Hello John, If a company issues 1000 ordinary shares and no issue price is provided, how is value established and included in the Statement of Financial Position?
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Ordinary Shares.
3y ago#1The amount shown as share capital on the SOFP is always the nominal value (regardless of the price at which they are issued).
I do explain the entries for an issue of shares in my free lectures on limited companies. The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
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