Question
please solve it ASAP with all requrements i already i posted two time but i get the different answer i am fully disappointed 2. At
please solve it ASAP with all requrements i already i posted two time but i get the different answer i am fully disappointed
2. At 31 December 2020 a companys capital structure was as follows:
- Ordinary share capital consisting of shares with face value of RO 0.500 each - RO 5,000,000
- Share Premium RO300,000
- Revaluation Reserve RO 160,000
- Capital Reserve RO 80,000
- Retained Profits RO 1,200,000
The company came up with a right issue in Jan 2021 in the ratio of 2:10 at an issue price of OMR 4, whereas the market value of shares is OMR 6.000. 20% of shareholders have rejected this offer.
In June, 2021 the company declared a bonus issue in the ratio of 1:5.
Journalize the following transactions and show the working along with the abstract of SOFP only the equity part. Also calculate the theoretical ex right price.
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