Qualification > Queries

Anyone have CIE Accounting A2 exams this june?

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sabbath_92:
I kind of need some clarifications with a few MCQ past paper questions. I'll sort them and post all of them here if I get any replies.

~ A.F ~:
Shoshou Mony (administrator) is..

sabbath_92:
This is one of the firsts:

A company has in issue 200 000 redeemable preference shares of $1 each. These were issued many years ago at a premium of 8%
It now proposes to redeem all the preference shares at a premium of 10%, partly financed by a cash issue of 50 000 new ordinary shares at $2 each, at a price of $ 3.50
How much will the transfer to the capital redemption reseve fund be?

immortal:
A capital redemption reseve will b created for $ 100,000    (200000-50000*2)

The share premium A/C will b increased by $ 55,000    (75000-20000)

Monica:
I am here for help. Post the paper and question also please.

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