sol to exer 5-2_5-3_5-4_5-5_5-6_5-7_5-8_5-9 n problem solving

8/19/2019 sol to exer 5-2_5-3_5-4_5-5_5-6_5-7_5-8_5-9 n problem solving

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SOLUTION TO EXERCISE 5-2 IDENTIFICATION

1. Preference Share

2. Article !f Inc!r"!rati!n

#. $!ar% !f Direct!r

&. 'atere% t!c( !r hare

5. $)-La*+. Pre-e,"tie Riht

/. Par 0ale

. Ath!ri3e% Ca"ital St!c(

4. Trear) Share !r St!c(

1. N! Par an% N! State% 0ale Share !r St!c(


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SOLUTION TO EXERCISE 5-# TRUE OR FALSE

1. Fale O*ner !f t!c( c!"!rati!n are calle% hareh!l%er !r t!c(h!l%e

6e,7er are f!r n!n-t!c( c!r"!rati!n.

2. Tre

#. Tre

&. Tre

5. Fale The ,anner !f electin the 7!ar% !f %irect!r i f!n% in the $)-L

+. Tre

/. Fale An entr) i ,a%e n%er the 8!rnal-entr) ,eth!%.

It i in ,e,!ran%, entr) ,eth!% that n! f!r,al 8!rnal entr) i

. Tre

4. Fale The "!*er an% retricti!n c!nferre% 7) the !ern,ent "!n t

c!r"!rati!n i f!n% in the Article !f Inc!r"!rati!n.

1. Fale The ale !f a n! "ar ale hare i tate% in the article !f inc!ran% n!t !n the t!c( certi9cate.


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r.

a*

,a%e.

e

"!rati!n !nl)


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SOLUTION TO EXERCISE 5-&. ISSUANCE OF S:ARE CAPITAL AT PAR 0ALUE

Date Acc!nt Title De7it

;l 15 6E6O ENTR<

Ath!ri3e% t! ie 5= hare at P1 "ar

ale.

S7cri"ti!n Receia7le-Share Ca"ital 1=25=

S7cri7e% Share Ca"ital

T! rec!r% 12=5 hare 7cri7e% 7) 9e >5?

inc!r"!rat!r at P1. "ar ale.

Cah #12=5

S7cri"ti!n Receia7le-Share Ca"ital

T! rec!r% 25@ "a),ent !f 9e >5? inc!r"!rat!r

!f their 7cri"ti!n.

A 1 S7cri"ti!n Receia7le-Share Ca"ital 1==


T! rec!r% 6. Elcee 7cri"ti!n !f 1=

hare at "ar.

1& Cah 2=

Share Ca"ital

T! rec!r% iance !f 2 hare at "ar f!r cah.

Se"t 15 Cah 1==


T! rec!r% c!llecti!n in fll !f the A 1

7cri"ti!n !f 6. Elcee.

S7cri7e% Share Ca"ital 1==

Share Ca"ital

T! rec!r% iance !f 1= hare at "art t!

6. Elcee.

Se"t 22 Lan% 5=

Share Ca"ital

T! rec!r% iance !f 5= hare at "ar t!

6. 6arie7ic in echane f!r lan% receie%

Oct #1 Orani3ati!nal C!t B E"ene 5=

Share Ca"ital

T! rec!r% 5 hare ie% at "ar t! 6. ;ina

f!r "r!,!ti!nal erice ren%ere% %rin the

f!r,ati!n !f the c!r"!rati!n.

N! 1 6erchan%ie Inent!r) &=


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Ei",ent +=

Share Ca"ital

T! rec!r% iance !f 1= hare at "ar t! 6.

A(in! in echane f!r ,erchan%ie an%

ei",ent receie%.

Dec 1 Cah 4#/=5


T! rec!r% c!llecti!n fr!, 9e >5? inc!r"!rat!r

!f the 7alance !f their 7ci"ti!n.

S7cri7e% Share Ca"ital 1=25=

Share Ca"ital

T! rec!r% iance !f 12=5 hare at "ar t! 9e

>5? inc!r"!rat!r after the) "ai% in fll their

7cri"ti!n.


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Cre%it S""!rtin C!,"tati!n

1=25= >12=5 hare P1?

>P1=25= 25@?

#12=5

1== >1= hare P1?

2= >2 hare P1?

1==

1== >1= hare P1?

5= >5= hare P1?

5= >5 hare P1?


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1= >1= hare P1?

>P1=25=-P#12=5?

4#/=5

1=25= >12=5 hare hare P1?


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SOLUTION TO EXERCISE 5-5. ISSUANCE OF S:ARE CAPITAL A$O0E PAR 0ALUE


212

;l) 1 6E6O ENTR<

Ath!ri3e% t! ie 5= hare at P1 "ar

ale.

S7cri"ti!n Receia7le-Share Ca"ital 1=25=


T! rec!r% hare 7cri7e% 7) 9e >5?

inc!r"!rat!r at 2=5 hare each at "ar.

Cah #12=5


T! rec!r% the "a),ent !f 9e >5? inc!r"!rat!r

!f 25@ !f their 7cri"ti!n.

2 Pre"ai% E"ene &=

Cah

T! rec!r% inc!r"!tati!n fee "ai% t! SEC.

# Cah 2&=

Share Ca"ital

Pre,i, !n hare iance

T! rec!r% iance !f 2 hare at P12 t!

D!,inic.

+ Cah 5+2=5


T! rec!r% "a),ent in fll !f Aatha= Pricilla an%

a)e !f the 7alance !f their 7cri"ti!n.

S7cri7e% Or%inar) Share Ca"ital /5=

Or%inar) Share Ca"ital

T! rec!r% iance !f hare t! Aatha= Pricilla

an% a)e after "a),ent !f their 7cri"ti!n

in fll.

12 S7cri"ti!n Receia7le-Share Ca"ital 1/=5


Pre,i, !n Share S7cti"ti!n

T! rec!r% 7cri"ti!n !f Dai% !f 1=5 hare

at P125.

1 Lan% &5=

Share Ca"ital

Pre,i, !n Share Iance


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T! rec!r% iance !f #= hare t! Darren in

echane f!r a "iece !f lan%.

2& Cah 1/=5


T! rec!r% "a),ent !f Dai% in fll !f hi

7cri"ti!n.

S7cri7e% Share Ca"ital 15=

Share Ca"ital

T! rec!r% iance !f 1= 5 hare at P1 "ar t!

Dai% after "a)in hi 7cri"ti!n in fll.

#1 Cah #/5=


T! rec!r% "a),ent in fll !f A,iel an% ;hn

!f their 7cri"ti!n.

S7cri7e% Share Ca"ital 5=

Share Ca"ital

T! rec!r% iance !f hare t! A,iel an% ;hn

after the) "ai% their 7cri"ti!n in fll.


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Cre%it S""!rtin C!,"tati!n

1=25= >5 2=5 hare 12=5 hare P1?

>P1=25= 25@?

#12=5

&=

2= >2 hare P1?

&= >P2&= - P2=?

># 2=5 hare P1 /5@?

5+2=5

/5= ># 2=5 hare P1?

>15 hare P125?

15= >1=5 hare P1?

#/=5 >1=5 hare P5?

#= >#= hare P1?

15= >P&5= - P#=?


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1/=5

15= >1=5 hare P1?

>2 2=5 P1 /5@?

#/5=

5= >2 2=5 hare P1?


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SOLUTION TO EXERCISE 5-+. T'O CLASSES OF S:ARES


;ne 1 6E6ORANDU6 ENTR<

Ath!ri3e% t! ie &== 4@ "reference

hare at P& "ar ale.

Ath!ri3e% t! ie% 5= !r%inar) hare at

P# "ar ale.

A 5 S7cri"ti!n Receia7le-Or%inar) 12=+=

S7cri7e% Or%inar) Share

Share Pre,i,-Or%inar)

Cah 2=52=

S7cri"ti!n Receia7le-Or%inar)

/ Cah 52=


Share Pre,i,-Or%inar)

4 S7cri"ti!n Receia7le-Preference 5=&=

S7cri7e% Preference Share

Share Pre,i,-Preference

Cah 1=

S7cri"ti!n Receia7le-Preference

Se"t 1 Cah 5=&=


S7cri7e% Or%inar) Share #=+=


5 Cah 22=5

Preference Share Ca"ital


Oct 1 Cah 2=245=


S7cri7e% Preference Share 2=&=


N! 1 Cah 2+=&




13/32

Dec 1 Cah 5=&=


S7cri7e% Or%inar) Share 4==


Cah 2=245=


S7cri7e% Preference Share &==



14/32

Cre%it

4==

#=+=

2=52=

&45=

##=

&==

+=

1=

5=&=

#=+=

2=

2=5

2=245=

2=&=

2&=

2=&


15/32

5=&=

4==

2=245=

&==


16/32

S""!rtin C!,"tati!n

>#= hare P&2?

>#= hare P#?

>P12=+=-P4==?

>P12=+= 2@?

>1+=5 hare P#2?

>1+=5 hare P#?

>12= hare P&5?

>12= hare P&?

>P5=&= 15@?

>P5=&= 15@?

>P12=+= - P2=52= P1== 5@?

>#= hare - += hare 2&= hare 5@ 12= hare P#?

>#= hare - += hare 2&= hare 5@ 12= hare P#?

>5 hare P&5?

>5 hare P&?

>P22=5 - P2=?

>P5=&= - P1= P&=54= 5@?

>P5=&= - P1= P&=54= 5@?

>12= hare - 1= hare 12= hare 5@ 51= hare P&?

>12= hare - 1= hare 12= hare 5@ 51= hare P&?

>+ hare P&&?

>+ hare P&?

>P2+=& - P2&=?


17/32

>P12=+= - P2=52= - P5=&=?

>P12=+= - P2=52= - P5=&=?

>#= hare hare P#?

>#= hare P#?

>P5=&= - P1= - P2=245=?

>12= hare P&?

>12= hare P&?


18/32

SOLUTION TO EXERCISE 5-/. T'O CLASSES OF S:ARES

a. 6ini,, 7cri"ti!n an% "ai%-" ca"ital

Preference

Ath!ri3e% n,7er !f hare 1

Par ale 10ale !f ath!ri3e% hare 1==

6lti"l) 7) 25@ ,ini,, reire,ent 25@

6ini,, 7cri7e% hare ca"ital 2=5=

6lti"l) 7) 25@ ,ini,, reire,ent 25@

6ini,, "ai% " hare ca"ital +25=

7. N,7er !f "reference hare ie%

Pai%-" "reference hare /=5=Dii%e 7) "ar ale 1

N,7er !f "reference hare ie% /5=

c. N,7er !f !r%inar) hare ie%

Pai%-" !r%inar) hare 12=5=

Dii%e 7) "ar ale 5

N,7er !f !r%inar) hare ie% 25=

%. Ie "rice !f "reference hare

Pai%-" "reference hare /=5=

Share "re,i, !n "reference hare 2+2=5

T!tal ale receie% f!r "reference hare ie% /=/+2=5

Dii%e 7) n,7er !f "reference hare ie% /5=

Ie "rice !f "reference hare 1#.5

e. Ie "rice !f !r%inar) hare

Pai%-" !r%inar) hare 12=5=Share "re,i, !n !r%inar) hare 1=/5=

T!tal ale receie% f!r !r%inar) hare ie% 1&=25=

Dii%e 7) n,7er !f !r%inar) hare ie% 25=

Ie "rice !f !r%inar) hare 5/.

f. T!tal a,!nt !f leal ca"ital

Pai% " ca"ital


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Preference hare /=5=

Or%inar) hare 12=5=

T!tal leal ca"ital 2==

. T!tal a,!nt !f c!ntri7te% ca"ital

PreferencePai%-" hare ca"ital /=5=

Share "re,i, 2+2=5

T!tal a,!nt !f c!ntri7te% ca"ital /=/+2=5


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Or%inar) T!tal

5

525== #5==

25@

+=25= =/5=

25@

1=5+2=5 2=1/=5


21/32

Or%inar) T!tal 12=5= 2==

1=/5= 2=12=5

1&=25= 22=12=5


22/32

SOLUTION TO EXERCISE 5-. TRUE OR FALSE

1. Tre

2. Fale Leal ca"ital c!ntite tate% !r "ar ale !nl).

#. Tre

&. Tre

5. Tre

+. Tre

/. Tre

. Fale The ,ar(et ale !f a hare i in%e"en%ent !f it "ar !r tate%

4. Fale Unie% hare ca"ital i cre%ite% *hen t!c( are ie% n%er t

1. Tre An) hare can 7e acire% thr!h 7cri"ti!n.


23/32

le.

he 8!rnal entr) ,eth!%.


24/32

SOLUTION TO EXERCISE 5-4. NO PAR 0ALUE S:ARES

a. Cah 5=5=

Share Ca"ital 5=5=

7. Cah 5=5=

Share Ca"ital 5==Pre,i, !n Share 5=

c. Cah 5=5=

Share Ca"ital 2=5=

Pre,i, !n Share #==


25/32

C!,"tati!n

>5= hare P11?

>5= hare P11?

>5= hare P11?

>5= hare P1?>P55= - P5=?

>5= hare P11?

>5= hare P5?

>P55= - P25=?


26/32

SOLUTION TO EXERCISE 5-&. ISSUANCE OF S:ARE CAPITAL AT PAR 0ALUE

Date Acc!nt Title

;an 1 6E6O ENTR<

Ath!ri3e% t! ie 1= !r%inar) hare

at P1 tate% ale "er hare.

Cah


1 S7cri"ti!n Receia7le-Or%inar)


Or%inar) Share Ca"ital in Ece !f State% 0ale

Cah


22Lan%

Ei",ent

6erchan%ie Inent!r)



25Cah




#Cah




27/32

De7it Cre%it

25=

25=

125=

1=

25=

#/=5

#/=5

#5=.

1=.

45=.

5=.

&5=.

/=5

/=5

1=

1=

21=.

15=.

+=.


28/32

S""!rtin C!,"tati!n

>25= hare P1?

>25= hare P1?

>1= hare P12.5?

>1= hare P1?

>P125= 2@?

>P125= 2@?

>5 hare P1?

>P#5= G P1= G P45? - P5=H

>P125= - P#/=5?

>P125= - P#/=5?

>1= hare hare P1?

>1= hare P1?

>1= hare - 25= hare - 1= - 5= hare 15= hare P1&?

>1= hare - 25= hare - 1= - 5= hare 15= hare P1?


29/32

SOLUTION TO PRO$LE6 5-1

a. A,!nt !f c!ntri7te% ca"ital

T!tal

A,!nt receie% f!r hare !l%

>&= hare P25? 1==

6ar(et ale !f ei",ent receie% f!r t!c( ie% 1=+

C!ntri7te% Ca"ital 1=1=+

7. Ath!ri3e% n,7er !f hare 12=

Le n,7er !f hare ie%

F!r cah &=

In echane !f ei",ent + &=+

N,7er !f nie% hare /4=&

SOLUTION TO PRO$LE6 5-2

A,!nt !f cah c!llecte% fr!, hare ca"ital tranacti!n

Ath!ri3e% hare ca"ital

Unie% hare ca"italIe% hare ca"ital

A%% Share Pre,i,

S7cri7e% ca"ital t!c(

Le S7cri"ti!n receia7le

Cah c!llecte% fr!, hare ca"ital tranacti!n

SOLUTION TO PRO$LE6 5-#

C!ntri7te% ca"ital a !f Dece,7er #1= 211

Preference hare= P1 "ar ale=

1= hare ath!ri3e% >+= hare P1?

Or%inar) hare= P& tate% ale "er hare=

&= hare ath!ri3e% >2&= hare P&?

Pai%-" hare


30/32

Share "re,i,

Preference hare += hare >P1+ - P1?H

Or%inar) hare >P1=2= - P4+=?

C!ntri7te% ca"ital


31/32

Par 0ale N,7er

Pre,i, 0ale Per Share !f Share

&= += 15 &=

4=+ 4= 15 +

&4=+ +4= 15 &=+

#=

12=1=

=

+=

#2= 2=

21+=

+=

4+=

1=2=


32/32

#+=

2&= 2/+=

1=24+=

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sol to exer 5-2_5-3_5-4_5-5_5-6_5-7_5-8_5-9 n problem solving