Company Mount Carmel Inc. was found in 2019 and 2,000,000 shares were issued to the founders at
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Company Mount Carmel Inc. was found in 2019 and 2,000,000 shares were issued to the founders at $0.01 per share. A year later Star Ventures invested $1,000,000 in the company in exchange for 1,000,000 shares. Two years later, Nova Ventures invested $3,750,000 in the business in exchange for 33.33%. Prepare the capitalization for each round of investment. Calculate the pre-money and post-money after each round of VC investment.
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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