Question

5. 10,000 equity shares of 10 each issued at
10% premium. Calculate the total amount of
share premium

Answer 1

Answer:

578

Explanation:

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Answer 2

Explanation:

equity shares = 10,000

10 each issued at 10% premium.

FV = 10 each

premium = 10%

The total amount of share premium =

10,000× 10× (10/100)

10,000

Hence, the total amount of 10,000 share premium = 10,000