At 1 January 2020, Falmer Co had 15 million £1 equity shares in issue. On 1 April 2020, Falmer Co issued an additional 2.5 million £1 equity shares at full market value. On 1 July 2020, Falmer Co performed a 2 for 5 rights issue, at £2 per share. The market value of a Falmer Co share at 1 July 2020 was £3 per share.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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II. At 1 January 2020, Falmer Co had 15 million £1 equity shares in issue. On 1 April 2020, Falmer Co
issued an additional 2.5 million £1 equity shares at full market value. On 1 July 2020, Falmer Co
performed a 2 for 5 rights issue, at £2 per share. The market value of a Falmer Co share at 1 July
2020 was £3 per share.
Required
Transcribed Image Text:II. At 1 January 2020, Falmer Co had 15 million £1 equity shares in issue. On 1 April 2020, Falmer Co issued an additional 2.5 million £1 equity shares at full market value. On 1 July 2020, Falmer Co performed a 2 for 5 rights issue, at £2 per share. The market value of a Falmer Co share at 1 July 2020 was £3 per share. Required
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