At 3 1 January 2 0 X 5 Watchet Ltd had issued share capital of 2

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At $31$ January $20$ X $5$ Watchet Ltd had issued share capital of $£ 250, 000$ in $25$ p shares. All shares were issued at par several years ago. During the year the following transactions took place.

$1$ May $20$ X $5 500, 000$ shares issued at $75$ p $30$ September $20$ X $5 1$ for $25$ bonus issue.

What is the balance on share premium after these transactions, assuming that share premium is used wherever possible? Calculate.

Related Book For answer-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Posted Date: Jan 24, 2024 05:40 AM

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At 3 1 January 2 0 X 5 Watchet Ltd had issued share capital of 2

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Intermediate Accounting Reporting and Analysis

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