At 30 June 20X5 the capital and reserves of Meredith, a limited liability company, were: Share capital                                                     $m Ordinary shares of $1 each                               100 Share premium account                                      80 During the year ended 30 June 2006, the following transactions took place: 1 September 20X5: A bonus issue of one ordinary share for every two held, using the share premium account. 1 January 20X6 : A fully subscribed rights issue of two ordinary shares for every five held at that date, at $1.50 per share.   What would the balances on each account be at 30 June 20X6?     a.   Share Capital ($m) : 240 Share Premium ($m): 30   b.   Share Capital ($m) : 210 Share Premium ($m): 60   c.   Share Capital ($m) : 240 Share Premium ($m): 80   d. Share Capital ($m) : 210 Share Premium ($m): 110 Clear my choice

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.