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The equity of Duffy Ltd at 1.12.2022 was as follows: Share capital Share premium Revaluation reserve Retained profits 100,000 shares of 10p each 10,000 30,000
The equity of Duffy Ltd at 1.12.2022 was as follows: Share capital Share premium Revaluation reserve Retained profits 100,000 shares of 10p each 10,000 30,000 40,000 90,000 170,000 On 10.12.2022, the company made a bonus issue. 10 shares were issued for in such a way as to maximise the retained profits. The double entry reflecting this share issue is which of the following:
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