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Hudson plcs outline statement of financial position as at a particular date was as follows: m Net assets (assets less liabilities) 72 Equity 1 ordinary
Hudson plcs outline statement of financial position as at a particular date was as follows:
m | |
---|---|
Net assets (assets less liabilities) | 72 |
Equity | |
1 ordinary shares | 40 |
General reserve | 32 |
Total equity | 72 |
The directors made a one-for-four bonus issue, immediately followed by a one-for-four rights issue at a price of 1.80 per share.
Required:
Show the statement of financial position of Hudson plc immediately following the two share issues.
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