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Question 3 (24) CLOSE CORPORATIONS The information in the table relates to a close corporation with three members: Member Alpheus Member Banolo Members' percentage interest
Question 3 (24) CLOSE CORPORATIONS The information in the table relates to a close corporation with three members: Member Alpheus Member Banolo Members' percentage interest 10% 40% Members' funds Members' contributions R10 000 R44 000 Retained earnings R28 700 R114 800 Member Cele 50% R32 000 R143 500 R175 500 R38 700 R158 800 Member Daliwonga joins the CC. His contribution, in the form of a vehicle, is valued at R60 000. He acquires a 20% interest in the CC. Required: Calculate the change in members' percentage interest and members' funds. Question 4 (12) COMPANY FINANCIAL STATEMENTS The following information was taken from the books of Bongi Limited. Balances of the accounts in the General Ledger of Bongi Ltd on 31 March 2929
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