To raise additional finance a company offered its existing shareholders two ordinary shares of 50p each, for
Question:
To raise additional finance a company offered its existing shareholders two ordinary shares of 50p each, for every five held by them, at a discounted price of 80p each. This is known as:
(a) Bonus issue of shares
(b) Share option
(c) Rights issue of shares
(d) Scrip issue of shares
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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