plz solve!! ABC SAOG declared a 3 for 2 bonus issue.The following is the abstract of SOFP before thebonus issue:• Share capital consisting of ordinary shares of RO0.500 each, RO 2,000,000Share Premium Account RO 1,000,000• Revaluation Reserve RO 1,500,000• General Reserve RO 800,000Retained Profits RO 5,000,000The Company's policy for the purpose of accountingfor bonus issue is not to use revaluation reservewhereas retained profits should only be used if otherreserves are exhausted.State the journal entries required to accountfor the above transactions and prepare extractof the SOFP after bonus issue.

ABC SAOG declared a 3 for 2 bonus issue. The following is the abstract of SOFP before the bonus issue: • Share capital consisting of ordinary shares of RO 0.500 each, RO 2,000,000 • Share Premium Account RO 1,000,000 • Revaluation Reserve RO 1,500,000 General Reserve RO 800,000 Retained Profits RO 5,000,00o

ABC SAOG declared a 3 for 2 bonus issue. The following is the abstract of SOFP before the bonus issue: • Share capital consisting of ordinary shares of RO 0.500 each, RO 2,000,000 • Share Premium Account RO 1,000,000 • Revaluation Reserve RO 1,500,000 General Reserve RO 800,000 Retained Profits RO 5,000,00o

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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