At 1 January 2006, a company’s capital structure was as follows:
$
Ordinary share capital
2,000,000 shares of 50c each 1,000,000
Share premium account 1,400,000
In January 2006 the company issued 1,000,000 shares at $1·40 each.
In September 2006 the company made a bonus issue of 1 share for every 3 held using the share premium account.
What were the balances on the company’s share capital and share premium accounts after these transactions?
Share capital Share premium
$ $
A 4,000,000 800,000
B 3,200,000 600,000
C 2,000,000 1,800,000
D 2,000,000 1,300,000 C Share capital Share premium
1,000,000 1,400,000
Issue 500,000 900,000
–––––––––– ––––––––––
1,500,000 2,300,000
Bonus 500,000 (500,000)
–––––––––– ––––––––––
2,000,000 1,800,000
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发表于 2008-4-28 16:37
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