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Illustration 15 James leyoun mak X Co limited has the following capital structure: 400,000 ordinary shares of 50c. $ 200000 Share premium account. $70000 Retained
Illustration 15
James leyoun mak X Co limited has the following capital structure:
400,000 ordinary shares of 50c. $ 200000
Share premium account. $70000
Retained earnings. $ 230000
Shareholders' equity. $500,000
You are required to Show its capital structure following:
(a) A '1 for 2' bonus issue
(b) A rights issue of '1 for 3' at 75c following the bonus issue, assuming all rights taken up
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