Mathematics · Financial Accounting
Using the financial statement data of Cracker Co. for the year ended 31 March 20X1, what is the correct calculation of 'Proceeds of the share issue' (comprising both Equity Share Capital and Share Premium) in thousands of dollars ($000)? Given: Equity share capital (20X1): $11,000, (20X0): $10,000 Share premium (20X1): $610, (20X0): Nil
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$11,000 - $10,000 = $1,000
- 2$11,000 - $10,000 + $610 = $1,610✓
- 3$11,000 + $610 = $11,610
- 4$10,000 - $610 = $9,390
Correct answer
$11,000 - $10,000 + $610 = $1,610
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