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On 1 January 20X0 Bali plc had two equity accounts: Issued share capital of 400,000...

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Accounting

On 1 January 20X0 Bali plc had two equity accounts:

Issued share capital of 400,000 in 5p ordinary shares

Retained earnings of 357,000

In March 20X0 the company raised 1,625,000 from a new issue of ordinary shares at a price of 65p per share. In November 20X0 the company made a bonus issue of one new share for every five held

What is the balance on the share premium account for inclusion in Bali pic's statement of financial position at 31 December 20X0

A 45,000

B 1,395,000

C. 1,420,000

D 1,500,000

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