35 A limited company with a share capital of 500,000 ordinary shares of 1 each makes a...

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35 A limited company with a share capital of 500,000 ordinary shares of £1 each makes a rights issue on a ‘3 for 2’ basis at £3 each. What effect will this have on the total equity after all the rights have been paid for by shareholders?

(a) Share capital + £1,750,000, share premium + £1,750,000

(b) Share capital + £1,000,000, share premium + £750,000

(c) Share capital + £750,000, share premium + £1,500,000

(d) Share capital + £1,500,000, share premium no change

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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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Question Posted: Jul 02, 2024 09:04 AM

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35 A limited company with a share capital of 500,000 ordinary shares of 1 each makes a...

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Accounting And Finance For Business

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