A company has a share capital consisting of 100 000 shares issued at $2 per share, and
Question:
(a) The company buys back 20 000 shares at $4 per share
(b) The company buys back 20 000 shares at $2.50 per share
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
At date of buyback the company has issued 150 000 shares and has a total share capital of ...View the full answer
Answered By
John Kimutai
I seek to use my competencies gained through on the job experience and skills learned in training to carry out tasks to the satisfaction of users. I have a keen interest in always delivering excellent work
4.70+
11+ Reviews
24+ Question Solved
Related Book For
Applying International Financial Reporting Standards
ISBN: 978-0730302124
3rd edition
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
Question Posted:
Students also viewed these Accounting questions
-
Francine Limited was incorporated with a share capital consisting of 100,000 common shares. In January 2011, it issued 20,000 mandatorily convertible preferred shares. The terms of the prospectus for...
-
Francine Limited was incorporated with share capital consisting of 100,000 common shares. In January 2014, it issued 20,000 mandatorily convertible preferred shares. The terms of the prospectus for...
-
Francine Limited was incorporated with share capital consisting of 100,000 common shares. In January 2017, it issued 20,000 mandatorily convertible preferred shares. The terms of the prospectus for...
-
Find a dense document that has little white space and few headings or graphics. You might look at a legal court filing, a companys privacy statement, or an apartment lease. How could you redesign the...
-
The following accounts and related balances of Bluebird Designers, Inc., as of December 31, 2012, are arranged in no particular order. Requirements 1. Prepare Bluebirds classified balance sheet in...
-
From the following T accounts of Barry are Cleaning Service of Yarmouth. a. Record and foot the balances on the appropriate pages in the Study Guide with Working Papers. b. Prepare a trial balance...
-
Let \(X\) denote the time between detections of a particle with a Geiger counter and assume that \(X\) has an exponential distribution with \(E(X)=1.4\) minutes. The probability that we detect a...
-
Stone Corporation is a manufacturing company that makes small electric motors it sells for $45 per unit. The variable costs of production are $25 per motor, and annual fixed costs of production are...
-
if V 3 = 1 0 s i n 1 0 0 t and V 4 = 9 s i n 1 0 0 0 t what is the current through the load resistor R 9 at t = 1 9 8 9 . 8 9 5 ? Resistor R 9 is a 1 1 6 watt carbon resistor, does it catch on fire...
-
Based on the gig economy video and the "hobby vs. business" court cases and discussion contained in Moodle - Week 6, please list and describe (with some detail) three "side gigs" which you may...
-
Why would a company wish to buy back its own shares? Discuss.
-
A company has a share capital consisting of 100 000 shares having a par value of $1 per share and issued at a premium of $1 per share, and 50 000 shares issued at $2 par and $1 premium. Discuss the...
-
Use the sample data from Exercise 9 to test the claim that the two populations have LDL levels with the same standard deviation. Use a 0.05 significance level. The baseline characteristics of...
-
(a) Prove that AUB = AU. Solution: Your solution goes here. n=1 (b) Does this result extend to infinite unions? In other words, is = Solution: Your solution goes here. 2 = 'n=1
-
Let g be continuous on an interval A and let F be the set of points where 9 fails to be one-to-one; that is, F = {x A: f(x) = f(y) for some y + x and y = A}. Show F is either empty or uncountable.
-
12. From a standard deck of cards five cards are chosen without replacement one at a time. Find the probability of getting a flush (all the same suit). 13. If each member of a 9-person jury acts...
-
(6) Recall that a subgroup of a group (G,*) is a subset HCG satisfying e H, h* h' H for all h, h' H, h- H for all h H. Determine all subgroups of Z/6Z. Hint: If H Z/6Z is a subgroup and h H then all...
-
(4) Write down all the possible multiplication tables for a group G with only two elements e and g, where e is the identity of G.
-
Current and future pharmaceutical products of biotechnology include proteins, nucleic acids, and viral gene vectors. Example 1.4 identified five physical and biochemical features of these biological...
-
Evenflow Power Co. is considering a new project that is a little riskier than the current operations of the company. Thus, management has decided to add an additional 1.5% to the company's overall...
-
One writer recently moved that a high percentage of all companies prepare statements that are in accordance with IFRS. Why then is there such concern about fraudulent financial reporting?
-
Presented below are five statements which you are to identify as true or false. If false, explain why the statement is false. 1. IFRS is the term used to indicate the whole body of IASB authoritative...
-
Presented below are five statements which you are to identify as true or false. If false, explain why the statement is false. 1. IFRS is the term used to indicate the whole body of IASB authoritative...
-
Recommend an optimal improvement to the company's future financial goals.
-
Your bank account pays a nominal interest rate of 1 1 % , compounded semi - annually. Your plan is to deposit $ 2 , 4 0 0 in the account at the end of each of the next 1 0 years. How much will you...
-
A partnership has total equity of $464,000. Partnership equity consists of Green, Capital, $324,000, and Tan, Capital, $140,000. Net income and loss is shared in a ratio of 85% to Green and 15% to...
Study smarter with the SolutionInn App