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  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • March 16, 2021 at 6:11 am #614497
    joynow
    • Topics: 42
    • Replies: 38
    • ☆☆

    Hi, Sir.
    Sept/Dec 2020 Q1 in the answer sheet

    Working 5
    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]????

    March 16, 2021 at 3:12 pm #614527
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2529
    • ☆☆☆☆☆

    The b/f and c/f are given on the second page of the question in the list of reserves.

    Make sure you watch my debrief in the Revision Kit Live.

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