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Star Ltd. furnishes you the following accounting data. Particulars Paid up equity capital (in shares of Rs. 10 each) - 1,00,000 General Reserve. - 30,000 Profit and loss A/c - 10,000 Share Premium - 15,000 Capital Reserves - 25,000 Price settled per share for buy back - 22.50 Ascertain Maximum ceiling of buy back, the number of shares & total amount to be bought back.?
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Star Ltd. furnishes you the following accounting data. Particulars Pai...
To ascertain the maximum ceiling of buyback, we need to calculate the total amount available for buyback.
The total amount available for buyback can be calculated as follows:
Equity Capital: 1,00,000 shares x Rs. 10 per share = Rs. 10,00,000
General Reserve: Rs. 30,000
Profit and Loss A/c: Rs. 10,000
Share Premium: Rs. 15,000
Capital Reserves: Rs. 25,000
Total amount available for buyback = Rs. 10,00,000 + Rs. 30,000 + Rs. 10,000 + Rs. 15,000 + Rs. 25,000 = Rs. 10,80,000
Next, we need to calculate the maximum number of shares that can be bought back at the given price of Rs. 22.50 per share:
Maximum number of shares = Total amount available for buyback / Price per share
= Rs. 10,80,000 / Rs. 22.50 per share
= 48,000 shares
Therefore, the maximum ceiling of buyback is 48,000 shares.
The total amount available for buyback can be calculated as follows:
Equity Capital: 1,00,000 shares x Rs. 10 per share = Rs. 10,00,000
General Reserve: Rs. 30,000
Profit and Loss A/c: Rs. 10,000
Share Premium: Rs. 15,000
Capital Reserves: Rs. 25,000
Total amount available for buyback = Rs. 10,00,000 + Rs. 30,000 + Rs. 10,000 + Rs. 15,000 + Rs. 25,000 = Rs. 10,80,000
Next, we need to calculate the maximum number of shares that can be bought back at the given price of Rs. 22.50 per share:
Maximum number of shares = Total amount available for buyback / Price per share
= Rs. 10,80,000 / Rs. 22.50 per share
= 48,000 shares
Therefore, the maximum ceiling of buyback is 48,000 shares.
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Star Ltd. furnishes you the following accounting data. Particulars Paid up equity capital (in shares of Rs. 10 each) - 1,00,000 General Reserve. - 30,000 Profit and loss A/c - 10,000 Share Premium - 15,000 Capital Reserves - 25,000 Price settled per share for buy back - 22.50 Ascertain Maximum ceiling of buy back, the number of shares & total amount to be bought back.?
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Star Ltd. furnishes you the following accounting data. Particulars Paid up equity capital (in shares of Rs. 10 each) - 1,00,000 General Reserve. - 30,000 Profit and loss A/c - 10,000 Share Premium - 15,000 Capital Reserves - 25,000 Price settled per share for buy back - 22.50 Ascertain Maximum ceiling of buy back, the number of shares & total amount to be bought back.? 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 Star Ltd. furnishes you the following accounting data. Particulars Paid up equity capital (in shares of Rs. 10 each) - 1,00,000 General Reserve. - 30,000 Profit and loss A/c - 10,000 Share Premium - 15,000 Capital Reserves - 25,000 Price settled per share for buy back - 22.50 Ascertain Maximum ceiling of buy back, the number of shares & total amount to be bought back.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Star Ltd. furnishes you the following accounting data. Particulars Paid up equity capital (in shares of Rs. 10 each) - 1,00,000 General Reserve. - 30,000 Profit and loss A/c - 10,000 Share Premium - 15,000 Capital Reserves - 25,000 Price settled per share for buy back - 22.50 Ascertain Maximum ceiling of buy back, the number of shares & total amount to be bought back.?.
Star Ltd. furnishes you the following accounting data. Particulars Paid up equity capital (in shares of Rs. 10 each) - 1,00,000 General Reserve. - 30,000 Profit and loss A/c - 10,000 Share Premium - 15,000 Capital Reserves - 25,000 Price settled per share for buy back - 22.50 Ascertain Maximum ceiling of buy back, the number of shares & total amount to be bought back.? 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 Star Ltd. furnishes you the following accounting data. Particulars Paid up equity capital (in shares of Rs. 10 each) - 1,00,000 General Reserve. - 30,000 Profit and loss A/c - 10,000 Share Premium - 15,000 Capital Reserves - 25,000 Price settled per share for buy back - 22.50 Ascertain Maximum ceiling of buy back, the number of shares & total amount to be bought back.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Star Ltd. furnishes you the following accounting data. Particulars Paid up equity capital (in shares of Rs. 10 each) - 1,00,000 General Reserve. - 30,000 Profit and loss A/c - 10,000 Share Premium - 15,000 Capital Reserves - 25,000 Price settled per share for buy back - 22.50 Ascertain Maximum ceiling of buy back, the number of shares & total amount to be bought back.?.
Solutions for Star Ltd. furnishes you the following accounting data. Particulars Paid up equity capital (in shares of Rs. 10 each) - 1,00,000 General Reserve. - 30,000 Profit and loss A/c - 10,000 Share Premium - 15,000 Capital Reserves - 25,000 Price settled per share for buy back - 22.50 Ascertain Maximum ceiling of buy back, the number of shares & total amount to be bought back.? in English & in Hindi are available as part of our courses for B Com.
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Star Ltd. furnishes you the following accounting data. Particulars Paid up equity capital (in shares of Rs. 10 each) - 1,00,000 General Reserve. - 30,000 Profit and loss A/c - 10,000 Share Premium - 15,000 Capital Reserves - 25,000 Price settled per share for buy back - 22.50 Ascertain Maximum ceiling of buy back, the number of shares & total amount to be bought back.?, a detailed solution for Star Ltd. furnishes you the following accounting data. Particulars Paid up equity capital (in shares of Rs. 10 each) - 1,00,000 General Reserve. - 30,000 Profit and loss A/c - 10,000 Share Premium - 15,000 Capital Reserves - 25,000 Price settled per share for buy back - 22.50 Ascertain Maximum ceiling of buy back, the number of shares & total amount to be bought back.? has been provided alongside types of Star Ltd. furnishes you the following accounting data. Particulars Paid up equity capital (in shares of Rs. 10 each) - 1,00,000 General Reserve. - 30,000 Profit and loss A/c - 10,000 Share Premium - 15,000 Capital Reserves - 25,000 Price settled per share for buy back - 22.50 Ascertain Maximum ceiling of buy back, the number of shares & total amount to be bought back.? theory, EduRev gives you an
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