The following equity accounts are in the ledger of Westin SE at December 31, 2020. Share CapitalOrdinary
Question:
The following equity accounts are in the ledger of Westin SE at December 31, 2020.
Share Capital—Ordinary (€10 stated value) ...........................................................€1,500,000
Share Premium—Treasury .................................................................................................6,000
Share Premium—Ordinary .............................................................................................690,000
Share Premium—Preference ............................................................................................42,400
Share Capital—Preference (8%, €100 par, non-cumulative) .......................................360,000
Retained Earnings .............................................................................................................776,000
Treasury Shares—Ordinary (7,000 shares) ......................................................................92,000
Instructions
Prepare an equity section at December 31, 2020.
Step by Step Answer:
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt