The equity section of the statement of financial position of a limited company at 1 January is shown.
On 28 February, the company made a rights issue of 1 new share for every 3 existing shares held at a premium of $1.50 per share. The rights issue was fully subscribed.
How much cash was received from the rights issue?
1 )
$112500
2 )
$225000
$262500
4 )
$525000
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