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Maze Co, a company that adopts IFRS, had outstanding 200,000 ordinary shares and 20,000 shares of preference shares convertible into five Ordinary shares each. Net
Maze Co, a company that adopts IFRS, had outstanding 200,000 ordinary shares and 20,000 shares of preference shares convertible into five Ordinary shares each. Net income for the year is BD200,000. Dividends declared during 2020 were BD40,000 on the preference shares and BD60,000 on the ordinary shares. Maze Co was hesitant to account for several contingently issuable common shares and contracts that may be settled in ordinary shares or cash.
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