16 XYZ is an Omani Joint stock company (SAOG). On 1st April 2019, the company issued 9000 shares for public subscription. The minimum number of shares which should be subscribed by the public is: ut of uestion O a. 7000 shares O b. No minimum subscription O c. 6200 shares O d. 8100 shares 17 A company was able to acquire a building, with a market value of RO 8 million, by issuing four million ordinary shares of RO1 each. When accounting for the acquisition of land and the issue of shares, how much should be credited to the Share Premium account? ut of Jestion O a. RO 6 million O b. RO 4 million C.RO 2 million d. RO 10 million 18 Company ABC has in issue 600,000 RO 1 equity shares with a current market value of RO 2.5 non 75.000 in its share premium account and RO 80,000 in its 18 ed Company ABC has in issue 600,000 RO 1 equity shares with a current market value of RO 25 each. It also has a balance of RO 75,000 in its share premium account and RO 80,000 in its bank account before such issue. It offers a rights issue of 2 for 8 shares at an offer price of RO 2.100. The offer is only taken by 70% of Shareholders. The Theoretical ex-Rights price will be out of question O a. RO 2.34 O b. RO 2.14 O C. RO 2.44 O d. RO 2.24 19 On 31st December 2017, the capital structure of a company appeared as below.Equity share capital (500,000 shares of 1 OMR per share) RO 500,000Share premium: RO 600,000During the year ended 31st July 2018, rights issue of 2 share for every 5 shares held was made by the company at face value and all the shares were taken by the shareholders. What will be the company's share capital at the end of 2018? out of question O a. Ordinary share capital RO 1,500,000; Share premium Account RO 600,000 O b. Ordinary share capital RO 1,000,000; Share premium Account RO 300,000 Oc Ordinary share capital RO 10,000,000; Share premium Account RO 262,500 d. Ordinary share capital RO 700,000; Share premium Account RO 600,000 20 A company was able to acquire a plant, with a market value of RO 20 million, by issuing ten million ordinary shares of R01 each. When accounting for the acquisition of land and the issue of shares, how much should be debited to the Share Premium account? out of uestion O a. RO 1 million O b. RO 10 million O C. RO 9 million O d. RO 3 million Finish attempt . baac3205-Midterm Examination semester 2-2020- 21)-grades- Online self-learning module Jump to