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  • September 21, 2016 at 2:46 am #341077
    mysteryramjad
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    Hi could you assist
    At 30th June 20×5 the capital and reserves were:
    Ordinary share of $1 each 100m
    Share Premium 80

    During the year 30 June 2006 the following took place:
    1st September 20×5 a bonus issue of shares for every two held, using the share premium account

    1st January 20×6 a fully subscribed rights issue of two ordinary shares for every five held at that date a $1.50 per share

    What would be the ballance on each account on 30 June 20×6

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