Question Gladstone Ltd had the following equity at 30 June 2022 400… QuestionGladstone Ltd had the following equity at 30 June 2022400 000 ordinary ‘A’

Question Gladstone Ltd had the following equity at 30 June 2022 400… QuestionGladstone Ltd had the following equity at 30 June 2022400 000 ordinary ‘A’ shares issued at 2.00 fully paid$800 000300 000 ordinary ‘B’ shares issued at $2.00, called to $1.20  360 00050 000 6% preference shares issued at $1.50, fully paid    75 000Share options issued at 60c, fully paid    24 000Retained earnings  318 000 The options were exercisable before 28 February 2023. Each option entitled the holder to acquire two ordinary ‘C’ shares at $1.80 per share, the amount payable on notification to exercise the option.Sept 15     The preference dividend and the final ordinary dividend of 16c per fully paid share, both declared on 30       June 2022, were paid. The directors do not need any other party to authorise the payment. Nov 1       A 1-for-5 renounceable rights offer was made to ordinary ‘A’ shareholders at an issue price of $1,90 per share. The expiry date on the offer was 30 November 2022. The issue was underwritten at a commission of $3 000. Nov 30     Holders of 320 000 shares accepted the rights offer paying the required price per share, with the renounced rights being taken up by the underwriter. Ordinary ‘A’ shares were duly issued. Dec 10     Money due from the underwriter was received. Jan 10      The directors transferred $35 000 from retained earnings to a general reserve.Feb 28      As a result of options being exercised, 70 000 ordinary ‘C’ shares were issued. Unexercised options lapsed.Apr 30     The directors made a call on the ordinary ‘B’ shares for 80c per share. Call money was payable by 31 May.May 31    All call money was received except for that due on 15 000 shares.June 18    Shares on which the final call was unpaid were forfeited.      26    Forfeited shares were reissued, credited as paid to $2 for $1.80 per share, the balance of the       forfeited shares account being refundable to former shareholders.      27     Refund paid to former holders of forfeited shares.     30      Directors declared a 20c per share final dividend to be paid on 15 September 2023. Required:Prepare the equity section of the statement of financial position as at 30 June 2023 Business Accounting MBS 678 Share QuestionEmailCopy link Comments (0)

Different Harvard citation editions

The Harvard citation style, also known as the Harvard referencing system, is a widely used citation format in academic writing. Over the years, several editions of the Harvard citation style have been published, each with slight modifications and updates to the citation format. Some of the notable editions of Harvard citation style are:
Harvard AGPS (Australian Government Publishing Service) Style: This edition was first published by the Australian Government Publishing Service in 1992 and is widely used in Australia and New Zealand. It is a simplified version of the Harvard citation style and provides guidelines for in-text citations and reference lists.
Harvard Anglia Style: This edition of Harvard citation style was developed by Anglia Ruskin University in the UK. It provides guidelines for referencing a wide range of sources including books, journal articles, conference papers, websites, and more.

Harvard UoB (University of Birmingham) Style: This edition of Harvard citation style was developed by the University of Birmingham in the UK. It provides guidelines for in-text citations and reference lists, and is widely used in various academic disciplines.
Overall, each edition of the Harvard citation style may have slight variations in its guidelines and formatting, but the basic principles of citing sources remain the same across all editions.

Question Gladstone Ltd had the following equity at 30 June 2022 400…          QuestionGladstone Ltd had the following equity at 30 June 2022400 000 ordinary ‘A’ shares issued at 2.00 fully paid$800 000300 000 ordinary ‘B’ shares issued at $2.00, called to $1.20  360 00050 000 6% preference shares issued at $1.50, fully paid    75 000Share options issued at 60c, fully paid    24 000Retained earnings  318 000 The options were exercisable before 28 February 2023. Each option entitled the holder to acquire two ordinary ‘C’ shares at $1.80 per share, the amount payable on notification to exercise the option.Sept 15     The preference dividend and the final ordinary dividend of 16c per fully paid share, both declared on 30       June 2022, were paid. The directors do not need any other party to authorise the payment. Nov 1       A 1-for-5 renounceable rights offer was made to ordinary ‘A’ shareholders at an issue price of $1,90 per share. The expiry date on the offer was 30 November 2022. The issue was underwritten at a commission of $3 000. Nov 30     Holders of 320 000 shares accepted the rights offer paying the required price per share, with the renounced rights being taken up by the underwriter. Ordinary ‘A’ shares were duly issued. Dec 10     Money due from the underwriter was received. Jan 10      The directors transferred $35 000 from retained earnings to a general reserve.Feb 28      As a result of options being exercised, 70 000 ordinary ‘C’ shares were issued. Unexercised options lapsed.Apr 30     The directors made a call on the ordinary ‘B’ shares for 80c per share. Call money was payable by 31 May.May 31    All call money was received except for that due on 15 000 shares.June 18    Shares on which the final call was unpaid were forfeited.      26    Forfeited shares were reissued, credited as paid to $2 for $1.80 per share, the balance of the       forfeited shares account being refundable to former shareholders.      27     Refund paid to former holders of forfeited shares.     30      Directors declared a 20c per share final dividend to be paid on 15 September 2023. Required:Prepare the equity section of the statement of financial position as at 30 June 2023                                                            Business                                                Accounting                            MBS 678                                                                      Share QuestionEmailCopy link                              Comments (0)

Different Harvard citation editions
The Harvard citation style, also known as the Harvard referencing system, is a widely used citation format in academic writing. Over the years, several editions of the Harvard citation style have been published, each with slight modifications and updates to the citation format. Some of the notable editions of Harvard citation style are:
Harvard AGPS (Australian Government Publishing Service) Style: This edition was first published by the Australian Government Publishing Service in 1992 and is widely used in Australia and New Zealand. It is a simplified version of the Harvard citation style and provides guidelines for in-text citations and reference lists.
Harvard Anglia Style: This edition of Harvard citation style was developed by Anglia Ruskin University in the UK. It provides guidelines for referencing a wide range of sources including books, journal articles, conference papers, websites, and more.

Harvard UoB (University of Birmingham) Style: This edition of Harvard citation style was developed by the University of Birmingham in the UK. It provides guidelines for in-text citations and reference lists, and is widely used in various academic disciplines.
Overall, each edition of the Harvard citation style may have slight variations in its guidelines and formatting, but the basic principles of citing sources remain the same across all editions.

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