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value

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › value

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • January 26, 2023 at 12:21 pm #677392
    xyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    If there are equity shares of 25 cents each then when calculating the number of shares why would the share capital be multiplied by $1/25c i.e. multiplied by $1 and divided by 25c whilst the number of shares can be calculated by dividing by 25 c only. Is it correct to multiply by $1 and what is the reason for multiplying by $1

    January 26, 2023 at 8:31 pm #677416
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7222
    • ☆☆☆☆☆

    You don’t need to do the multiply by $1 as we know what the currency is. It is just being done to me mathematically correct.

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