Brown Limited Was Incorporated on 1 July 2013

Brown Limited was incorporated on 1 July 2013.A prospectus offering 200 000 shares at $3.00 each was released and closed fully subscribed.The share issue was underwritten by a broker for $25 000 and other costs of the share issue amounted to $13 000.The net share capital on the statement of financial position is:

A) $575 000.
B) $162 000.
C) $587 000.
D) $562 000.

Correct Answer:

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