Question
Anders SA has issued 100,000 shares of 5 par value ordinary shares. It autho- rized 500,000 shares. The share premium on the ordinary shares is
Anders SA has issued 100,000 shares of 5 par value ordinary shares. It autho- rized 500,000 shares. The share premium on the ordinary shares is 240,000. The corporation has reacquired 7,000 shares at a cost of 46,000 and is currently holding those shares. Treasury shares were reissued in prior years for 47,000 more than their cost.
The company also has 2,000 shares issued and outstanding of 7%, 100 par value preference shares. It authorized 10,000 shares. The share premium on the preference shares is 23,000. Retained earnings is 372,000.
Prepare the equity section of the statement of financial position.
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