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Problem - At 31 December 20X1 the capital structure of Venus Co was as follows:
Ordinary share capital
100,000 shares of 50c each 50,000
Share premium account 180,000
During 20X2 Venus Co made a bonus issue of one share for every two held, using the share premium account for the purpose, and later issued for cash another 60,000 shares at 80c per share.
What is Venus Co's capital structure at 31 December 20X2?
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