(Optical Products Company reported the following shareholders' equity 'on its balance sheet: {Requirements} 1. What could have...

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(Optical Products Company reported the following shareholders' equity 'on its balance sheet:image text in transcribed

{Requirements}
1. What could have caused Optical Products's preferred shares to decrease during 2020? Cite all the possible causes.
2. What could have caused Optical Products's common shares to increase during 2020? Identify all the possible causes.
3. How many shares of Optical Products were outstanding at December 31, 2020?
4. Optical Products's net income during 2020 was \(\$ 1,410\) million. How much were Optical Products's dividends during the year?

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Financial Accounting

ISBN: 9780135433065

7th Canadian Edition

Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin

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