Company XXX has capital totalling €5,000,000 (500,000 shares with a nominal value of €10 each), voluntary...
Company XXX has capital totalling €5,000,000 (500,000 shares with a nominal value of €10 each), voluntary reserves totalling €1,300,000 and legal reserves totalling €1,000,000. During the fiscal year, the company has decided to offer an interim dividend of €80,000 which is still pending to pay. As of November 1st, the company decides to carry out a capital increase with 100,000 new shares with the same nominal and preserving the book value of the shares. Assuming that the company follows Spanish legal requirements regarding capital increases, which of the following accounting options is correct?
Select one:
a. I don't know the answer
b. Debit (572) Cash in banks €250,000 and (558) Called-up capital receivable €1,210,000 and credit (100) Share capital €1,000,000 and (110) Share premium €460,000.
c. Debit (572) Cash in banks €270,000, Dividend payable (526) €80.000 and (558) Called-up capital receivable €750,000 and credit (100) Share capital €1,000,000 and (110) Share premium €100,000.
d. Debit (572) Cash in banks €350,000 and (558) Called-up capital receivable €750,000 and credit the account entries (100) Share capital €1,000,000 and (110) Share premium €100,000.
e. Debit (572) Cash in banks €710,000 and (103) Uncalled capital €750,000 and credit (100) Share capital €1,000,000 and (110) Share premium €460,000
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Company XXX has capital totalling €5,000,000 (500,000 shares
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