Xplc has the following share capital and reserves as at 31 Dec 2015: . 300...
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Xplc has the following share capital and reserves as at 31 Dec 2015: . 300 000 SOp ordinary shares..... 150 000 Share premium... ..20 000 Retained profit 20 000 190 000 The current market price of a share is 1.5. The directors undertake a rights issue 1 for 3 followed by bonus issue of 4 new ordinary shares for every 10 held. Calculate capital and reserves section of the balance sheet after the issues. ordinary shares Share premium Retained profit 280000 120000 20000 420000 ordinary shares Share premium Retained profit 280000 40000 20000 340000 ordinary shares Share premium Retained profit 200000 120000 20000 340000
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