Question

1. Mr. X set up the accompanying methodology on the Delta Corporation's stock :

(1) Purchased one 3-month call choice with a premium of $ 30 and an activity cost of $ 550.

(2) Purchased one 3-month put alternative with a premium of $ 5 and an activity cost of $ 450.

Delta Corporation's stock is presently selling at $ 500. Decide benefit or misfortune, if the cost of Delta Corporation's :

(i) remains at $ 500 following 3 months.

(ii) falls at $ 350 following 3 months.

(iii) rises to $ 600.

Accept the size alternative is 100 portions of Delta Corporation.

Answer all the MCQ in proper sequence in reference to managerial accounts:

2. The equilibrium of the relinquished offers account after re-issue of relinquished offers is moved to :

(A) Statement of Profit and Loss

(B) Share Capital A/c

(C) Capital Reserve A/c

(D) General Reserve A/c

3. A Ltd. relinquished 500 portions of $10 each completely called up for non-installment of definite call of $3 per share 300 of these offers were reissued at $9 for every offer, completely settled up. What is the add up to be moved to Capital Reserve Account?

(A) $3,500

(B) $2,100

(C) $3,200

(D) $1,800

4. L Ltd. relinquished 400 portions of $10 each, $7 called up, for non-installment of first call of $2 per share. Out of these, 300 offers were reissued for $6 per share as $7 settled up. What is the add up to be moved to Capital Reserve Account?

(A) $1,700

(B) $1,200

(C) $2,100

(D) $300

5. 400 portions of $10, on which $8 has been called and $5 has been paid, are relinquished. Out of these, 300 offers are re-given for $9 as completely paid. What is the add up to be moved to. Capital Reserve Account?

(A) $1,200

(B) $1,600

(C) $2,000

(D) $1,700

6. R Ltd. relinquished 600 portions of $100 each $70 called up on which Mahesh has paid application and designation cash of $50 per share. Of these, 400 offers were re-given to Naresh as completely settled up for $110 per share. What is the add up to be moved to Capital Reserve?

(A) $30,000

(B) $36,000

(C) $24,000

(D) $20,000

7. Madhu Ltd. relinquished 800 portions of $10 each gave at 10% premium to Shyam ($9 called up) on which he didn't pay $3 of allocation (counting premium) and first call of $2. Out of these, 600 offers were re-given to Ram as completely settled up for 9 per share. What is to add up to be moved to capital Reserve?

(A) $2,400

(B) $1,800

(C) $3,000

(D) $3,600

8. In the event that a portion of 7,100 on which 760 has been paid, is relinquished, it very well may be re-given at the base cost of:

(A) $60

(B) $100

(C) $40

(D) $140

9. A Company relinquished 1,000 portions of $10 each completely called, on which $6,000 has been paid. Out of these 800 offers were heaps of $6,600. What is the add up to be moved to Capital Reserve?

(A) $4,800

(B) $6,000

(C) $4,600

(D) $3,400

10. An organization relinquished 700 portions of $710 each, on which just $75 for every offer was paid. Of these, 200 offers were reissued at $79 for each offer. Sum from Share Forfeiture Account to Capital Reserve Account will be moved:

(A) $800

(B) $200

(C) $3,500

(D) $2,500

11. 300 value portions of $10 each were given at $5 per share premium. Just $4 per share on application has been paid on these offers. These offers were relinquished. Later on out of these, 200 offers were reissued at $12 per share as completely paid. What will be measure of Capital Reserve?

(A) $500

(B) $1,200

(C) $200

(D) $800