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At the start of the financial year, on April 1, 2021. Hay Ltd had the following capital structure: 12.915,000 ordinary s
Posted: Mon May 02, 2022 7:17 am
by answerhappygod
- At The Start Of The Financial Year On April 1 2021 Hay Ltd Had The Following Capital Structure 12 915 000 Ordinary S 1 (40.5 KiB) Viewed 35 times
At the start of the financial year, on April 1, 2021. Hay Ltd had the following capital structure: 12.915,000 ordinary shares with a par value of $1.40 each Share premium account - $630,000 During the year, the company made a new issue of 760,000 ordinary shares with par of $1.40 per share, collecting $1.240,000. They then made another new issue of 490,000 ordinary shares with par of $1.40 per share for $155 each. Complete the table below showing the company's equity balances before and after accounting for both issues of the shares. Recommended time: 15 minutes В І % 3 III EE No. of shares Share capital (5) Share premium ($) 630,000 Opening balance Issue of shares 1 sue of shares 2 Closing balance