Rights issue with options At 30 June 2021 Cellmids statement of financial position presents the following equity
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Rights issue with options At 30 June 2021 Cellmid’s statement of financial position presents the following equity
The ordinary share capital of $56 064 284 comprises 125 246 865 shares. (The number of shares has been rounded down). Figure 14.5 contains extracts from a Cellmid Limited ASX release, announcing a rights issue with options.
Required
Prepare the general journal entries to record rights issue and options transactions in figure 14.5. Assume the prospectus was fully subscribed and no options have been exercised by the end of the reporting period, 30 June 2021.
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Financial Reporting
ISBN: 9780730396413
4th Edition
Authors: Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Nee Ang, Mike Bradbury, Dean Hanlon, Noel Boys, Karyn Byrnes
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