[danial111]

Hi , would you be able to assist me with the following question please

A company’s share capital consists of 150000 ordinary shares of $0.50 each.
It makes a right issue of 1 ordinary share for every 3 already held at $1.20 per share.
It then makes a bonus issue of 1 share for every 5 held.
Which amount will be shown in the balance sheet for share capital.

Any help will be appreciated
Thanks…..

[Author]

Posts