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can anyone do accounts paper 1 june 2009 Q NO 21???

R

ruzache

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The answer is $150000. The issued current share capital of the business is 400000x$0.25=$100000
They issue 200000 shares at $0.60 but only $0.25 is the par value. The rest 0.35 is premium. Therefore the addition made to the share capital account is 200000x$0.25=$50000

Therefore $100000 + $50000 = $150000
 
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