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Re-draft the statement of financial position

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Question - On June 30, 2021, McNeil Limited has the following statement of financial position:

£

Total Net Assets 38,750

Share capital (£1 shares) 31,000

Reserves 7,750

Total Equity 38,750

On the same day, the company decides to issue bonus shares on the basis of one new share for every ten currently held.

Required - Re-draft the statement of financial position after the bonus issue has been completed.

Reference no: EM133059287

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