1. Preference share capital This is made up of preference shares and a preference share carries the right to a final dividend, which is expressed as a percentage of their par value. For example, 10% preference shares. Preference shares do not carry a right to vote and therefore no control in the company.
2. Ordinary Share capital These are the most common shares. They carry no right to a fixed
dividend but are entitled to residual value of the business during winding up, and all profits after the claim on the entire preference dividend have been paid. The more the number of ordinary
shares one holds, the higher the control of the company.
Titany answered the question on December 10, 2021 at 12:58
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Given below is the balance...(Solved)
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Date posted: December 10, 2021. Answers (1)
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5. On 30 April, the stock was valued at Sh.1, 275,000.
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Required:
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Date posted: December 10, 2021. Answers (1)
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Date posted: December 10, 2021. Answers (1)
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Date posted: December 10, 2021. Answers (1)
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A:...(Solved)
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profit sharing ration to 3:2. The capital balances are:
A: - Sh.1, 000,000
B: - Sh.1, 500,000
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Date posted: December 10, 2021. Answers (1)
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The following list of balances as at 30 September 2009 has been extracted from the books of
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Required:
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(b) Prepare a balance sheet as at 30 September 2009 which should include summaries of the
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Date posted: December 10, 2021. Answers (1)
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iii. Interest to be charged on drawings; W sh240; P sh180; H sh130
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v. Profits to be shared: W 50%; P 30%; H20%.
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vii. Capital accounts: balances b/f W sh40,000; P sh30,000; H sh18,000
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Date posted: December 10, 2021. Answers (1)
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A and B own a grocery shop. Their first financial year ended on 31 December 2002.
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Date posted: December 10, 2021. Answers (1)
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Date posted: December 10, 2021. Answers (1)
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