Question
ASAP PLEASE- NEED IT WITHIN 20MINS THANK YOU SO MUCH The shareholders' equity section of the 30 June 2020 balance sheet for Charbel Constructions is
ASAP PLEASE- NEED IT WITHIN 20MINS THANK YOU SO MUCH
The shareholders' equity section of the 30 June 2020 balance sheet for Charbel Constructions is as follows:
Preference shares (100 000) | $200 000 |
Ordinary shares (350 000) | $1 050 000 |
Reserves | $160 000 |
Retained earnings | $450 700 |
Total shareholders' equity | $1 860 700 |
On 1 July 2020 the company declared a 20% share dividend, payable to ordinary shareholders on 15 July 2020. On 1 July the share price was $1.50 per ordinary share and on 15 July the market price was $2 per ordinary share.
On 1 August, Charbel issued 50 000 ordinary shares for $2 per share.
On 1 September Charbel bought back $200 000 of ordinary shares, priced at $2.50 each.
On 1 November 2020 the company declared a 90c per share cash dividend, payable on 25 November 2020.
On 1 December 2020, how many ordinary shares does Charbel have outstanding?
352 500
402 500
390 000
616 875
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