If a new company has issued 200,000 ordinary shares of 20p nominal value at a price of

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£2, what will be the values of the share capital and share premium?

(a) Share capital £40,000, Share premium £360,000

(b) Share capital £40,000, Share premium £400,000

(c) Share capital £400,000, Share premium £360,000

(d) Share capital £400,000, Share premium £40,000

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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 09:02 AM

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If a new company has issued 200,000 ordinary shares of 20p nominal value at a price of

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Accounting And Finance For Business

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