Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

A company sells one million ordinary shares of $1$ each at $1.30$ per share. It also issues a debenture for $500000$. By how much does the company's equity increase?

  • A$1000000
  • B$1300000
  • C$1500000
  • D$1800000

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