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Hi, I am trying to do this question but can’t get the write answer.
At june 2006 a company’s capital structure included the followig items:
500,000 ordinary shares (50c par) $250.000
Share premium account $80,000In the year ended 30 June 2007 the company made a rights issue of 1 share for every 5 held at $1.2 per share and this was taken up in full. LAtes in the year the company made a bonus issue of 1 share for every 5 held , using the share premium account for the purpose.
what was the company’s capital structure at 30 June 2007?
If you watch my free lectures on this then I work through a very similar example.
When you have watched the lecture, then if you still have problems with this question then say which part of it is giving you a problem. (The answer in your book presumably has the workings also)
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