The capital employed of a company at 1 January was $150 000. During the year, the following took place.
1 There was an issue of 10 000 $1 ordinary shares at par.
2 A revaluation surplus of $4000 was recognised.
3 A $20 500 debenture loan was redeemed at par.
What was the company’s capital employed after these events?
A $139 500 B $143 500 C $160 000 D $164 000
