The following is the Capital Structure of Mars Limited as on 31 March, 2025: Sl. No. Particulars Amount (₹) (I) Equity Share Capital (Face Value 10…
CA Intermediate · Advanced Accounting · RTP · September 2026
The following is the Capital Structure of Mars Limited as on 31 March, 2025: Sl. No. Particulars Amount (₹) (I) Equity Share Capital (Face Value 10 per Share) 24,00,000 (II) Reserves: General Reserve 21,60,000 Securities Premium Reserve 8,00,000 Statement of Profit and Loss 6,00,000 Development Rebate Reserve 6,40,000 Revaluation Reserve 2,00,000 (III) Loan Funds: 14% Debentures 55,00,000 Unsecured Loan (due within one year ₹ 5,00,000/-) 9,00,000 The shareholders of Mars Limited on the recommendation of the Board of Directors have approved a proposal to buy-back the maximum permissible number of shares 30/- per share. Based on the information given in the above case scenario, answer the following Question:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
(B) 51,20,000
Topics: Buyback of Securities, Preparation of Financial Statements
Related Questions in this Topic
- Asteria Ltd., a listed company with equity share capital of ₹ 6,000 lakh and free reserves of ₹ 10,000 lakh as per the l...
- Alpha Chemicals Ltd., a listed company, proposes a buy-back of 12% of its equity share capital from its free reserves un...
- The following is the extract of Balance Sheet of Yellow Limited as on 31.03.2025: Particulars ₹ 4,00,000 Equit...
- Following is the Balance Sheet of P Limited as at 31 st March, 2025: Particulars Notes ₹ (in lakhs) EQUITY AND ...
- A Ltd. had 1,50,000 shares of common stock outstanding on 1 April, 2024. Additional 50,000 shares were issued on 1 Novem...