At 1 January 2000 the capital structure of Q, a limited liability company, was as follows:...

 

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At 1 January 2000 the capital structure of Q, a limited liability company, was as follows: K Issued share capital 1,000,000 ordinary shares of 50n each 500,000 Share premium account 300,000 On 1 April 2000 the company made an issue of 200,000 50n shares at K1.30 each, and on 1 July the company made a bonus (capitalisation) issue of one share for every four in issue at the time, using the share premium account for the purpose. Calculate the correct company's share capital and share premium account at 31 December 2000? At 1 January 2000 the capital structure of Q, a limited liability company, was as follows: K Issued share capital 1,000,000 ordinary shares of 50n each 500,000 Share premium account 300,000 On 1 April 2000 the company made an issue of 200,000 50n shares at K1.30 each, and on 1 July the company made a bonus (capitalisation) issue of one share for every four in issue at the time, using the share premium account for the purpose. Calculate the correct company's share capital and share premium account at 31 December 2000?

Answer rating: 100% (QA)

Answer Date Account Dr Cr 20000401 Cash 20000013 Securities Premium 20000008 Eq... View the full answer