Hudson plcs outline statement of financial position as at a particular date was as follows: .....................................................................m Net

Question:

Hudson plc’s outline statement of financial position as at a particular date was as follows:
.....................................................................£m
Net assets (assets less liabilities) .............72
Equity
£1 ordinary shares ....................................40
General reserve .........................................32
Total equity ................................................72

The directors made a one-for-four bonus issue, immediately followed by a one-for-four rights issue at a price of £1.80 per share.


Required:
Show the statement of financial position of Hudson plc immediately following the two share issues.

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Related Book For  book-img-for-question

Accounting and Finance An Introduction

ISBN: 978-1292088297

8th edition

Authors: Peter Atrill, Eddie McLaney

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