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  3. x plc has the following share capital and reserves

X plc has the following share capital and reserves as at 31 Dec 2015: 600...

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Accounting

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X plc has the following share capital and reserves as at 31 Dec 2015: 600 000 10p ordinary shares.. 000 Share premium.... Retained profit..... .....41 000 ...23 000 ..... 124 000 The current market price of a share is 3. The directors undertake a rights issue 1 for 15 followed by bonus issue of 4 new ordinary shares for every 3 held. Calculate capital and reserves section of the balance sheet after the issues. ordinary shares Share premium Retained profit 64000 157000 23000 244000 ordinary shares Share premium Retained profit 149333 71667 23000 244000 ordinary shares Share premium Retained profit 112000 109000 23000 244000

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