The following is the summarised Balance Sheet of Otago (Bonus Offers) Ltd. The directors have decided to
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The following is the summarised Balance Sheet of Otago (Bonus Offers) Ltd.
The directors have decided to make a bonus issue of three new shares for every four already held. They wish to leave the reserves in the most flexible form.
Required
Redraft Otago (Bonus Offers) Ltd's Balance Sheet to show how it will appear following the bonus issue.
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