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This information relates to questions 1 - 5 below:A profitable cattle feed production company, Tswelelopele Ltd , was incorporated with an authorised share capital of

This information relates to questions 1-5 below:A profitable cattle feed production company, Tswelelopele Ltd, was incorporated with an authorised share capital of 900,000 NPV ordinary shares and 600,0006.5% preference shares.The company's financial year-end is April 30.Below are the share transactions recorded for Tswelelopele Ltd since incorporation:* On May 1,2022,105,000 ordinary shares were issued to subscribers at R8.5 per share.* On June 18,2022,225,000 ordinary shares and 260,0006.5% preference shares were issued to the public at R10.50 each and R11.20 each, respectively.* On July 31,2023,102,0006.5% preference shares were issued at R20.20 each.* On March 25,2024, the share capital for ordinary shares increased by R1,820,500. These shares were issued at R12.50 each.On April 15,2024, the directors of Tswelelopele Ltd approved a capitalisation issue of 1 share for every 4 ordinary shares held at R15.9 per share.On April 30,2024, the board of Tswelelopele Ltd declared an ordinary dividend of R0.45 per share, payable during May 2024. The company met the liquidity and solvency requirements.
Q 1: Which one of the following alternatives represents the correct total number of ordinary shares issued by Tswelelopele Ltd as at 31March 2024?a.245,000b.300,000c.475,640d.330,000e.2,150,500
Q2: Assume that the total number of ordinary shares issued before the capitalisation is 540000. Which one of the following alternatives represents the correct number of capitalisation shares to be issued by Tswelelopele Ltd on 15April 2024?a.82,500b.118,910c.2,000,000d.2,160,000e.135,000
Q3: Assume that the total number of capitalisation shares issued is 110000. Which one of the following alternatives represents the correct value of the capitalisation shares to be issued by Tswelelopele Ltd on 15April 2024?a. R 2,000,000b. R 1,749,000c. R 1,890,669d. R 242,000e. R 2,146,500
Q4: Assume that the total number of shares issued before the capitalisation and the capitalisation shares issued is 540000 and 110000 respectively. Which one of the following alternatives represents the correct amount of ordinary share dividend by Tswelelopele Ltd on 30April 2024?a. R 292,500b. R 148,500c. R 90,000d. R 135,000e. R 225,000
Q5Which one of the following alternatives represents the correct amount of preference share dividend by Tswelelopele Ltd on 30April 2024?a. R 189,000b. R 189,280c. R 289,725d. R 323,206e. R 320,000

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