I would like a clear set up answer for this please. And within 30min please...
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I would like a clear set up answer for this please. And within 30min please
Tara Ltd is a listed company. They currently have 2,000,000 shares outstanding on the Australian Stock Exchange They have decided to raise an additional $20,000,000 through an institutional placement. Initially: Price per share - $2, with half paid on application, balance to be paid when called sometime in the future. One month later: Payment of the balance announced by the company. 2% of the shareholders forfeited their shares. Required: 1) Record the above transactions (ignore dates) (13 marks) 2) State the dollar value that will be refunded to shareholders who forfeited their shares, give a brief reason as to why you have stated that amount (2 marks) Type your answer in the space provided. Label each part clearly
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