Question
Please I am very upset. I asked the same question several times, and I paid money for it, why am I losing all the chances
Please I am very upset. I asked the same question several times, and I paid money for it, why am I losing all the chances of asking but without an answer, please answer me, and give me a full explanation of the way to solve i need also full explanition of your asnwer Question 5 The equity section of Benton Corporation's statement of financial position as of December 31, 2018 is as follows: Equity Share capital-ordinary, 5 par value: authorized, 2.000.000 shares: issued, 400,000 shares 2,000,000 Share premium ordinary 850.000 Retained earnings 3.000.000 5,850,000 The following events occurred during 2019: 1. Jan. 16 Declared a cash dividend of 2 per share, payable February 15 to share- holders of record on February 5. 2. Feb. 10 Issued 20.000 ordinary sharts for 12 per share cash. 3. March 1 A 3-for-I share split was declared 4. April 1 A 15% share dividend was declared and issued. 5. July 1 10.000 share was purchased for treasury at 10 per share. Instructions How each event affects the following accounts Example : issued 5,000 shares at $8 Number of issued shares Par value per share Total par value +25,000 Retained earnings No effect Example +5000 No effect 1 2 3 4 5
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started