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help please!
Bpp Revision kit – Question number 19.6 Snowdrop. i failed to understand how the answer of the proceed from issue share capital is 1280 ?
the information is given
ordinary share capital 20X5 – 3500 / 20X4- 2370What about the share premium?
We need the total cash received from the issue of the new shares. The nominal value of the new shares will increase the share capital, the extra premium will increase the share premium account.
share premium
20×4 – 150
20×5 – 300i couldn’t figure it out even with those information
please help me out
thanks
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