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6000 debentures of 10 each were redeemed by the issue of equity shares of 10 each at 20% premium.number of issued shares will be?
Most Upvoted Answer
6000 debentures of 10 each were redeemed by the issue of equity shares...
Calculation of the number of issued shares:
To calculate the number of issued shares, we need to consider the information given in the question. Let's break down the calculations step by step.
Step 1: Calculate the total value of debentures redeemed:
The total value of debentures redeemed can be calculated by multiplying the number of debentures by their face value.
Total value of debentures redeemed = Number of debentures × Face value
Total value of debentures redeemed = 6000 × 10 = 60000
Step 2: Calculate the premium amount:
The premium amount can be calculated by multiplying the face value of the debentures by the premium percentage.
Premium amount = Face value × Premium percentage
Premium amount = 10 × 20% = 2
Step 3: Determine the total value of the issued shares:
The total value of the issued shares can be calculated by adding the total value of debentures redeemed and the premium amount.
Total value of issued shares = Total value of debentures redeemed + Premium amount
Total value of issued shares = 60000 + 2 = 60002
Step 4: Calculate the face value of the issued shares:
The face value of the issued shares can be determined by dividing the total value of issued shares by the number of shares.
Face value of issued shares = Total value of issued shares / Face value per share
Face value of issued shares = 60002 / 10 = 6000.2
Step 5: Round off the number of issued shares:
Since shares cannot be issued in decimal places, we need to round off the number of issued shares to the nearest whole number.
Number of issued shares = Round off (Face value of issued shares)
Number of issued shares = Round off (6000.2)
Number of issued shares = 6000
Therefore, the number of issued shares will be 6000.
To calculate the number of issued shares, we need to consider the information given in the question. Let's break down the calculations step by step.
Step 1: Calculate the total value of debentures redeemed:
The total value of debentures redeemed can be calculated by multiplying the number of debentures by their face value.
Total value of debentures redeemed = Number of debentures × Face value
Total value of debentures redeemed = 6000 × 10 = 60000
Step 2: Calculate the premium amount:
The premium amount can be calculated by multiplying the face value of the debentures by the premium percentage.
Premium amount = Face value × Premium percentage
Premium amount = 10 × 20% = 2
Step 3: Determine the total value of the issued shares:
The total value of the issued shares can be calculated by adding the total value of debentures redeemed and the premium amount.
Total value of issued shares = Total value of debentures redeemed + Premium amount
Total value of issued shares = 60000 + 2 = 60002
Step 4: Calculate the face value of the issued shares:
The face value of the issued shares can be determined by dividing the total value of issued shares by the number of shares.
Face value of issued shares = Total value of issued shares / Face value per share
Face value of issued shares = 60002 / 10 = 6000.2
Step 5: Round off the number of issued shares:
Since shares cannot be issued in decimal places, we need to round off the number of issued shares to the nearest whole number.
Number of issued shares = Round off (Face value of issued shares)
Number of issued shares = Round off (6000.2)
Number of issued shares = 6000
Therefore, the number of issued shares will be 6000.
Community Answer
6000 debentures of 10 each were redeemed by the issue of equity shares...
No of issued shares= 6,000*10/12=5,000
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6000 debentures of 10 each were redeemed by the issue of equity shares of 10 each at 20% premium.number of issued shares will be?
Question Description
6000 debentures of 10 each were redeemed by the issue of equity shares of 10 each at 20% premium.number of issued shares will be? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about 6000 debentures of 10 each were redeemed by the issue of equity shares of 10 each at 20% premium.number of issued shares will be? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 6000 debentures of 10 each were redeemed by the issue of equity shares of 10 each at 20% premium.number of issued shares will be?.
6000 debentures of 10 each were redeemed by the issue of equity shares of 10 each at 20% premium.number of issued shares will be? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about 6000 debentures of 10 each were redeemed by the issue of equity shares of 10 each at 20% premium.number of issued shares will be? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 6000 debentures of 10 each were redeemed by the issue of equity shares of 10 each at 20% premium.number of issued shares will be?.
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