Question
On January 1, 2020 a company had the following equity balances. CHF Share Capital Ordinary (200,000 shares issued) 600,000 Share Premium Ordinary 400,000
On January 1, 2020 a company had the following equity balances.
CHF
Share Capital – Ordinary (200,000 shares issued) 600,000
Share Premium – Ordinary 400,000
Retained Earnings 500,000
During 2020, the following transactions and events occurred:
a) Issued 20,000 ordinary shares for cash at CHF4 per share.
b) Purchased 20,000 ordinary shares for the treasure at CHF6 per share.
c) Declared and paid cash dividend of CHF100,000.
d) Sold 5,000 treasury shares for cash at CHF5 per share.
e) Earned net profit of CHF10,000.
Please do not use thousands separators (,).
Determine the values as at 31 December 2020 | Answer (CHF in thousands) |
Share capital | Answer |
Share premium | Answer |
Retained earnings | Answer |
Treasury shares | Answer |
Total equity | Answer |
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Answer a Share capital 620000 b Share premium 400000 c Retained earnings 510000 d Treasury shares 15...Get Instant Access to Expert-Tailored Solutions
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