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How much did the ordinary share issue raise

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Reference no: EM132891035

Problem 1: Sheba Ltd.'s statement of financial position shows ordinary share capital of R150 000 and share premium of R50 000 at the beginning of a financial year. If the ordinary share capital is R250 000 and share premium is R120 000 at the end of the financial year, how much did the ordinary share issue raise?

Select one:

a. R170 000
b. R250 000
c. R370 000
d. R100 000

Reference no: EM132891035

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