ACCA考试《F3财务会计》讲义辅导25

1、高顿财经GOLDEN FINANCE全球财经教育领异品牌ACCA考试F3财务会计讲义辅导25本文由高顿ACCA整理发布，转载请注明出处16.3 Rights issue and bonus issue Rights issue:The offer of new shares to existi ng shareholders in proport ion to their prese ntshareholding at a stated share price ( normally below market values)The adva ntages are:-A rights issue

2、is the cheapest way for a company to raise finance through the issuingof further shares.-A right issue to existing shareholding has a greater chance of success compared with a share issue to the public.The disadva ntages are:-A right issue is more expe nsive tha n issu ing debt.-It may not be succes

3、sful in rais ing the funds required.A right issue is acco un ted for in the same way as a no rmal share issue. Bonus issue:The issue of new shares to existing shareholders in proportion to their existingsharehold ing. No cash is received from a bonus issue.The adva ntages are:-issued share capital i

4、s divided into a large nu mber of shares, thus making the marketvalue of each share less, and so more marketable.-Issued share capital is brought more into line with assets employed in the compa ny.The disadva ntages are:-the adm in costs of making the bonus issue.As no cash is received from the bon

5、us issue, the issues must be fun ded from reserves. Any reserves can be used, though a non-distributable reserve such as the share premium acco unt would be used in prefere nee to reserves which can be distributed.Dr. Share premium Nominal value(Or other reserves)Cr. Share capital Nominal valueExamp

6、le: Rich T is a limited liability compa ny with 200,000 25c shares in issue. At 1 January the bala nee on the share premium acco unt is $75,000. The follow ing tran sact ions occur in the year en ded 31 December 2006:31 January There is a fully taken-up 2 for 5rights issue. The issue price is $1.80.

7、12 August There is a 1 for 10 bonus issue made using the share premium acco unt.What are the bala nces on the share capital and share premium acco unts on 31 December 2006?SCSP$000$000A.308111B.7784C.15493D.77192Soluti on:Stateme nt of finan cial positi on$Capital reserves77,000192,000XShare capital- 25c ordinary sharesShare premiumAccumulative profitWork ing:Rights issued :(200,000/5