For a recent 2-year period, the statement of financial position of Jiang Group showed the following equity
Question:
For a recent 2-year period, the statement of financial position of Jiang Group showed the following equity data at December 31 (amounts in millions).
Instructions
a. Answer the following questions.
1. What is the par value of the ordinary shares?
2. What is the cost per treasury share at December 31, 2023, and at December 31, 2022?
b. Prepare the equity section of the statement of financial position at December 31, 2023.
Transcribed Image Text:
2023 2022 Share premium-ordinary HK$ 891 HK$ 817 Share capital-ordinary 545 540 Retained earnings 7,167 5,226 Treasury shares Total equity (1,428) (918) HK$7,175 HK$5,665 Ordinary shares issued 218 216 Ordinary shares authorized 500 500 Treasury shares 34 27
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Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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