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作者: wispydog 时间: 2008-5-27 17:23
