F6 1985 pool issues

Home Forums ACCA Forum F6 Taxation Forums F6 1985 pool issues

This topic contains 1 reply, has 2 voices, and was last updated by avatar tick_tock 2 years, 5 months ago. This post has been viewed 25 times

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts

  • Avatar of nekoutboma
    nekoutboma
    Participant
    • Topics: 9
    • Replies: 6

    In bpp page 275, how is the number of shares apportioned when the new company takes over? I see 25000 shares at 4 per share and 50000 shares at 1 per share, hoe is this gotten? I’ve tried reading the litterature just before the example and still do not get it. Thanks for helping me!


    avatar
    tick_tock
    Participant
    • Topics: 4
    • Replies: 20

    The information is given to you in the question.

    J Ltd holds 25,000 shares in G Ltd. Following the takeover, J Ltd receives one ordinary share and two preference shares in K plc for each share held in G Ltd.

    The market value of the ordinary shares and preference shares is also given to you in the question.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.