SlideShare a Scribd company logo
Assignment Chapter 7: Equity (Q1&Q2)
QUESTION 1 (15 MARKS: 27 MINUTES)
Following is the extract of shareholders’ equity component of Malayata Berhad on 31
December 2011.
Ordinary shares- RM5 par value, 100,000 shares authorized,
60,000 shares issued and outstanding RM300,000
Share premium- ordinary shares RM120,000
Retained earnings RM125,000
Total shareholders equity RM545,000
In year 2011, the following transactions affected its shareholders’ equity accounts.
1 January Purchased 12,500 shares of its own share at RM8 cash per share.
31 March Directors declared a 10% of share dividend. The market price of Malayata
Berhad’s share on 31 March is RM9 per share.
13 May Sold 7,500 of its treasury shares at RM9 cash per share.
30 June Sold 5,000 of it treasury shares at RM4.50 cash per share.
15 July Directors declared a RM0.80 per share cash dividend payable on 30
September .
30 September Paid the dividend declared on 15 July.
REQUIRED:
(a) Prepare journal entries to record the above transactions. Omit the explanation.
(8 Marks)
(b) Dividend payment involves three important dates. Identify and explain the importance of
these dates.
(3 Marks)
(c) Give TWO (2) reasons for issuing share dividends.
(2 Marks)
(d) Explain the difference between participating and non-participating preferred shares.
(2 Marks)

More Related Content

Viewers also liked

Tutorial 7 -_winding-up_answer
Tutorial 7 -_winding-up_answerTutorial 7 -_winding-up_answer
Tutorial 7 -_winding-up_answer
kim rae KI
 
Assignment5
Assignment5Assignment5
Assignment5
kim rae KI
 
Assignment9 chapter 8
Assignment9 chapter 8Assignment9 chapter 8
Assignment9 chapter 8
kim rae KI
 
Assignment1
Assignment1Assignment1
Assignment1
kim rae KI
 
Assignment2
Assignment2Assignment2
Assignment2
kim rae KI
 
Assignment4 -inventoryanswer
Assignment4  -inventoryanswerAssignment4  -inventoryanswer
Assignment4 -inventoryanswer
kim rae KI
 
Tutorial 3 answer
Tutorial 3 answerTutorial 3 answer
Tutorial 3 answer
kim rae KI
 
Tutorial 6 a141-_company_reconstruction
Tutorial 6 a141-_company_reconstructionTutorial 6 a141-_company_reconstruction
Tutorial 6 a141-_company_reconstruction
kim rae KI
 
Tutorial 4 eps_question
Tutorial 4 eps_questionTutorial 4 eps_question
Tutorial 4 eps_question
kim rae KI
 
Assignment3 -a_ranswer
Assignment3  -a_ranswerAssignment3  -a_ranswer
Assignment3 -a_ranswer
kim rae KI
 
Assignment8
Assignment8Assignment8
Assignment8
kim rae KI
 
Tutorial 7 a141_-_winding-up
Tutorial 7 a141_-_winding-upTutorial 7 a141_-_winding-up
Tutorial 7 a141_-_winding-up
kim rae KI
 
Sqqs1013 ch6-a122
Sqqs1013 ch6-a122Sqqs1013 ch6-a122
Sqqs1013 ch6-a122
kim rae KI
 
2011 KQA Ganesh Nayak Open Finals
2011 KQA Ganesh Nayak Open Finals2011 KQA Ganesh Nayak Open Finals
2011 KQA Ganesh Nayak Open Finals
Venkatesh Srinivasan
 
Assignment of winding up of companies
Assignment of winding up of companiesAssignment of winding up of companies
Assignment of winding up of companies
ameer ahmad
 
Tutorial 6 -_company_reconstruction_answer (1)
Tutorial 6 -_company_reconstruction_answer (1)Tutorial 6 -_company_reconstruction_answer (1)
Tutorial 6 -_company_reconstruction_answer (1)
kim rae KI
 
Bab 5
Bab 5Bab 5
Bab 5
kim rae KI
 
Linked Data Tutorial
Linked Data TutorialLinked Data Tutorial
Linked Data Tutorial
Andreas Blumauer
 

Viewers also liked (18)

Tutorial 7 -_winding-up_answer
Tutorial 7 -_winding-up_answerTutorial 7 -_winding-up_answer
Tutorial 7 -_winding-up_answer
 
Assignment5
Assignment5Assignment5
Assignment5
 
Assignment9 chapter 8
Assignment9 chapter 8Assignment9 chapter 8
Assignment9 chapter 8
 
Assignment1
Assignment1Assignment1
Assignment1
 
Assignment2
Assignment2Assignment2
Assignment2
 
Assignment4 -inventoryanswer
Assignment4  -inventoryanswerAssignment4  -inventoryanswer
Assignment4 -inventoryanswer
 
Tutorial 3 answer
Tutorial 3 answerTutorial 3 answer
Tutorial 3 answer
 
Tutorial 6 a141-_company_reconstruction
Tutorial 6 a141-_company_reconstructionTutorial 6 a141-_company_reconstruction
Tutorial 6 a141-_company_reconstruction
 
Tutorial 4 eps_question
Tutorial 4 eps_questionTutorial 4 eps_question
Tutorial 4 eps_question
 
Assignment3 -a_ranswer
Assignment3  -a_ranswerAssignment3  -a_ranswer
Assignment3 -a_ranswer
 
Assignment8
Assignment8Assignment8
Assignment8
 
Tutorial 7 a141_-_winding-up
Tutorial 7 a141_-_winding-upTutorial 7 a141_-_winding-up
Tutorial 7 a141_-_winding-up
 
Sqqs1013 ch6-a122
Sqqs1013 ch6-a122Sqqs1013 ch6-a122
Sqqs1013 ch6-a122
 
2011 KQA Ganesh Nayak Open Finals
2011 KQA Ganesh Nayak Open Finals2011 KQA Ganesh Nayak Open Finals
2011 KQA Ganesh Nayak Open Finals
 
Assignment of winding up of companies
Assignment of winding up of companiesAssignment of winding up of companies
Assignment of winding up of companies
 
Tutorial 6 -_company_reconstruction_answer (1)
Tutorial 6 -_company_reconstruction_answer (1)Tutorial 6 -_company_reconstruction_answer (1)
Tutorial 6 -_company_reconstruction_answer (1)
 
Bab 5
Bab 5Bab 5
Bab 5
 
Linked Data Tutorial
Linked Data TutorialLinked Data Tutorial
Linked Data Tutorial
 

Similar to Assignment7 chapter 6

Fujitec
FujitecFujitec
Axis Bank's Q4 net profit up 18.36% YOY; Firstcall recommends 'buy'
Axis Bank's Q4 net profit up 18.36% YOY; Firstcall recommends 'buy'Axis Bank's Q4 net profit up 18.36% YOY; Firstcall recommends 'buy'
Axis Bank's Q4 net profit up 18.36% YOY; Firstcall recommends 'buy'
IndiaNotes.com
 
Accounting 970643 paper 4 problem solving (supplementary topics) october nove...
Accounting 970643 paper 4 problem solving (supplementary topics) october nove...Accounting 970643 paper 4 problem solving (supplementary topics) october nove...
Accounting 970643 paper 4 problem solving (supplementary topics) october nove...
alproelearning
 
CF_2 UNIT1 Sums corp_val_bv,adj bv,lv,dcf
CF_2 UNIT1 Sums corp_val_bv,adj bv,lv,dcfCF_2 UNIT1 Sums corp_val_bv,adj bv,lv,dcf
CF_2 UNIT1 Sums corp_val_bv,adj bv,lv,dcf
Dr. Firdaus Khan
 
Tutorial 8 budgeting
Tutorial 8 budgetingTutorial 8 budgeting
Tutorial 8 budgeting
Mawar Beracun
 
Financial Accounting June 2012
Financial  Accounting  June 2012Financial  Accounting  June 2012
Financial Accounting June 2012
Sazzad Hossain, ITP, MBA, CSCA™
 
Accounts Class 12 project cash flow statement and ratio analysis
Accounts Class 12 project cash flow statement and ratio analysisAccounts Class 12 project cash flow statement and ratio analysis
Accounts Class 12 project cash flow statement and ratio analysis
JinendraPamecha
 
Annual report - Bajaj Auto Limited
Annual report - Bajaj Auto LimitedAnnual report - Bajaj Auto Limited
Annual report - Bajaj Auto Limited
sachinrai05
 

Similar to Assignment7 chapter 6 (8)

Fujitec
FujitecFujitec
Fujitec
 
Axis Bank's Q4 net profit up 18.36% YOY; Firstcall recommends 'buy'
Axis Bank's Q4 net profit up 18.36% YOY; Firstcall recommends 'buy'Axis Bank's Q4 net profit up 18.36% YOY; Firstcall recommends 'buy'
Axis Bank's Q4 net profit up 18.36% YOY; Firstcall recommends 'buy'
 
Accounting 970643 paper 4 problem solving (supplementary topics) october nove...
Accounting 970643 paper 4 problem solving (supplementary topics) october nove...Accounting 970643 paper 4 problem solving (supplementary topics) october nove...
Accounting 970643 paper 4 problem solving (supplementary topics) october nove...
 
CF_2 UNIT1 Sums corp_val_bv,adj bv,lv,dcf
CF_2 UNIT1 Sums corp_val_bv,adj bv,lv,dcfCF_2 UNIT1 Sums corp_val_bv,adj bv,lv,dcf
CF_2 UNIT1 Sums corp_val_bv,adj bv,lv,dcf
 
Tutorial 8 budgeting
Tutorial 8 budgetingTutorial 8 budgeting
Tutorial 8 budgeting
 
Financial Accounting June 2012
Financial  Accounting  June 2012Financial  Accounting  June 2012
Financial Accounting June 2012
 
Accounts Class 12 project cash flow statement and ratio analysis
Accounts Class 12 project cash flow statement and ratio analysisAccounts Class 12 project cash flow statement and ratio analysis
Accounts Class 12 project cash flow statement and ratio analysis
 
Annual report - Bajaj Auto Limited
Annual report - Bajaj Auto LimitedAnnual report - Bajaj Auto Limited
Annual report - Bajaj Auto Limited
 

More from kim rae KI

Bab 4
Bab 4Bab 4
Bab 4
kim rae KI
 
Bab 2
Bab 2Bab 2
Bab 2
kim rae KI
 
Bab 3
Bab 3Bab 3
Bab 3
kim rae KI
 
Bab 13
Bab 13Bab 13
Bab 13
kim rae KI
 
Bab 12
Bab 12Bab 12
Bab 12
kim rae KI
 
Bab 11
Bab 11Bab 11
Bab 11
kim rae KI
 
Bab 10
Bab 10Bab 10
Bab 10
kim rae KI
 
Bab 1 (p3)
Bab 1 (p3)Bab 1 (p3)
Bab 1 (p3)
kim rae KI
 
Bab 1 (p2)
Bab 1 (p2)Bab 1 (p2)
Bab 1 (p2)
kim rae KI
 
Bab 1 (p1)
Bab 1 (p1)Bab 1 (p1)
Bab 1 (p1)
kim rae KI
 
Equity part2
Equity part2Equity part2
Equity part2
kim rae KI
 
Equity part1
Equity part1Equity part1
Equity part1
kim rae KI
 
Current liabilities ppt
Current liabilities pptCurrent liabilities ppt
Current liabilities ppt
kim rae KI
 
Chapter4
Chapter4Chapter4
Chapter4
kim rae KI
 
Chapter3
Chapter3Chapter3
Chapter3
kim rae KI
 
Chapter2 receivable edited2013
Chapter2 receivable edited2013Chapter2 receivable edited2013
Chapter2 receivable edited2013
kim rae KI
 
Sqqs1013 ch5-a122
Sqqs1013 ch5-a122Sqqs1013 ch5-a122
Sqqs1013 ch5-a122
kim rae KI
 
Sqqs1013 ch4-a112
Sqqs1013 ch4-a112Sqqs1013 ch4-a112
Sqqs1013 ch4-a112
kim rae KI
 
Sqqs1013 ch3-a112
Sqqs1013 ch3-a112Sqqs1013 ch3-a112
Sqqs1013 ch3-a112
kim rae KI
 
Sqqs1013 ch2-a122
Sqqs1013 ch2-a122Sqqs1013 ch2-a122
Sqqs1013 ch2-a122
kim rae KI
 

More from kim rae KI (20)

Bab 4
Bab 4Bab 4
Bab 4
 
Bab 2
Bab 2Bab 2
Bab 2
 
Bab 3
Bab 3Bab 3
Bab 3
 
Bab 13
Bab 13Bab 13
Bab 13
 
Bab 12
Bab 12Bab 12
Bab 12
 
Bab 11
Bab 11Bab 11
Bab 11
 
Bab 10
Bab 10Bab 10
Bab 10
 
Bab 1 (p3)
Bab 1 (p3)Bab 1 (p3)
Bab 1 (p3)
 
Bab 1 (p2)
Bab 1 (p2)Bab 1 (p2)
Bab 1 (p2)
 
Bab 1 (p1)
Bab 1 (p1)Bab 1 (p1)
Bab 1 (p1)
 
Equity part2
Equity part2Equity part2
Equity part2
 
Equity part1
Equity part1Equity part1
Equity part1
 
Current liabilities ppt
Current liabilities pptCurrent liabilities ppt
Current liabilities ppt
 
Chapter4
Chapter4Chapter4
Chapter4
 
Chapter3
Chapter3Chapter3
Chapter3
 
Chapter2 receivable edited2013
Chapter2 receivable edited2013Chapter2 receivable edited2013
Chapter2 receivable edited2013
 
Sqqs1013 ch5-a122
Sqqs1013 ch5-a122Sqqs1013 ch5-a122
Sqqs1013 ch5-a122
 
Sqqs1013 ch4-a112
Sqqs1013 ch4-a112Sqqs1013 ch4-a112
Sqqs1013 ch4-a112
 
Sqqs1013 ch3-a112
Sqqs1013 ch3-a112Sqqs1013 ch3-a112
Sqqs1013 ch3-a112
 
Sqqs1013 ch2-a122
Sqqs1013 ch2-a122Sqqs1013 ch2-a122
Sqqs1013 ch2-a122
 

Recently uploaded

Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityNatural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Akanksha trivedi rama nursing college kanpur.
 
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdfWalmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
TechSoup
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
Scholarhat
 
Hindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdfHindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdf
Dr. Mulla Adam Ali
 
The basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptxThe basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptx
heathfieldcps1
 
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptxC1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
mulvey2
 
Advanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docxAdvanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docx
adhitya5119
 
Cognitive Development Adolescence Psychology
Cognitive Development Adolescence PsychologyCognitive Development Adolescence Psychology
Cognitive Development Adolescence Psychology
paigestewart1632
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
Nguyen Thanh Tu Collection
 
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Mohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Excellence Foundation for South Sudan
 
MARY JANE WILSON, A “BOA MÃE” .
MARY JANE WILSON, A “BOA MÃE”           .MARY JANE WILSON, A “BOA MÃE”           .
MARY JANE WILSON, A “BOA MÃE” .
Colégio Santa Teresinha
 
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRMHow to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
Celine George
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
Priyankaranawat4
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
PECB
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
GeorgeMilliken2
 
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdfবাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
eBook.com.bd (প্রয়োজনীয় বাংলা বই)
 
How to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP ModuleHow to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP Module
Celine George
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
RAHUL
 
clinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdfclinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdf
Priyankaranawat4
 

Recently uploaded (20)

Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityNatural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
 
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdfWalmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
 
Hindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdfHindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdf
 
The basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptxThe basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptx
 
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptxC1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
 
Advanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docxAdvanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docx
 
Cognitive Development Adolescence Psychology
Cognitive Development Adolescence PsychologyCognitive Development Adolescence Psychology
Cognitive Development Adolescence Psychology
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
 
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
 
MARY JANE WILSON, A “BOA MÃE” .
MARY JANE WILSON, A “BOA MÃE”           .MARY JANE WILSON, A “BOA MÃE”           .
MARY JANE WILSON, A “BOA MÃE” .
 
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRMHow to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
 
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdfবাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
 
How to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP ModuleHow to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP Module
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
 
clinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdfclinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdf
 

Assignment7 chapter 6

  • 1. Assignment Chapter 7: Equity (Q1&Q2) QUESTION 1 (15 MARKS: 27 MINUTES) Following is the extract of shareholders’ equity component of Malayata Berhad on 31 December 2011. Ordinary shares- RM5 par value, 100,000 shares authorized, 60,000 shares issued and outstanding RM300,000 Share premium- ordinary shares RM120,000 Retained earnings RM125,000 Total shareholders equity RM545,000 In year 2011, the following transactions affected its shareholders’ equity accounts. 1 January Purchased 12,500 shares of its own share at RM8 cash per share. 31 March Directors declared a 10% of share dividend. The market price of Malayata Berhad’s share on 31 March is RM9 per share. 13 May Sold 7,500 of its treasury shares at RM9 cash per share. 30 June Sold 5,000 of it treasury shares at RM4.50 cash per share. 15 July Directors declared a RM0.80 per share cash dividend payable on 30 September . 30 September Paid the dividend declared on 15 July. REQUIRED: (a) Prepare journal entries to record the above transactions. Omit the explanation. (8 Marks) (b) Dividend payment involves three important dates. Identify and explain the importance of these dates. (3 Marks) (c) Give TWO (2) reasons for issuing share dividends. (2 Marks) (d) Explain the difference between participating and non-participating preferred shares. (2 Marks)