price per share

This topic has 6 replies, 2 voices, and was last updated 7 years ago by John Moffat.

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March 25, 2019 at 6:55 pm #510411
vene
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Hello Sir, plz clarify the ans in the 2016 CBE mock exam section A #1.

The $2m don’t get where that came from. The share capital is $1m. Please explain.
March 25, 2019 at 8:27 pm #510423
John Moffat
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Please make it clear which exam you are referring to.

Are you referring to the exams on the ACCA website (in which case do you mean September 2016 or December 2016) or are you referring to an exam in your Revision Kit (in which case, is it BPP or Kaplan)?
March 26, 2019 at 12:05 am #510437
vene
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Oh my apologies, Ots the BPP revision kit, Sept 2016
March 26, 2019 at 12:09 am #510438
vene
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BPP revision kit for Sep ,Dec 2017 and Mar ,June 2018 exams
March 26, 2019 at 7:53 am #510454
John Moffat
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The share capital is $1M, but the shares have a nominal value of $0.50 each.

Therefore the number of shares in issue is $1M / $0.50 = 2 million.
March 27, 2019 at 2:21 pm #510598
vene
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My goodness, Thank you!

Don’t know what I was thinking. I am sure I calculated that to double check but got some crazy fig and went ballistic.

My apologies
March 27, 2019 at 4:41 pm #510613
John Moffat
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No problem 🙂
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