18 Equity Accounts The equity accounts for ABC plc are as follows: Ordinary shares, 2 par value...
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18 Equity Accounts The equity accounts for ABC plc are as follows:
Ordinary shares, £2 par value 500 shares outstanding ?
Capital surplus 250,000 Retained earnings 750,000 Total ?
(a) What are the ordinary share and total equity values for the equity account?
(b) The company has decided to issue 5,000 shares of equity at a price of £30 per share. Show the effects of the new issue on the equity accounts.
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