Question
Burke Limited has the following share capital and reserves on November 30, Year 9: i (Click here to view financial data.) Required: Redraft the
Burke Limited has the following share capital and reserves on November 30, Year 9: i (Click here to view financial data.) Required: Redraft the following section of the statement of financial position on the assumption that Burke Limited made a rights issue on a 1 for 1 basis, at 1.50 per share, only 80% of which were bought by the shareholders. Equity Share capital (1 shares) Share premium Reserves (retained earnings) Total More info Equity Share capital (1 shares) 20,000 Share premium 10,000 Reserves (retained earnings) 20,000 Total 50,000 Print Done
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