani Ltd have proposed an aggressive strategic plan to expand the business operations. To finance this strategy the board on 1 June 2020 decided to raise capital using the following means: 1. 10%, 50 000 debentures of N$100 each was offered at a premium of 5% payable in full on application. The debenture premium is to be amortised over the life of the debentures using the effective interest rate method at 9,2242%. 2. The company issued 100 000 ordinary shares at N$5,00 each at a premium of 50c. Current assets CAPITAL AND LIABILITIES Members' contributions: Beo(50%) Reo (35%) Teo(15%) Retained earnings Non-current liabilities Current liabilities 123.000 352 000 180 000 70 000 50 000 60 000 90 000 45 000 37 000 352 000 77.000 297 000 180 000 70 000 50 000 60 000 65 000 45 000 7 000 297 000 Time left 2: REQUIRED: 1. Calculate the new membership interests and show the statement of changes in net membership investment and membership interest in each of the following instances separately.
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