1)Ebberle Company reported the following in the shareholders' equity section of its statement of financial position at 30 June 2016. The fully paid shares were previously issued $3.00 on application, $1.50 on allotment and an $0.60 call:

Ordinary shares $76 500

Retained earnings $25 000

Total shareholders' equity $101 500

Which of the following is right according to the information above?

a.Earnings per share (EPS) for this company is $2.67

b.The company issued 15 000 shares

c. Earnings per share (EPS) for this company is $2.50

d.The company issued 10 000 shares

2)Brumfield issued 5 000 ordinary shares for $30 per share.

In addition to the increase in cash, what effect does this transaction have on Brumfield's accounting equation?

a.Ordinary shares increases $5 000 and retained earnings increases $145 000

b.Ordinary shares increases $150 000

c.Ordinary shares increases $75 000 and the gain on share issuance increases $75 000

d.Ordinary shares increases $150 000 and contributed capital increases $150 000

3)Diablo Company reported the following information for 2013 and 2014:

Prepaid insurance, 31 December 2013$14 000

Prepaid insurance, 31 December 201411 500

Insurance expense2014$25 200

How much cash was paid for insurance during 2014?

a.$36 700

b. $27 400

c. $22 700

d. $39 200