B) Intern Co acquired 16 million ordinary shares in Vallay for RM 56 million. The issued share capital of Vallay comprised 100 million ordinary shares. Intem Co also has share options that gives it the right to acquire another 12 million ordinary shares in Vallay. If Intem Co exercises its rights, the enlarged share capital of Vallay will be 112 million shares.

B) Intern Co acquired 16 million ordinary shares in Vallay for RM 56 million. The issued share capital of Vallay comprised 100 million ordinary shares. Intem Co also has share options that gives it the right to acquire another 12 million ordinary shares in Vallay. If Intem Co exercises its rights, the enlarged share capital of Vallay will be 112 million shares.

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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