Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

A company issued $25000$ ordinary shares of $0.50$ each with a premium of $25\%$. Their market value was $1.50$ per share. What is the ordinary share capital value in the statement of financial position?

  • A$12500
  • B$15625
  • C$31250
  • D$37500

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