Datacom Services Inc. reported the following statement of changes in shareholders' equity for the year ended October
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Requirements
Answer these questions about Datacom Services's shareholders' equity transactions:
1. The income tax rate is 33%. How much income before income tax did Datacom report on the income statement?
2. What is the stated value of a common share at October 31, 2017?
3. At what price per share did Datacom Services issue its common shares during the year?
4. Datacom Services's statement lists the share transactions in the order they occurred. What was the percentage of the stock dividend?
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Req 1 Income before income tax 360 million1Tax 360 million 1033 537 million ...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
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