Answered step by step
Verified Expert Solution
Question
1 Approved Answer
URGENT ! Please i need the answer fast. Question 3 (a) The share capital of Pokoks Bhd as at 31 December 2017 consisted of 16,000,000
URGENT ! Please i need the answer fast.
Question 3
(a) The share capital of Pokoks Bhd as at 31 December 2017 consisted of 16,000,000
ordinary shares amounted to RM8,000,000.
On 1 February 2018, Pokoks Bhd consolidated two existing shares into one share.
On 28 February 2019, the company issued 8,000,000 ordinary shares at fair price for
cash and was fully paid.
On 1 January 2019, Pokoks Bhd issued 5% convertible loan stock of RM4,000,000.
These debentures may be converted into ordinary shares of 300 ordinary shares for
every RM200 debenture.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started