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Redraft the section of the statement of financial position

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Question - Dunn Limited has the following share capital and reserves on November 30, Year? 9:

Equity £

Share capital (£1 shares) 20,000

Share premium 10,000

Reserves (retained earnings) 28,000

Total 58,000

Required - Redraft the following section of the statement of financial position on the assumption that Dunn Limited made a rights issue on a 1 for 1? basis, at ? £1.50 per? share, only? 80% of which were bought by the shareholders.

Reference no: EM133059286

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