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ACFI 2012 Major Assignment S2 2017
Question 1 Solution
Ordinary A Shares
Shares
Applied
Shares
Allotted
Cash $
Rec’d
$2.50
Applicat’n
$1.50
Allot
$1.20
Call 1
$0.8
Call 2
Refund
100,000
90,000
600,000
225,000
135,000
108,000
72,000
60,000
200,000
180,000
800,000
450,000
270,000
80,000
–
–
180,000
162,000
450,000
405,000
45,000
–
–
–
480,000
432,000
1,850,000
1,080,000
450,000
188,000
72,000
60,000
Ordinary B Shares
Shares
Applied
Shares
Allotted
Cash $
Rec’d
$2.00
Applicat’n
$1.00
Allot
Refund
250,000
200,000
750,000
400,000
200,000
150,000
Date (1/1/2017 – 28/2/2017) or 28/2/2017 is acceptable.
Dr Bank Trust 2,600,000
Cr Application – A Ord 1,850,000
Cr Application – B Ord 750,000
28/3/2017
Dr Application –A ord 1,080,000
Dr Application –B ord 400,000
Dr Allotment – A ord 648,000
Dr Allotment – B ord 200,000
Cr Share Capital – A ordinary 1,728,000
Cr Share Capital – B ordinary 600,000
Dr Application – A ord 710,000
Dr Application – B ord 200,000
Cr Allotment – A ord 450,000
Cr Allotment – B ord 200,000
