1 Without any other transactions occurring at the same time, the company made a one-for-five rights share...

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1 Without any other transactions occurring at the same time, the company made a one-for-five rights share issue at

$2 per share payable in cash (all shareholders took up their rights) and, immediately after, made a one-for-four bonus issue, at an issue price of $2.

Show the statement of financial position immediately following the bonus issue, assuming that the directors want to retain the maximum dividend payment potential for the future.

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