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At the start of the financial year, on April 1, 2021, Bay Ltd had the following capital structure: • 11,565,000 ordinary
Posted: Mon May 02, 2022 7:18 am
by answerhappygod
- At The Start Of The Financial Year On April 1 2021 Bay Ltd Had The Following Capital Structure 11 565 000 Ordinary 1 (31.9 KiB) Viewed 31 times
At the start of the financial year, on April 1, 2021, Bay Ltd had the following capital structure: • 11,565,000 ordinary shares with a par value of $1.25 each Share premium account - $780,000 During the year, the company made a new issue of 910,000 ordinary shares with par of $1.25 per share, collecting $1,460,000. They then made another new issue of 580,000 ordinary shares with par of $1.25 per share for $1.60 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 А B 1 No. of shares Share capital (5) Share premium (5) Opening balance Issue of shares 1 Issue of shares 2 Closing balance