# Accounting Paper 1, November 2024, question 3.5.3

> Calculate the total amount that Grant Waters paid for the shares he received... Marked mark by mark. Q3.5.3, Accounting Paper 1 November 2024, 4 marks.

Canonical: https://sharpkop.co.za/accounting/2024-nov-p1/q3-5-3/
Last updated: 2026-11-12

Subject: Accounting. Source: Based on Nov 2024 · Paper 1 · Q3.5.3. Marks: 4. Not yet checked by a teacher.

## Question 3.5.3 (4 marks)

Rights issue and shareholding:
Shares in issue on 1 March 2023: 2 000 000
Shares owned by Grant Waters on 1 March 2023: 900 000
On 31 October 2023 every shareholder was offered 1 new share for every 4 shares already owned, at a reduced price.
All shareholders accepted the offer.
The company raised R1 750 000 in total from this rights issue.

Calculate the total amount that Grant Waters paid for the shares he received through the rights issue. No shares were repurchased during the financial year.

## Practise it

[Answer this question](https://sharpkop.co.za/accounting/2024-nov-p1/q3-5-3/) and see it marked mark by mark, with the reason for every lost mark.

## Related

- [More companies, share capital and equity questions](https://sharpkop.co.za/accounting/companies-equity/)
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