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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.

FINANCIAL ACCOUNTING
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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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.

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