At 30 June 2002 a company’s capital structure was as follows:
$
Ordinary share capital
500,000 shares of 25c each 125,000
Share premium account 100,000
In the year ended 30 June 2003 the company made a rights issue of 1 share for every 2 held at $1 per share and
this was taken up in full. Later in the year the company made a bonus issue of 1 share for every 5 held, using the
share premium account for the purpose.
What was the company’s capital structure at 30 June 2003?
Ordinary share capital Share premium account
$ $
A 450,000 125,000
B 225,000 250,000
C 225,000 325,000
D 212,500 262,500 B
A All rights issue proceeds added to share capital
Bonus issue 75,000
B 125,000 + 62,500 + 37,500; 100,000 + 187,500 – 37,500 (correct)
C As B, but bonus issue added to share premium
D Bonus issue does not allow for previous issue. | 
发表于 2008-4-17 18:02
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