At 30 September 20X2 the trial balance of Cavern includes the following balances:Equity shares of 20c each 50,000Share premium 15,000Cavern has accounted for a fully-subscribed rights issue of equity shares made on 1 April 20X2 of one new share for every four in issue at 42 cents each. This was the only share issue made during the year.What were the balances on the share capital and share premium accounts at 30 September 20X1?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .Although the objectives and purposes of not-for-profit entities are different from those of commercial entities, the accounting requirements of not-for-profit entities are moving closer to those entities to which IFRSs apply.Which of the following IFRS requirements would not be relevant to a not-for-profit entity?
A Preparation of a statement of cash flows B Requirement to capitalise a finance lease C Disclosure of earnings per share D Disclosure of non-adjusting events after the reporting date
2 .At 1 January 20X8 Artichoke had 5 million $1 equity shares in issue. On 1 June 20X8 it made a 1 for 5 rights issue at a price of $1.50. The market price of the shares on the last day of quotation with rights was $1.80.Total earnings for the year ended 31 December 20X8 was $7.6 million.What was EPS for the year?
A $1.35 B $1.36 C $1.27 D $1.06
3 .Waffle had share capital of USD7.5 million in 50c equity shares at 1 October 20X6. On 1 January 20X7 it made an issue of 4 million shares at full market price immediately followed by a 1 for 3 bonus issue.The financial statements at 30 September 20X7 showed profit for the year of USD12 million.What was EPS for the year?
A 53c B 73c C 48c D 50c
4 .Plumstead had 4 million equity shares in issue throughout the year ended 31 March 20X7. On 30 September 20X7 it made a 1 for 4 bonus issue. Profit after tax for the year ended 31 March 20X8 was $3.6 million, out of which an equity dividend of 20c per share was paid. The financial statements for the year ended 31 March 20X7 showed EPS of 70c.What is the EPS for the year ended 31 March 20X8 and the restated EPS for the year ended 31 March 20X7?
A 20X8: 72c; 20X7: 87.5c B 20X8: 52c; 20X7: 56c C 20X8: 80c; 20X7: 87.5c D 20X8: 72c; 20X7: 56c
6 .The IASB’s Conceptual Framework for Financial Reporting identifies characteristics which make financial information faithfully represent what it purports to represent.Which of the following are examples of those characteristics?1 Completeness2 Accruals3 Going concern4 Neutrality
A 1 and 2 B 2 and 4 C 2 and 3 D 1 and 4
7 .Which of the following correctly defines ‘equity’ according to the IASB's Conceptual Framework?
A Equity is a resource controlled by an entity as a result of past events and from which future economic benefits are expected to flow to the entity. B Equity is a present obligation of the entity arising from past events, the settlement of which isexpected to result in an outflow from the entity of...
8 .Which of the following statements is/are TURE?1 IFRS Interpretations Committee is a forum for the IASB to consult with the outside world.2 One of the objectives of the IFRS Foundation is to bring about convergence of national accounting standards and IFRSs.3.IFRS Foundation produces IFRSs. IFRS Foundation is overseen by the IASB.
A 1 and 3 only B 2 only C 2 and 3 only D 3 only
9 .Who issues IFRS - International Financial Reporting Standards?
A The stock exchange B The IFRS Advisory Committee C The government D The International Accounting Standards Board
