5) Gemini Plc issued 2,000 ordinary shares with a nominal value of 50p for £1.50 each...

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5) Gemini Plc issued 2,000 ordinary shares with a nominal value of 50p for £1.50 each and then issued bonus shares, in respec

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Answer 1

Answer #1

New Ordinary Share Capital=> Old share capital+new share capital=3000+(2000*1.5)

=3000+3000

=6000

Bonus shares=(Original ordinary shares+new ordinary shares)*5

=({3000/40}+2000)*5

=(75+2000)*5

=10375

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Answer 2

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5) Gemini Plc issued 2,000 ordinary shares with a nominal value of 50p for £1.50 each...

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