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 3...

a Answers 1 The par value of the ordinary shares can be calculated by dividing the share ca ...

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).

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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, 2016, and at December 31, 2015?

(b) Prepare the equity section of the statement of financial position at December 31, 2016.

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Mar 23, 2024 08:01 AM

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For a recent 2-year period, the statement of financial position of Jiang Group showed the following equity

Question:

2016 2015 Share premium-ordinary Share capital-ordinary HK$ 891 HK$ 817 545 540 Retained earnings 7,167 5,226 Treasury shares (1,428) (918) Total equity HK$7,175 HK$5,665 Ordinary shares issued 218 216 Ordinary shares authorized 500 500 Treasury shares 34 27

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a Answers 1 The par value of the ordinary shares can be calculated by dividing the share ca...View the full answer

Intermediate Accounting IFRS Edition

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