Question: URGENT ! Please i need the answer fast. Question 3 (a) The share capital of Pokoks Bhd as at 31 December 2017 consisted of 16,000,000

 URGENT ! Please i need the answer fast. Question 3 (a)

URGENT ! Please i need the answer fast.

Question 3

(a) The share capital of Pokoks Bhd as at 31 December 2017 consisted of 16,000,000

ordinary shares amounted to RM8,000,000.

On 1 February 2018, Pokoks Bhd consolidated two existing shares into one share.

On 28 February 2019, the company issued 8,000,000 ordinary shares at fair price for

cash and was fully paid.

On 1 January 2019, Pokoks Bhd issued 5% convertible loan stock of RM4,000,000.

These debentures may be converted into ordinary shares of 300 ordinary shares for

every RM200 debenture.

The share capital of Pokoks Bhd as at 31 December 2017 consisted

The following information was available: Year ended Profit after tax and 31 December interest (RM'000) 2017 680 2018 740 2019 810 2020 834 Income tax on company profits is 30%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!