2. Update the partial Statement of Financial Position of Omron Berhad showing the shareholders’ equity and liability account balances at 31 December, 2020.

(4 Marks)

3. Compare and contrast (similarity and difference) between a right issue and a normal issue of ordinary shares in a company? State one (1) similarity and one (1) difference.

 

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ACC 1101 - Test 3 Omron Berhad had the following equity and liability account balances at 1 January 2020: Shareholders' Equity Ordinary share capital. 500,000 authorised, 170,000 issued 5.5% Preference share capital Retained earnings Liabilities Accounts payable Unearned revenue Estimated warranty payable The company completed the following transactions during the year 2020: 595,000 150,000 481,300 48,000 20,000 12,700 1,307,000 ACC 1101 - Test 3 Omron Berhad had the following equity and liability account balances at 1 January 2020: Shareholders' Equity Ordinary share capital. 500,000 authorised, 170,000 issued 5.5% Preference share capital Retained earnings Liabilities Accounts payable Unearned revenue Estimated warranty payable The company completed the following transactions during the year 2020: 595,000 150,000 481,300 48,000 20,000 12,700 1,307,000 ACC 1101 - Test 3 Omron Berhad had the following equity and liability account balances at 1 January 2020: Shareholders' Equity Ordinary share capital. 500,000 authorised, 170,000 issued 5.5% Preference share capital Retained earnings Liabilities Accounts payable Unearned revenue Estimated warranty payable The company completed the following transactions during the year 2020: 595,000 150,000 481,300 48,000 20,000 12,700 1,307,000 ACC 1101 - Test 3 Omron Berhad had the following equity and liability account balances at 1 January 2020: Shareholders' Equity Ordinary share capital. 500,000 authorised, 170,000 issued 5.5% Preference share capital Retained earnings Liabilities Accounts payable Unearned revenue Estimated warranty payable The company completed the following transactions during the year 2020: 595,000 150,000 481,300 48,000 20,000 12,700 1,307,000

Answer rating: 100% (QA)

Rights Issue is a right issued to its existing shareholders to subscribe to the shares at a discounted price within a specified time period A bonus issue is an issue of shares by the Company to its ex... View the full answer