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Q205 BPP KIT No of share

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Q205 BPP KIT No of share

Viewing 3 posts - 1 through 3 (of 3 total)
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  • February 14, 2021 at 1:54 am #610294
    phuongmore
    Participant
    • Topics: 130
    • Replies: 128
    • ☆☆☆

    Hi, A is a listed company with 4ml 50c ordinary share on issue.The answer is number of share is 4ml, not (4ml:50c).Please help me to explain why.Thank you

    February 18, 2021 at 7:30 am #610818
    mainai92
    Participant
    • Topics: 11
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    • ☆

    this is 4mil shares of 50c, not $4m

    February 19, 2021 at 8:29 pm #611012
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7082
    • ☆☆☆☆☆

    Correct. It is saying that there are 4 million in issue, each with a par value of 50 cents. On the SFP you would see this in equity shares as $2 million (4 million x $0.5).

    Thanks

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