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During 2018, RD Ltd, repurchased 4,000 common shares and 4,000 preferred shares, respectively. RD Ltd. Also issued 1,000 Common Shares for $210 each. In 2018,
During 2018, RD Ltd, repurchased 4,000 common shares and 4,000 preferred shares, respectively. RD Ltd. Also issued 1,000 Common Shares for $210 each. In 2018, Net Income (loss) was ($100,000), and dividends declared were $40,000. The comparative equity accounts for 2017 and 2018 are: Balances December 31 Preferred Shares Common Shares Contributed Capital-Repurchase of Preferred Shares Contributed Capital-Repurchase of Common Shares Retained Earnings 2017 $600,000 $1,900,000 0 $30,000 $440,000 2018 $440,000 $24,000 $250,000 1,300,000 1 What was the orignal issue price of the common shares? The preferred? (Show your calculations) 2 What amount was paid for the common shares repurchases? The preferred? (Show your calculations) During 2018, RD Ltd, repurchased 4,000 common shares and 4,000 preferred shares, respectively. RD Ltd. Also issued 1,000 Common Shares for $210 each. In 2018, Net Income (loss) was ($100,000), and dividends declared were $40,000. The comparative equity accounts for 2017 and 2018 are: Balances December 31 Preferred Shares Common Shares Contributed Capital-Repurchase of Preferred Shares Contributed Capital-Repurchase of Common Shares Retained Earnings 2017 $600,000 $1,900,000 0 $30,000 $440,000 2018 $440,000 $24,000 $250,000 1,300,000 1 What was the orignal issue price of the common shares? The preferred? (Show your calculations) 2 What amount was paid for the common shares repurchases? The preferred? (Show your calculations)
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