Question 3 Not yet answered Marked out of 0.50 Flag question XYZ SAOG has in issue 5 million, RO 1 equity share. The company decided to make a bonus issue in the ratio of 2 for 5 shares held. Prior to issue of bonus the company had Share premium of OMR 2,500,000. Which of the following journal entry is correct in respect of issuing bonus shares? O a. Debit Share capital OMR 7,000,000 Credit Share premium OMR 7,000,000 O b. Debit Share capital OMR 2,500,000 Credit Share premium OMR 2,500,000 Oc Debit Share premium OMR 2,000,000 Credit Share Capital OMR 2,000,000 Od. Debit Share premium OMR 500,000 Credit Share Capital OMR 500,000 // Question 7 Not yet answered Marked out of 0.50 Flag question PQR SAOG Company has in issue 3,000,000 OMR 1 equity shares with a current market value of RO 5 each. It offers a rights issue of 5 for 20 shares at an offer price of RO 3. Assuming that if 80% of the offer is taken by the shareholders, how many numbers of right shares will be issued by the company? O a. 2,250,000 Ob. 1.800.000 OC 600,000 O d. 750,000 3: //