Dannis Drinks GmbH issues 10,000 1 ordinary shares at 1.40 per share. Required: a) How much cash

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Danni’s Drinks GmbH issues 10,000 €1 ordinary shares at €1.40 per share.
Required:

a) How much cash will be raised from this share issue?

b) By how much will the ordinary share capital increase as a result of this share issue?

c) What is the total share premium arising from this share issue?

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Accounting A Smart Approach

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Authors: Mary Carey, Jane Towers Clark, Cathy Knowles

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Question Posted: May 14, 2024 05:01 AM

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Dannis Drinks GmbH issues 10,000 1 ordinary shares at 1.40 per share. Required: a) How much cash

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a The share issue will raise cash of 14000 10000 shares at ...View the full answer

Accounting A Smart Approach

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