Jerome Highland Corporation reported the following balances on its statement of financial position on 1 January 2009:
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Jerome Highland Corporation reported the following balances on its statement of financial position on 1 January 2009:
The following transactions occurred during 2009.
i. Issued a 100% share dividend when the market price was £4 per share.
ii. Purchased 1200 treasury shares for £4600. hi. Declared and paid dividends of £18 000. iv. Reported profit of £32 000.
Required: Construct the equity section for Jerome Highland at 31 December 2009 after all the above listed transactions had been completed.
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