Solid ltd. issued 2,000, 10% preference shares of Rs. 100 each at par, which are redeemable...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Solid ltd. issued 2,000, 10% preference shares of Rs. 100 each at par, which are redeemable at a premium of 10%. For the purpose of redemption, the company issued 1,500 equity shares of Rs. 100 each at a premium of 20% per share. At the time of redemption of preference shares, the amount to be transferred by the company to the Capital Redemption Reserve Account will be- A Rs. 50,000 B C D Rs. 40,000 Rs. 2,00,000 Rs. 2,20,000 Solid ltd. issued 2,000, 10% preference shares of Rs. 100 each at par, which are redeemable at a premium of 10%. For the purpose of redemption, the company issued 1,500 equity shares of Rs. 100 each at a premium of 20% per share. At the time of redemption of preference shares, the amount to be transferred by the company to the Capital Redemption Reserve Account will be- A Rs. 50,000 B C D Rs. 40,000 Rs. 2,00,000 Rs. 2,20,000
Expert Answer:
Answer rating: 100% (QA)
In case fresh shares are issued at premium then in such case only nomina... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
In your opinion, what type of knowledge is more important to an MNE-explicit or tacit? Why?
-
The following excerpt is taken from Note 1 on page 38 of Nordstroms 2008 10K (amounts are in millions of dollars): Net Sales We record revenues net of estimated returns and we exclude sales taxes....
-
What type of audit approach is typically planned for debt obligations? Why is this most often the most appropriate approach?
-
The shear shown is used to trim electronic-circuit-board laminates. Neglecting the thickness of the shearing blade and knowing that a vertical 3-kN shearing force at E is required to cut the...
-
As an investor with a portfolio of stocks, would you rather see the S&P 500 Index and DJIA performing in a similar manner over some penod of time, or quite differently?
-
The cost of warehouse space is allocated to three inventories: raw materials, work- in-process, and finished goods. The inventories use the warehouse space in the ratio of one-third to one-sixth to...
-
VAN Technologies, a value-added network service provider, links subscribing electronic data integration (EDI) networks, receives network transmissions from trading partners, translates transmissions...
-
Allen Products, Inc., wants to do a scenario analysis for the coming year. The pessimistic prediction for sales is $900,000; the most likely amount of sales is $1,125,000; and the optimistic...
-
Explain how virtual memory allows for shared address spaces among processes. What are the benefits and challenges of shared virtual memory, particularly in multi-threaded or multi-process...
-
Ethyl alcohol (ethanol) can be produced by the fermentation of sugars derived from agricultural products such as sugarcane and corn. Some countries without large petroleum and natural gas...
-
You have $5,000 today, but need $10,000 for the down payment on a new sailboat. If you put the money in a bank that offers 10% interest, how many years before you are able to make the sailboat down...
-
What are the five questions you should answer when analyzing persuasive situations? Which question do you think is the most important? Why?
-
Your company privileges good communication skills. In fact, during their second year, all employees are sent to a four-month communication course. As part of your annual review, you must prepare a...
-
Banks make billions of dollars from overdraft fees. They maintain that the overdraft service allows customers to make vital purchases even when their account is empty. On the other side, many...
-
In a pair or in small groups, find three online shopping sites that sell similar types of merchandise (e.g., Backcountry.com, Moosejaw.com, REI.com). Consider the following questions: Who are the...
-
In small groups, discuss how much overdraft information should be shared. Here are some questions to get you started: For what groups are overdraft services a benefit? Which groups do such services...
-
Only answer part a Exercise 1. Pseudorandom Functions [40 points] Let Fk {0,1}" {0, 1}" be a pseudorandom function. For each of the functions below you will have to show that it is NOT a PRF,i.e.,...
-
For the next several days, take notes on your listening performance during at least a half-dozen situations in class, during social activities, and at work, if applicable. Referring to the traits of...
-
Do those who protest against globalization make any valid point(s) that all people, whether for or against globalization, should consider?
-
1. Assuming you can afford (and are interested in) some of the "Maasai" products, would you like to pay more for these products if royalties are paid to the Maasai? 2. As CEO of one of the tribes...
-
Non-verbal communication (e.g., tone of voice, gestures, and facial expressions) can be important in all cultures, but would it be more important in a high-context or low-context culture? Why?
-
Fill in the Blank. In the finite element method, \(a(n)\) ___________ solution is assumed within each element.
-
The stiffness matrix of a bar element is given by a. \(\frac{E A}{l}\left[\begin{array}{ll}1 & 1 \\ 1 & 1\end{array} ight]\) b. \(\frac{E A}{l}\left[\begin{array}{rr}1 & -1 \\ -1 & 1\end{array}...
-
What is the basis for the derivation of transformation matrices?
Study smarter with the SolutionInn App