1.The authorized capital of M Ltd. consists of both cumulative preference shares and equity
shares. Each 5% cumulative preference share has a par value Rs.100. Each equity share
has a par value Rs.10. During the year April 01, 2005 to March 31, 2006, the cumulative
preference share capital balance was Rs.2,00,000 and the equity share capital balance was
Rs.5,00,000.
If dividend declarations totalled Rs.8,000 and Rs.15,000 in the year 2004-05 and 2005-06
respectively, the dividends allocated to the equity share holders in the year 2005-06 = ?
2.T Ltd. proposed to issue 6,000 equity shares of Rs.100 each at a premium of 40%. The
minimum amount of application money to be collected per share = ?
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CAclubindia
