FTC Dec 06 exam -Proceeds of share issue

carla030698

Hi, im revising for next weeks FTC exam, and am puzzled by the answer to question 1.6 on the Dec 06 paper.

Where does the proceeds of share issue come from??? :crying:

peugeot

The issued share capital per the balance sheet has increased by (5,000 - 8,000) = 3,000. The share premium account per the balance sheet has also increased from (1,000 to 2,500) = 1,500 so the proceeds from the share issue are 4,500.

Regards
Steve

carla030698

Ah thanks, I remember now! :mad2: