Giggles Ltd has 2 million shares issued.The directors have elected,with the support of a resolution passed at a general meeting,to undertake a 1: 2 share split so that there will be 4 million issued shares.The shares were originally issued at a price of $2 each.What is the summary entry to record the share split?
A)
B)
C)
D) None of the given answers are correct.
Correct Answer:
Verified
Q43: A statement of changes in equity includes:
A)
Q44: The total market capitalisation of a company
Q45: The 'participating' in participating preference shares means
Q46: If a company has created a forfeited
Q47: Motion Ltd issued $5 million in redeemable
Q49: Share splits are conducted because it is
Q50: A statement of changes in equity:
A) is
Q51: When a share split occurs:
A) Current shareholders
Q52: Cartoon Ltd is listed on the Australian
Q53: Goggle Ltd has 1 million shares
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents