ABC company had the following balances of stockholders' equity in their balance sheet as at 31...
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ABC company had the following balances of stockholders' equity in their balance sheet as at 31 December 2019. Share capital $20 at par Share premium General reserve $400,000 200,000 50,000 Retained earnings 250,000 900,000 TOTAL Following events occurred during the year ended 31 December 2020. 1. The company issued 10,000 new shares at $50 per share. 2. The company made profit $200,000 for the year 2020. 3. The company declared and paid $7 per share during the year. 1. Show the stockholders' equity that will be presented at 31 December 2020. (10) 2. Find out the book value per share both on 31 December 2019 and 31 December 2020. (3) ABC company had the following balances of stockholders' equity in their balance sheet as at 31 December 2019. Share capital $20 at par Share premium General reserve $400,000 200,000 50,000 Retained earnings 250,000 900,000 TOTAL Following events occurred during the year ended 31 December 2020. 1. The company issued 10,000 new shares at $50 per share. 2. The company made profit $200,000 for the year 2020. 3. The company declared and paid $7 per share during the year. 1. Show the stockholders' equity that will be presented at 31 December 2020. (10) 2. Find out the book value per share both on 31 December 2019 and 31 December 2020. (3)
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Answer Solution STockholders Equity SHare capital 5 at ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0470616314
IFRS edition volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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