Multiple Choice
Choi Ltd issued 500,000 £1 shares at £2.20 per share. Which of the following will occur as a result of the share issue?
A) Share capital will increase by £1.1 million.
B) Share premium will increase by £1,100,000.
C) Shareholders equity will increase by £1.1 million.
D) The share issue will raise £500,000.
Correct Answer:
Verified
Correct Answer:
Verified
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