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can you please solve it The shareholders' equity accounts of Qullumber Ltd. on April 1, 2020, the beginning of the fiscal year, are as follows:
can you please solve it
The shareholders' equity accounts of Qullumber Ltd. on April 1, 2020, the beginning of the fiscal year, are as follows: $4 cumulative preferred shares (22,000 issued) $2,200,000 Common shares (450,000 issued) 3,600,000 Retained earnings 1.600.000 Total shareholders' equity $7.400,000 During the year, the following transactions occurred: 2020 June 1 Reacquired 12,000 common shares for $9 per share. July 1 Issued 52.009 common shares for $10 per share Sept 30 Reacquired 6,000 common shares for $9.50 per she 2021 Jan. 31 Issued 54.000 common shares in exchange for land. The land's fair value was $540.000 Mar 31 Profit for the year ended March 31, 2021. was $1.057.000. (a) Calculate the weighted average number of common shares for the year. Weighted average number of common sharesStep by Step Solution
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