Langer Ltd Is to Restructure Its Owners' Equity by Making

question 24

Multiple Choice

Langer Ltd is to restructure its owners' equity by making its issued shares paid up to $0.50.It will do this by transferring half the amount from the asset revaluation reserve and the remainder from retained profits.Langer Ltd currently has 1 000 000 shares on issue paid up to $0.25.The asset revaluation reserve balance is $50 000.What is the minimum amount by which Langer Ltd must revalue upwards its non-current assets so that it can effect this transfer?

• A)$75 000
• B)$125 000
• C)$200 000
• D)$250 000

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Definitions:

Bi Disk

A circular Chinese jade artifact, used in rituals and ceremonies, dating back to the Neolithic period.

Jade

A hard, typically green stone often used in jewelry and decorative arts, especially significant in East Asian and Mesoamerican cultures.

Princess Yongtai

A Tang Dynasty princess known for her tragic early death, her tomb is celebrated for its beautifully preserved mural paintings.

Six Dynasties

A period in Chinese history (220–589 CE) known for its fragmentation into six successive dynasties in the south, coexisting with the Northern dynasties.