A company made the following acquisitions of ordinary shares in Rujan plc: Date 15 August 1980 23
Question:
A company made the following acquisitions of ordinary shares in Rujan plc:
Transcribed Image Text:
Date 15 August 1980 23 January 1997 No of shares 500 600 Cost 1,000 2,500 RPI 154.4 The market value of the shares on 31 March 1982 (RPI 79.44) was 2.50 per share. In June 2004 (RPI 186.8), Rujan plc made a 1 for 20 rights issue at 8 per share and the company decided to buy the shares it was offered. Calculate the chargeable gain arising in October 2017 (RPI 273.5) when the company sold 840 shares for 10 each.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
The gain arising on the disposal from the 1982 holding is calculated ...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A company made the following acquisitions of ordinary shares in CDE plc: Date 1 June 1970 30 October 1975 15 August 1981 No of shares 1,000 800 900 Cost 3,000 2,500 3,100 The shares had a market va...
-
Tina made the following acquisitions of ordinary shares in Hombus plc: Date 15 August 1993 23 January 2003 Number of shares 500 700 Cost 1,250 2,800 On 1 June 2014, the company made a 1 for 20 rights...
-
Sherjeel made the following acquisitions of ordinary shares in Truculent plc: Date 27 September 2000 28 July 2002 3 February 2007 5 July 2011 Number of shares 1,200 800 500 300 Cost 3,600 2,800 2,000...
-
Management is responsible for establishing effective internal control for its organization, including measures to prevent, deter, and detect fraud. Appendix 7A on pages 294296 describes antifraud...
-
We can use bond-line formulas to represent alkenes in much the same way that we use them to represent alkanes. Consider the following alkene: (a) What is the molecular formula of this alkene? (b)...
-
Calculating NCF A firm has net revenues of 6,065 million (including net non-cash expenses). Net non-cash expenses (including depreciation) were 2,380 million. Cash outflows from investing activities...
-
Security System The access code for a garage door consists of three digits. Each digit can be any number from 0 through 9, and each digit can be repeated. (a) Find the number of possible access...
-
The office currently has the following full-time equivalents (FTEs): 1.5 surgeons, 2 ASRs, 2RNs, and 1 CA. Suppose that in the following year, the office will have 5,400 plagiocephaly visits, 2,000...
-
II. Before you call the meeting, the existing Fed Funds rate is 3.5% and the Discount rate is 4.5%. The Fed pays banks 1% for reserves they keep at the Fed. What Fed action would you recommend for...
-
A company acquired a chargeable asset for 2,000 in April 1980 and sold the asset for 22,500 in September 2017. Compute the unindexed gain arising on this disposal if the market value of the asset at...
-
A company acquired a chargeable asset for 5,000 in February 2004 (RPI 1 83.8). The asset was sold in January 2018 (RPI 2 75.3). The asset was not a chattel. Compute the chargeable gain or allowable...
-
Randolph Company produces two fountain pen models. Information about its products follows: Randolphs fixed costs total $78,500. Required: 1. Determine Randolphs weighted average contribution margin...
-
Part 2 One Stop Electrical Shop are merchandisers of household fixtures & fittings. The business began the last quarter of 2020 (October to December) with 25 Starburst Wall Clocks at a total cost of...
-
A species of butterfly has three subspecies A, B, and C. A scientist is trying to classify observed. specimens into these subspecies based on the color of their wings, which can be blue, green, pink,...
-
Stock during the year were sold for $8 per share. On December 31 , Portland had no remaining treasury stock. Required: Prepare the necessary journal entries to record any transactions associated with...
-
2) 20 pts. A 2-kg block rests on a wedge that has a coefficient of friction between the wedge and block of 0.3. The system accelerated to the right. Determine the maximum acceleration of the system...
-
ABC Ltd. is concerning about its poor performance and considering whether or not dropping the production and sells of product R, which incurs losses of Birr 4000. Additional information: The salaries...
-
Refer to the table in the question, which contains an extract of some of the S&P/ASX300 listed Australian companies. a. Explain what each of the column headings represent and how the reported ratios...
-
What is your assessment of the negotiations process, given what you have studied? What are your recommendations for Mr. Reed? You must justify your conclusions
-
Andrew Pearson is a shareholder of APP Nottingham Ltd. Which of the following (if any) are his associates when deciding whether the company is a close company? (a) his sister (d) his father (b) his...
-
A company has the following results for the four years to 31 March 2023: Calculate the total repayment of corporation tax (with interest) to which the company is entitled, assuming that: (a) all...
-
A company's taxable total profits for the year to 31 March 2022 are 400,000. In the year to 31 March 2023, the company incurs a trading loss of 700,000 but has other taxable income and gains...
-
Comfort Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Stenback Inc. costs $1,000,000 and will last five years and have...
-
Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 71,000 shares of $10 par common stock. 8,500 shares of $60 par, 6 percent, noncumulative preferred stock. On...
-
Read the following case and then answer questions On 1 January 2016 a company purchased a machine at a cost of $3,000. Its useful life is estimated to be 10 years and then it has a residual value of...
Study smarter with the SolutionInn App