Business, 13.09.2021 07:10 biennhan9796

3. KC Mart, a supermarket company issued 2 for 5' rights shares in December 20219 to its existing shareholders at Nu. 120. There are 5,000 shareholders of KC Mart as per the shareholders' register and the shares are currently traded at Nu. 135. Those shares were initially offered at Nu. 100. Out of 5000 shareholders, only 70% of them chose to accept rights issue. The remaining shares were sold through public auction. Required i) In group, calculate the number of rights shares ii) Pass accounting entries for all related transactions and events, and iii) Find out the total number of share capital after rights issue of shares. iv) Discuss how shares sold through public auction will be accounted. Students must contact relevant persons in the companies where such issues were made, if possible.

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3. KC Mart, a supermarket company issued 2 for 5' rights shares in December 20219 to its existing sh...

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