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  • Alpha Ltd capital reorganization and balance sheet

    Transféré par

    patrick
    49 vues2 pages
    Alpha Ltd underwent a capital reduction and reorganization which involved reducing its ordinary share capital and preference shares, reissuing some ordinary shares, and using the profit and loss account balance to reduce long-term debt. As of July 1, 2009, Alpha Ltd's balance sheet showed total assets of £225,000, including £77,000 in tangible and intangible fixed assets and £85,000 in investments, against total liabilities of £200,000, consisting of £200,000 in long-term notes payable. This resulted in total equity of £25,000, represented entirely by ordinary share capital.

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    alpha

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    Alpha Solution

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    Alpha Ltd underwent a capital reduction and reorganization which involved reducing its ordinary share capital and preference shares, reissuing some ordinary shares, and using the profit and loss account balance to reduce long-term debt. As of July 1, 2009, Alpha Ltd's balance sheet showed total assets of £225,000, including £77,000 in tangible and intangible fixed assets and £85,000 in investments, against total liabilities of £200,000, consisting of £200,000 in long-term notes payable. This resulted in total equity of £25,000, represented entirely by ordinary share capital.

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    © All Rights Reserved
    Téléchargez comme DOC, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    49 vues2 pages

    Alpha Ltd capital reorganization and balance sheet

    Transféré par

    patrick
    Alpha Ltd underwent a capital reduction and reorganization which involved reducing its ordinary share capital and preference shares, reissuing some ordinary shares, and using the profit and loss account balance to reduce long-term debt. As of July 1, 2009, Alpha Ltd's balance sheet showed total assets of £225,000, including £77,000 in tangible and intangible fixed assets and £85,000 in investments, against total liabilities of £200,000, consisting of £200,000 in long-term notes payable. This resulted in total equity of £25,000, represented entirely by ordinary share capital.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme DOC, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 2

    BMAN21020

    Alpha Ltd

    (a) Capital reduction and reorganisation account


    000 000
    7% notes 50 Ordinary shares 75
    Ordinary shares reissue 15 Ordinary shares 15
    Profit and loss account 177 Preference shares 250
    Shares in subsidiary company 55 Freehold property 14
    Plant 57 ___
    354 354

    (b) Balance sheet as on 1 July 2009


    000 000
    Fixed assets
    Tangible assets
    Freehold property 55
    Plant 22
    77
    Investment
    Shares in subsidiary company 45
    Loans 40 85
    162
    Current assets
    Inventory 132
    Trade receivables 106
    Bank 107
    345
    Current Liabilities
    Trade payables 282
    Net current assets 63
    225
    Payables: Amounts falling due after one year
    7% notes 200
    Total assets less liabilities 25

    Ordinary share capital 25

    Ordinary share capital


    000 000
    Capital reduction 75 Balance b/f 75
    Capital reduction 15 Bank 25
    Balance c/f 25 Reissue 15
    115 115
    Balance 25

    Bank
    000 000
    OSC 25 Balance b/f 58
    7% notes 150 Shares in sub. 10
    ___ Balance c/f 107
    175 175
    Balance b/f 107

    Page 1 of 2
    BMAN21020

    7% notes
    000 000
    Balance c/f 200 Bank 150
    ___ Capital reduction 50
    200 200
    Balance b/f 200

    Page 2 of 2

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