Question
Given this information, Ordinary Share Capital ($10 par, 100,000 shares authorized,60,000 shares outstanding)$600,000 Share Premium - Ordinary50,000 Accumulated Profits 179,000 The company did well in
Given this information,
Ordinary Share Capital ($10 par, 100,000 shares authorized,60,000 shares outstanding)$600,000
Share Premium - Ordinary50,000
Accumulated Profits 179,000
The company did well in sales due to high demand this period, making your company more favorable, as such you sold 40,000 shares and sell share premium 15000 shares. You can assume that from such, there was a delinquent buyer who was supposed to purchase 15000 and the company decided to take it to its treasury sales.
Can you show how a projected statement of changes in shareholders' equity would look like in this scenario?
You can make assumptions on the share capital and accumulated profits and its appropriation. However, if it would be okay, could you state them and describe why they would be ideal?
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