9706/13 Accounting Oct Nov 2022 Online Test | Cambridge AS and A Level MCQ

The statement of financial position of a company at 31 December showed the following:
During the following year, the company carried out the following:
1- On 1 January made a rights issue of one ordinary share for every five ordinary shares held. The share issue price was $1.50 per ordinary share and the issue was fully subscribed.
2- On 1 July made a bonus issue of one ordinary share…