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Hi Mike
I have been working on questions for the consolidated accounts and when ever there has been shares @ 50c and you need to calculate the amount of shares purchased you take the amount of shares e.g. 600,000 and you x 2 to get 1200,000 shares
But in the mini exercise questions you have got the share figure as 300,000, please can you explain why in chapter 9 you have x by 2 but in the mini questions you have divided by 2?
Thanks your help
I’m struggling here! Can you give me page numbers from the course notes where I can find the questions that you are querying?
I don’t see 300,000 in any mini exercise nor x 2 in chapter9
Hi Mike
Sorry should have said on the last reply that chapter 9 of the notes shows Danute has 50c shares
The answer then shows that you take the shares and x 2
The mini exercise is on page 200 q3
Thanks
Because in Ausra we are given the $ value of the share capital so need to multiply by 2 to find the numbe of 50 cent shares
In number 3 we are given the number of shares so need to divide by 2 to get the $ value
Ok?
Hi Mike
Ok yes that makes scene to me now, we are usual given the $ amount so we are to work out the number of shares, but in q3 we have been given the number of shares
Thanks so much for your help
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