CONSOLIDATION - SIMPLE GROUP

Was there not a rights (or bonus, I forget!) issue? Maybe a 1 for 5? If not, post again and I'll dig out a copy of the question. It's a bit awkward answering these from an iPad!

I have not seen any information on bonus shares in the question.

20,000 shares were issued as part of the cost of acquisition

Thank you sir for pointing out. I suppose the Calculation is thus: 75% of Danute 50c Shares (40,000) = 30,000 50c shares devided by 3 = 10,000 50c shares issued which is equivalent to 20,000 $1 equity shares. Is this correct?

I'm not sure how you take the giant leap that says "10,000 50c shares is the equivalent of 20,000 $1 shares" That seems illogical to me. Do you want to look at it again and see if that really is what you wanted to say?

Sorry, that is a costly statement. The deduction by me is not realistic. I still can not deduce how the additional 20,000 shares came about.

Because we issued them as part of the purchase / acquisition cost of acquiring Danute Look at the F7 (yes, F7) mini exercises towards the end of the free downloadable course notes on this site. I think, from memory, that exercise 10 in those mini exercises has something like 14 different past F7 acquisition quickie questions. Practice those until you can deal with a similar situation without any thought - practice until it becomes automatic Ok?

Thank you sir, I will do that.

You're welcome