The data below relate to a limited company’s financial year ending 31 December. 1 On 1 January, total equity stood at $350000. This figure included 100000 ordinary shares of $1 each. 2 A rights issue of 10000 ordinary shares at $1.50 each took place on 30 June. It was fully subscribed. 3 On 1 October, the company paid a dividend of $0.10 for each ordinary share. 4 A dividend amounting to $20000 was proposed on 1 December. 5 The profit for the year was $26500. What was the total equity on 31 December?
- A$360500
- B$375500
- C$380500
- D$391500