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
Pulses of two varieties, which are costing for Rs.26/kg and Rs.78/kg as they mixed together. when the price of the mixture obtained is Rs.54/kg then wha...
- ‘X’, ‘Y’ and ‘Z’ jointly hired a machine to do a task. If they used it for 6, 9, and 5 hours respectively, and the total cost came to Rs. 1000,...
The proportion of salaries of Hema, Clement, and Gaurav is 3: 5: 7, respectively, if Gaurav is getting Rs.1140 more from Hema. What is Clement's salary?...
Hariom has 85 notes of Rs 50 and Rs 100. If the total money he has is Rs 5000, then find the number of Rs 50 notes.
The ratio of prices listed for a bag and that of a belt is 2:1. In a sale, there was a discount of 40% on the belt. At the time of checkout, Ankit notic...
Ravi divided a sum of money among Aryan, Kiran and Rohan in the ratio 5:7:13 respectively. 70% of Aryan’s share is Rs. 210 less than 50% of Rohan’s ...
The speeds of three cars are in the ratio of 3: 2: 4. The ratio of respective time taken by these cars to travel the same distance is:
- The ratio of number of men to women in a team is 3:2, respectively. If the number of men were 10 less and the number of women were 15 more, then their numb...
A, B and C has total 60 toffies with them. A has 25 toffies and the number of toffies with C is 5 less than that with B. How many...
