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Sept/Dec 2020 Q1 in the answer sheet
Issue of ordinary shares during the year
Share capital & share premium b/f ( 20m+18m) =38m
Share capital & share premium c/f ( 23m+ 33.6m)= 56.6m
How to obtain 18m in b/f for share premium? Is it get from additional shares of 3m x $6 per shares = $18m????
Also, for the c/f share premium. Why is it was $33.6m, is it because[ ( 4m shares + 3m shares + 5m shares from butter) X $2.80]????
The b/f and c/f are given on the second page of the question in the list of reserves.
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