ABC SAOG purchased a Land from XYZ estates in exchange for 75,000 shares of OMR1 par value common stock. The Land had a market value of OMR 90,000. Which of the following account will be credited for the transaction?

a.

Equity share capital account with OMR90,000

b.

Land account with OMR75,000

c.

Equity share capital account with OMR75,000

d.

Share premium account with OMR 75,000

ABC SAOG has issued 1 million equity shares OMR 0.700 per share. The company decided to make a bonus issue in the ratio of 5 for 20 shares held. How many numbers of bonus shares will be issued by the company?

a.

4,000,000

b.

1,000,000

c.

250,000

d.

175,000

PQR SAOG Company has in issue 3,000,000 OMR 1 equity shares with a current market value of RO 5 each. It offers a rights issue of 5 for 20 shares at an offer price of RO 3. Assuming that if 80% of the offer is taken by the shareholders, how many numbers of right shares will be issued by the company?

a.

1,800,000

b.

750,000

c.

600,000

d.

2,250,000