On 13 May 2012, Ruben acquired 400 shares in Xaron Ltd at a cost of 1,800. On
Question:
On 13 May 2012, Ruben acquired 400 shares in Xaron Ltd at a cost of £1,800. On 17 July 2017, the company made a 1 for 8 bonus issue and (on the same day) Ruben sold 50 shares in Xaron Ltd for £7 each. Compute the chargeable gain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
On 17 July 2017 Ruben acquired 50 shares in X aron Ltd at zero c...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
On 15 October 2017, Desmond bought 5 000 shares in Red Ltd at a cost of R5 per share. On 25 October 2018, Red Ltd was taken over by Blue plc. The shareholders of Red Ltd received 3 shares in Blue plc...
-
A bakery with a December 31 st year end purchased new equipment on October 31 st 2000 for $10,000. This was their first equipment purchase. Required: What are the tax consequences if the equipment is...
-
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
-
If a= <1,0,1>, b= <2,1,-1>, and c= <0,1,3>, show that aX(bXc) is not equal (aXb)Xc.
-
One of the staggered conformations of 2-methylbutane in Problem 3.17b is more stable than the other. Which one is more stable? Why?
-
Communication and involvement are important aspects of successful change management as are basic aspects of HRM such as sufficient staffing and appropriate reward. l01
-
Describe the concept of expected value. AppendixLO1
-
Consider heat transfer in a one-dimensional (radial) cylindrical coordinate system under steady-state conditions with volumetric heat generation. (a) Derive the finite-difference equation for any...
-
The Individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2021, follow. Gibson acquired a 60 percent Interest in Keller on January 1, 2020, in...
-
(a) In November 2006, Yorick bought 6,000 ordinary shares in Togon plc for 30,000. In March 2018 , the company went into liquidation and Yorick received a first distribution of 1 per share. The...
-
Yvonne made the following acquisitions of ordinary shares in Ranghi plc: Date 30 September 2006 1 December 2010 No of shares 2,000 3,000 Cost 1,200 3,600 In January 2017, the company made a 1 for 5...
-
Refrigerant-134a is condensed in a refrigeration system by rejecting heat to ambient air at 25C. R-134a enters the condenser at 700 kPa and 50C at a rate of 0.05 kg/s and leaves at the same pressure...
-
f. The coordinates of two points A and B are (1, 2) and (5,7) respectively. Find the equation and slope of the line AB. g. Find the rate of change of the area of a circle w.r.t its radius r when r =...
-
1. Sketch the anticipated pattern of cracks on the beam structure shown below. Assume that the structure is adequately reinforced for the load shown, and that the loads are large enough to cause...
-
Estimate the hydrogen consumption required to completely remove the sulfur from a hydrotreater feedstock and to reduce the nitrogen content of the product to 15 ppm by weight. The 48.5 API naphtha...
-
2. Consider the following kinds of information, and suggest the most appropriate data type to store or represent each: Information Suggested Data Type String A person's name A person's age in years A...
-
Steam at 32 MPa, 520C enters the first stage of a supercritical reheat cycle including three turbine stages. Steam exiting the first-stage turbine at pressure p is reheated at constant pressure to...
-
You have been given information regarding a company in which one of your friends is interested in investing. Help your friend by calculating some cash-based ratios.
-
Reduction in sales All of the above 29. Belt of an electric motor is broken, it needs a. Corrective maintenance b. Scheduled maintenance c. Preventive maintenance d. Timely maintenance. 30. The...
-
Matthew (who was born on 1 October 1934) dies on 23 December 2020. His only income in tax year 2020-21 is a retirement pension of 30,860. He made a Gift Aid donation of 200 in July 2020. His wife has...
-
In 2020-21, Raj has dividend income of 63,400. He has no other income. He makes a qualifying Gift Aid donation of 440 during the year. Show his 2020-21 income tax computation.
-
A taxpayer with no capital gains tax liability makes a qualifying Gift Aid donation of 960 in tax year 2020-21. Explain: (a) why this donation is worth more than 960 to the charity which receives it...
-
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
-
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
-
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...
Study smarter with the SolutionInn App