On 10 November 2021, Circle plc was taken over by Square plc. Shareholders in Circle plc received three £1 ordinary shares in Square pic for every two £1 ordinary shares in Circle plc. Immediately after the takeover, Square plc's £1 ordinary shares were quoted at £5. Identify, by clicking on the relevant boxes in the table, the total number and base cost of Maria's holding of £1 ordinary shares in Square plc immediately after the takeover for cas gains tax purposes. Number of shares 9,000 4,000 6,000 18,000 Base cost after takeover £20,000 £36,000 £45,000 £54,000

On 10 November 2021, Circle plc was taken over by Square plc. Shareholders in Circle plc received three £1 ordinary shares in Square pic for every two £1 ordinary shares in Circle plc. Immediately after the takeover, Square plc's £1 ordinary shares were quoted at £5. Identify, by clicking on the relevant boxes in the table, the total number and base cost of Maria's holding of £1 ordinary shares in Square plc immediately after the takeover for cas gains tax purposes. Number of shares 9,000 4,000 6,000 18,000 Base cost after takeover £20,000 £36,000 £45,000 £54,000

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter15: Investments And Fair Value Accounting

Section: Chapter Questions

Problem 28E

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