Company ABC has in issue 5 million, RO 1 equity shares fully paid up with a current market value of RO 3.5 each. Before such issue It has a balance of RO 100,000 in its share premium account and RO 75,000 in its bank account. It wants to raise additional capital by issue of equity shares. It decided to offer a ríghts issue of 1 for 5 shares at an offer price of RO 3 each. The offer is only taken by 60% of Shareholders. Journalize the given entries show the necessary calculations and also the abstract of Balance sheet after such issue and calculate the theoretical ex – right price for the above scenario

Company ABC has in issue 5 million, RO 1 equity shares fully paid up with a current market value of RO 3.5 each. Before such issue It has a balance of RO 100,000 in its share premium account and RO 75,000 in its bank account. It wants to raise additional capital by issue of equity shares. It decided to offer a ríghts issue of 1 for 5 shares at an offer price of RO 3 each. The offer is only taken by 60% of Shareholders. Journalize the given entries show the necessary calculations and also the abstract of Balance sheet after such issue and calculate the theoretical ex – right price for the above scenario

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

What does XBRL stand for?
3. What is the NAV?
explain the fill answer
What is OLTP and OLAP? How are they different?
i need the answer quickly
Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800
G and H are mutually exclusive events. P (G) = 0.5 P (H) = 0.3 P( H | G) = 0.6 Find P (H OR G) Are G and H independent or dependent events? why?
is thsi correct?
What is the answer to d e and f?
Sh11
RTN: What is its significance?