QUESTION 5 Given below are equity shares information and net profit of B Inc (in million). Particulars No. of Shares Amount in $ Equity Share Capital as on 01.01.2016 100 100 New issue as on 01.01.2017 50 50 Net Profit for 2016 $ 400 Million Net Profit for 2017 $ 500 Million The company issues 1:5 bonus shares effective 01.11.2017 one share for every 5 shares held.
