Question
The break-up of the Shareholder Equity of ABC Ltd
as on 1 April 2021 was as follows: Share Capital 250,000 Securities Premium 150,000 Retained Profits 100,000 Revaluation Reserve 50,000 Each share is having a face value of Rs.10. During the year, the company has come up with a rights issue of 1:1 and the issue price was Rs.13. ABC Ltd paid a dividend of 0.05 per share. What would be the balance in Retained Profits account after the effect of these transactions?Solution
The retained profit will be impacted by the dividend paid. Dividend paid per share is Rs.0.05. No. of original shares = Share capital/face value = 250000/10 = 25,000 Shares issued under Rights Issue = in the ratio of 1:1 i.e. 25000 additional shares for which the amount will be added in Share Capital at Rs. 10 each and Share Premium account for excess amount i.e Rs.3 each. For the dividends total no. of shares = 25000+25000 = 50,000 Dividend paid = 50000*0.05 = Rs.2500 Retained profits = opening balance – dividend paid = 100,000 – 2500 = 97,500
A sends a threatening and abusive message to B through an online messaging platform. The message does not involve obscenity but is grossly offensive and...
Under the SEBI Act, which section deals with the registration of stock brokers, sub-brokers, share transfer agents, and other intermediaries?
Character is relevant in criminal cases if it is on:
An arbitral tribunal____ :
Under the Water (Prevention and Control of Pollution) Act, 1974, who has the power to appoint Pollution Control Boards in states?
In a murder investigation, circumstantial evidence shows that the accused's conduct immediately following the commission of the crime—specifically his...
Any property derived as a result of criminal activity is?
Under contract law, an "express offer" is best defined as:
Who is responsible for sending a notice when an accident occurs in an establishment that causes death or significant injury as per the Occupational Safe...
The maxim ‘actus non facit rea nisi mens sit rea’ means:
