Question
Equity: 120,000 shares at $1 each. Share premium: $22,000 The company decides to issue 1:3 shares. Nominal value is $1 and price is $2.5. How
Equity: 120,000 shares at $1 each.
Share premium: $22,000
The company decides to issue 1:3 shares. Nominal value is $1 and price is $2.5.
How many shares does the company issue? How much does the share premium increase? Does equity increase?
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Contemporary Auditing
Authors: Knapp, Rittenberg
1st Edition
1133731244, 978-1133731245
