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Crane SA reported the following balances at December 31, 2019: share capital-ordinary 500,000, share premium-ordinary 140,000, and retained earnings 320,000. During 2020, the following transactions
Crane SA reported the following balances at December 31, 2019: share capital-ordinary 500,000, share premium-ordinary 140,000, and retained earnings 320,000. During 2020, the following transactions affected equity. 1. 2. Issued preference shares with a par value of 124.000 for 198.000. Purchased treasury shares (ordinary) for 49,000. Earned net income of 175.000. Declared and paid cash dividends of 54.000. 3. 4 Prepare the equity section of Crane SA's December 31, 2020, statement of financial position. CRANE SA Statement of Financial Position (Partial) E : im
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