Ordinary Share capital (50,000 shares in issue) 73,329,000   On 1 July 2019, Beccam Bhd made a rights issue of 1 for every 5 shares held to date, to existing ordinary shareholders at RM1.50 per share. At that date, the market price was RM2.10 per share No record was made of this rights issue.   show the journal entry

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A:

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.