Question
Coral Cleaners Ltd reported the following information in the shareholders' equity section of its 30 June 2017, statement of financial position. 7% cumulative, non-participating preferred
Coral Cleaners Ltd reported the following information in the shareholders' equity section of its 30 June 2017, statement of financial position.
7% cumulative, non-participating preferred share (5000 shares) $50 000
Ordinary share, (125 000 shares) $625 000
Retained earnings $825 000
What is the number of ordinary shares issued?
6 000
50 000
125 000
100 000
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Accounting Principles A Business Perspective Financial Accounting Chapters 9 To 18
Authors: Bill Buxton, Amy Sibiga
1st Edition
1461160863, 978-1461160861
