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Old MathJax webview Segura Corporation showed the following equity information as at December 31, 2014. a. The preferred shares had sold for an average price
Old MathJax webview
Segura Corporation showed the following equity information as at December 31, 2014. a. The preferred shares had sold for an average price of $23. b. The common shares had sold for an average price of $10. c. Retained Earnings at December 31, 2013, was $460,000. During 2014, net income earned was $450,000. The board of directors declared a total cash dividend of $150,000. Use this information to complete the equity section of the balance sheet. Segura Corporation Equity Section of the Balance Sheet December 31, 2014 Contributed capital: Preferred shares. $2.50 non-cumulative; 400,000 shares authorized; 40,000 shares issued and outstanding Common shares: unlimited shares authorized: shares issued and outstanding Total contributed capital Retained earnings Total equity 3,420,000 Segura Corporation showed the following equity information as at December 31, 2014. a. The preferred shares had sold for an average price of $23. b. The common shares had sold for an average price of $10. c. Retained Earnings at December 31, 2013, was $460,000. During 2014, net income earned was $450,000. The board of directors declared a total cash dividend of $150,000. Use this information to complete the equity section of the balance sheet. Segura Corporation Equity Section of the Balance Sheet December 31, 2014 Contributed capital: Preferred shares, $2.50 non-cumulative; 400,000 shares authorized; 40.000 shares issued and outstanding Common shares; unlimited shares authorized; shares issued and outstanding Total contributed capital Retained earnings Total equity 3,420,000
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