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(16). Fakir Company reported the following amounts in the equity section of its December 31, 2019, statement of financial position. Share capital preference, 8%, $100
(16). Fakir Company reported the following amounts in the equity section of its December 31, 2019, statement of financial position.
Share capital preference, 8%, $100 par (10,000 shares authorized, 2,000 shares issued)
$200,000
Share capital ordinary, $5 par (100,000 shares authorized, 20,000 shares issued)
100,000
Share premium preference
125,000
Retained earnings
450,000
Total
$875,000
During 2020, Fakir took part in the following transactions concerning equity.
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