Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help asap During the year ended June 30,2022 , a company made a new issue of 800,000 ordinary shares with par of $1.50 per

image text in transcribed

need help asap

During the year ended June 30,2022 , a company made a new issue of 800,000 ordinary shares with par of $1.50 per share, collecting $1,500,000. They then made another new issue of 200,000 ordinary shares with par of $1.50 per share, collecting $350,000. As at June 30,2021 , the company's capital structure was as follows: - 2,700,000 ordinary shares of $1.50 each $4,050,000 - Share premium account - $1,250,000 What was the company's capital structure at June 30,2022 ? a. No. of ordinary shares 3,700,000; share capital $5,550,000; share premium $1,600,000 b. No. of ordinary shares 7,750,000; share capital $5,550,000; share premium $1,600,000 c. No. of ordinary shares 3,700,000; share capital $5,900,000; share premium $1,600,000 d. No. of ordinary shares - 7,750,000; share capital - $5,900,000; share premium - $1,150,000 CLEAR MY CHOICE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Called To Account Fourteen Financial Frauds That Shaped The American Accounting Profession

Authors: Paul M. Clikeman

1st Edition

0415996988, 978-0415996983

More Books

Students also viewed these Accounting questions