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N.5 At 31 December 20X8 the capital structure of USB company was as follow: Ordinary shares $ 100,000 shares of 500 each 50,000 200,000 preference
N.5 At 31 December 20X8 the capital structure of USB company was as follow: Ordinary shares $ 100,000 shares of 500 each 50,000 200,000 preference shares 7% of $1 each 200,000 share premium 180,000 Retained earnings 500,000 2.During 20X9 the company made a bonus issue and a rights issues as follow: Bonus issues 1 for 2(using premium a/c) Rights issues 60000 shares at 80c per shares What is the capital structure after the issues
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