Chapter 21 - practice question

At what date was the share capital $52m and at what date was the issue at full price?

Ok, I had misplaced 31.12.2015 date. Now in their new order, it should be accounted for bonus issue but there is no amount to help us calculate the number of shares there were before $10m addition (not proportional to previous number of shares) 01.03.2015->31.07.2015 + 2:5 bonus issue 01.08.2015->31.12.2015 + $10m 31.12.2015->31.12.2015 + $52 -> not of interest because issued at end of year

If there were 52 as at the year end (and they we're NOT issued at the year end) you need to go back to the date the additional 10 were issued because ....... as a result of that issue there were then 52 in issue Think about that and come back to me if it's still no better

Now I understand it. Thank you!

You're welcome