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Net assets 900,000 Ordinary share capital 400,000
(400,000 shares of £1 each fully paid)
Share Premium 100,000
Revaluation reserve 200,000
Revenue reserves 200,000
900,000 900,000The directors of the company have decided to make a bonus issue on a one-for-two basis, followed immediately by a rights issue on a one-for-four basis, at a premium of 60p.
You are required to prepare a balance sheet after the above share issues have taken place and to explain the changes that have occurred in the reserves of the company. Assume the company wishes to retain the maximum dividend payment potential.HOW TO SOLVE THIS QUESTION PLEASE EXPLAIN ME I REALLY CANT UNDERSTAND ONE FOR TWO BASIS AND ONE FOR FOUR BASIS…
PLEASE EXPLAIN MEYou have indeed asked this question many times, and I have replied immediately many times – please stop repeating the same question!!
You must learn how to use these forums. The answers appear in the same thread as the original question.
Any more repeats of this same question will be deleted.
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