Question 29 Not yet answered Marked out of 2.00 Al Rapha company's profit after tax for the year 31st December 2018 was R 500,000. The comparative figure for the year 31 December 2017 was RO 300,000. The company's issued share capital on 1st January 2016 consisted of 140,000 ordinary shares. N shares were issued during the year 2017 but a 1 for 4 rights issue was made on 1st July 2018 at RO 0.500 per share and this was subscribed. The market value of the company's shares just before the rights issue was RO 1.500 per share. Flag question a. Calculate the total market value of shares. OMR 227,500 OMR 17,500 None of the listed choices OMR 210,000 On 29 Not yet answered Marked out of 2.00 Al Rapha company's profit after tax for the year 31st December 2016 was RO 500,000. The comparative figure for the years December 2017 was RO 300,000. The company's issued share capital on 1st January 2016 consisted of 140.000 dinary ses No shares were issued during the year 2017 but a 1 for 4 rights issue was made on 1st July 2016 at RO 0500 per share and this wmfully subscribed. The market value of the company's shares just before the rights issue was RO 1.500 per share, Tag gestion a. Calculate the total market value of shares b. Calculate the theoretical Ex Rights price. OMR 1.0 per share OMR 1.3 per shar OMR 20 per share None of the listed choices Question 30 Not yet answered River Side LLC repurchased 100 shares of its outstanding common stock for OMR 65 each on March 28, 2019. On 2019 March 28, the River Side LLC reacquired 100 shares of its outstanding common stock for OMR 65 each a. Pass the necessary journal entries to record the said information Marked out of 2.00 Flag question Dr. Treasury stock OMR 6500 Gr. Cash OMR 6500 Dr. Treasury stock OMR 6500 Cr. Share premium OMR 6500 Dr. Cash OMR 6500 Cr. Treasury stock 6500 None of the listed choices Duestion 30 River Side LIC repurchased 100 shares of its outstanding common stock for OMR 65 each on March 28, 2019 Not yet answered Marked out of 22.00 On 2019 March 28, the River Side LLC reacquired 100 shares of its outstanding common stock for OMR 65 each a. Pass the necessary journal entries to record the said information Flag question b. The company reissued 40 shares worth OMR 68 each on May 28, 2019. Pass the necessary journal entries to record the said information . Dr. Cash OMR 2,720 G. Treasury stock OMR 120 Gr. Share premium OMR 2,600 Dr. Cash OMR 2,720 Gr. Treasury stock OMR 2,600 Cr. Retained earnings OMR 120. None of the listed choices Dr. Cash OMR 2,720 C. Treasury stock OMR 2600 Cr. Share premium OMR 120
