A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2009 · Q171 Mark
A company's Balance Sheet at 31 December 2008 includes: $ Ordinary shares of $1.00 12 000 Profit and Loss Account 4000 In January 2009, the company made a bonus issue of one share for every four held. In June 2009, the company made a rights issue at $1.60 of one share for every two held. By how much did these transactions increase the company's bank balance?
A$9600
B$12 000
C$12 800
D$19 200
✓ Correct answer
C: $12 800
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