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Arctic Edge Ltd . has a December 3 1 year end. On January 1 , 2 0 2 3 , the company had the following
Arctic Edge Ltd has a December year end. On January the company had the following shareholders equity accounts.
Preferred Shares, $ cumulative, unlimited number authorized, $
issued
Common Shares, unlimited number authorized, issued
Retained Earnings
Accumulated Other Comprehensive Income
Arctic Edge Ltd had the following transactions during :
Jan Issued common shares at $ per share.
Feb Issued preferred shares at $ per share
Mar Reacquired Common Shares at $ per share
Aug Issued common shares at $ per share
For the company reported net income of $
and comprehensive income of $
Instructions: Note: USE Excel for linking the numbers from the above trial balance link by using and then clicking on the cell Also use formulas in Excel for any calculations.
A Record all of the transactions.
B Prepare the Statement of Changes in Shareholders Equity.
C Calculate Arctic Edge's earnings per share. Hint: weighted average number of common shares outstanding has to be calculated
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