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ediate accounting summer) An analysis of equity of Carlos Corporation as of December 31, 2019, is as follows: Share capital ordinary, authorized 400,000 shares, issued
ediate accounting summer) An analysis of equity of Carlos Corporation as of December 31, 2019, is as follows: Share capital ordinary, authorized 400,000 shares, issued and outstanding 140,000 shares Retained earings Share premium-Treasury Accumulated Other comprehensive Loss Share capital preference, 10% Cumulative,5,000shares 10 par Share premium-ordinary Cooooo 700,000 2000 150,000 500,000 980,000 During 2020, the corporation had the following capital transactions: 1- 10,000 ordinary shares are issued to the founders of the corporation for land valued by the board of directors at 200,000. The board establishes a stated value of 8 a share for the ordinary shares. 2- acquired 4000 of its ordinary shares at 12 each. 3- Sold 1000 shares of treasury shares at 9 4- A 25% share dividend was declared and issued. Fair value at that date was 20. Requirements: Me A. Journalize the transactions occurred in 2020. B. Construct the equity section for 2020 incorporating all the above information. C. What was the issuance price of the ordinary shares
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