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Questlon 3 (35 Marks) Here are the financial statements of Premier Suites Ltd on 31 December 2020 Premler 5 vites Ltd Abridged Statement of profit or loss\& other Comprehensive Income for the year ended 31 December 2020 Premier Suites Ltd Statement of Financlal ancition ac at aramkar anan. -FACULTY OF COMMERCE, MANAGEMENT AND LAW Premier Suites Ltd Premier Saites Ltd Statement of chanzes in eauitv for the vear ended 31 December 2020 Additional information: 1. Favorable market conditions enabled the company to place 200000 ordinary shares peivately with institutional investors at 55c per share and also to issue 600006% preference shares to the public at NS1 per share. - The insue of new shares was to redeem the mortgage debentures - The company paid share issoe eopenses of N1000 and this amount was written off at 31 December 2020 . 2. The company had sold a small plot in December 2020. The cost of the land disposed of was N\$4 000 (No other freed assets were sold or scrapped during the year) 3. Included in the profit before taxation is interest paid of N5400, and interest received of N5 1300. 4. Dividends declared consists af: - Ordinary dividends N510000 - Preference dividends N56000 FACULTY OF COMMERCE, MANAGEMENT AND LAW Question3 (35 Marks) Here are the financial statements of Premier Suites Itd on 31 December 2020 Premier suites Ltd Abridged Statement of profit or loss\& other Comprehensive income for the year ended 31 . Premier Suizes Ltd Statement af financial bosition ac at a1 narmmhar onan Premier 5ultes Ltd Addinlonal informabont 1. Favorable market conditions enatied the compary to place 200000 ordinaryshares privately with imtitutional imvestors at 35c per share and also to ksue 600006x preference thares to the pullic at 1251 per shart. - The issue of newhares was ten nedeem the mortgaee debentures - The company paid share lasue expenses of N\$\$ 1000 and this amount was written off at 31 December 2020. 2. The company had sold a small plot in December 2020. The cont of the land dirposed of was NS 000 (No other flapd ansets were sold or scrappod daring the year) 3. Included in the prote before taxation is interest paid of NSS 400 , and interest received of N5 1300. 4. Dwdends declared contists of: - Ordinary dividents N\$10 000 - Prelerence atidends HS6DoO FACULTY OF COMMERCE, MANAGEMENT AND LAW Questlon 3 (35 Marks) Here are the financial statements of Premier Suites Ltd on 31 December 2020 Premler 5 vites Ltd Abridged Statement of profit or loss\& other Comprehensive Income for the year ended 31 December 2020 Premier Suites Ltd Statement of Financlal ancition ac at aramkar anan. -FACULTY OF COMMERCE, MANAGEMENT AND LAW Premier Suites Ltd Premier Saites Ltd Statement of chanzes in eauitv for the vear ended 31 December 2020 Additional information: 1. Favorable market conditions enabled the company to place 200000 ordinary shares peivately with institutional investors at 55c per share and also to issue 600006% preference shares to the public at NS1 per share. - The insue of new shares was to redeem the mortgage debentures - The company paid share issoe eopenses of N1000 and this amount was written off at 31 December 2020 . 2. The company had sold a small plot in December 2020. The cost of the land disposed of was N\$4 000 (No other freed assets were sold or scrapped during the year) 3. Included in the profit before taxation is interest paid of N5400, and interest received of N5 1300. 4. Dividends declared consists af: - Ordinary dividends N510000 - Preference dividends N56000 FACULTY OF COMMERCE, MANAGEMENT AND LAW Question3 (35 Marks) Here are the financial statements of Premier Suites Itd on 31 December 2020 Premier suites Ltd Abridged Statement of profit or loss\& other Comprehensive income for the year ended 31 . Premier Suizes Ltd Statement af financial bosition ac at a1 narmmhar onan Premier 5ultes Ltd Addinlonal informabont 1. Favorable market conditions enatied the compary to place 200000 ordinaryshares privately with imtitutional imvestors at 35c per share and also to ksue 600006x preference thares to the pullic at 1251 per shart. - The issue of newhares was ten nedeem the mortgaee debentures - The company paid share lasue expenses of N\$\$ 1000 and this amount was written off at 31 December 2020. 2. The company had sold a small plot in December 2020. The cont of the land dirposed of was NS 000 (No other flapd ansets were sold or scrappod daring the year) 3. Included in the prote before taxation is interest paid of NSS 400 , and interest received of N5 1300. 4. Dwdends declared contists of: - Ordinary dividents N\$10 000 - Prelerence atidends HS6DoO FACULTY OF COMMERCE, MANAGEMENT AND LAW