- December 3, 2015 at 8:59 am #287180
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 helpDecember 3, 2015 at 11:35 am #287217
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 chapter9December 3, 2015 at 12:30 pm #287230
Page 200 question 3
ThanksDecember 3, 2015 at 12:33 pm #287233
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
ThanksDecember 3, 2015 at 12:42 pm #287239
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?December 3, 2015 at 1:05 pm #287248
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 helpDecember 3, 2015 at 1:30 pm #287255
You’re welcome – and be prepared to be given that information in either way next week!
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