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On 1 Januay 20X3 Bana plc had a balance on its share premium account of $118,000, and total issued share capital of 200,000 20p shares
On 1 Januay 20X3 Bana plc had a balance on its share premium account of $118,000, and total issued share capital of 200,000 20p shares
During the year ended 31 December 20X3 the following transactions occurred
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In January there was a 1 for 5 rights issue at par
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In July there was a bonus issue of 100,000 ordinary shares
The balance on Chisla plc's share premium account at 31 December 20X3 is:
A $98,000
B $138,000
C. $90.000
D. $110.000
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