Brown Limited was incorporated on 1 July 2017. A prospectus offering 200 000 shares at $3.00 each was released and closed fully subscribed. The share issue was underwritten by a broker for $25 000 and other costs of the share issue amounted to $13 000. The net share capital on the statement of financial position is:

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The Answer of Brown Limited was incorporated on 1 July 2017. A prospectus offering 200 000 shares at $3.00 each was released and closed fully subscribed. The share issue was underwritten by a broker for $25 000 and other costs of the share issue amounted to $13 000. The net share capital on the statement of financial position is:

Brown Limited Was Incorporated on 1 July 2017