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Not yet answered Marked out of 1 P Flag question On 31 December 2019, the...

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Not yet answered Marked out of 1 P Flag question On 31 December 2019, the capital structure of Spectrum Company is 600,000 ordinary shares of OMR I each. In January 2020 Company made a right issue of 2 for every 3 shares at a price of OMR 1.400, whereas the market value of the share was OMR 1.600.85% of the shareholders accepted this offer. What is the total amount of share premium after the right issue? a. OMR 240,000 O b. OMR 160,000 O c. OMR 136,000 O d. OMR 204,000

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