1. You are presented with equity information together with a series of events above for MB Ltd...
Question:
1. You are presented with equity information together with a series of events above for MB Ltd that might give rise to transaction/s. In relation to those events prepare all the relevant general journal entries that arise for the period 1st July 20X7 to 30 th June 20X8 only.
You also need to provide supporting information (ie a working paper) for each journal entry. Furthermore, after each of the events provide the following:
• The number of ordinary shares on issue subject to the dividend reinvestment plan.
• The number of ordinary shares on an issue that is not subject to the dividend reinvestment plan.
• The total number of ordinary shares on issue.
2. Provide a list of ordinary shareholders (ie the names) and the number of shares each hold as at the 30th June 20X8. In addition, also clearly state the following:
• The number of ordinary shares on issue subject to the dividend reinvestment plan.
• The number of ordinary shares on issue which are not subject to the dividend reinvestment plan.
• The total number of ordinary shares on issue.
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk