hudson plc’s outline statement of financial position as at a particular date was as follows: £m Net assets (assets less liabilities) 72 Equity ordinary shares 40 general reserve 32 Total equity 72 The directors made a one-for-four bonus issue, immediately followed by a one-for-four rights issue at a price of £1.80 per share. Required: show the statement of financial position of hudson plc immediately following the two share issues.
hudson plc’s outline statement of financial position as at a particular date was as follows: £m Net assets (assets less liabilities) 72 Equity ordinary shares 40 general reserve 32 Total equity 72 The directors made a one-for-four bonus issue, immediately followed by a one-for-four rights issue at a price of £1.80 per share. Required: show the statement of financial position of hudson plc immediately following the two share issues.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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hudson plc’s outline
£m
Net assets (assets less liabilities) 72
Equity
ordinary shares 40
general reserve 32
Total equity 72
The directors made a one-for-four bonus issue, immediately followed by a one-for-four rights issue at a price of £1.80 per share.
Required:
show the statement of financial position of hudson plc immediately following the two share issues.
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