Al Bayan company's profit after tax for the year 31st December 2018 was RO 500,000. The comparative figure for the year 31st December 2017 was RO 100,000. The company's issued share capital on 1st January 2016 consisted of 20,000 ordinary shares. No shares were issued during the year 2017 but al for 5 rights issue was made on 1st July 2018 at RO 0.700 per share and this was fully subscribed. The market value of the company's shares just before the rights issue was RO 1.700 per share. Calculate the total market value of shares. OMR 2,800 None of the listed choices OMR 36,800 OMR 34,000

Al Bayan company's profit after tax for the year 31st December 2018 was RO 500,000. The comparative figure for the year 31st December 2017 was RO 100,000. The company's issued share capital on 1st January 2016 consisted of 20,000 ordinary shares. No shares were issued during the year 2017 but al for 5 rights issue was made on 1st July 2018 at RO 0.700 per share and this was fully subscribed. The market value of the company's shares just before the rights issue was RO 1.700 per share. Calculate the total market value of shares. OMR 2,800 None of the listed choices OMR 36,800 OMR 34,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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