Test Material Number 35

1. C 3,000*.05*100 = 15,000/3,000 = 5
5,000*.10*120= 60,000/5,000 = 12

2. D Contributed Capital:
3. B Preference Share Capital 116,000
Ordinary Share Capital 252,000
Preference Share Capital Subscribed 12,000 380,000
Additional Paid-in Capital:
Preference Share Premium 118,420
Ordinary Share Premium 116,550 234,970
Total Contributed Capital 614,970
Retained Earnings 38,390
Total Shareholders' Equity 653,360

4. B 400*.06*50 = 1,200

5. A 6,000 * 8 = 48,000 PSC 180,000

-48,000
OSC - 132,000

6.A 48,000/6,000 = 8 132,000/12,000 = 11

7. B Retained Earnings
Revenue 801,400
Expenses -601,100
Profit 200,300

8. B 60,000*.40*20 = 480,000

9. A 480,000/60,000 = 8

D 10. B 60,000*.10*50 = 300,000 Retained Earnings 300,000

Share Capital Dividend Distributable
PIC from Share Capital Dividend
 9 points

120,000
180,000