Question 10 Ryker Pet Emporium reports the following information: Share subscription receivable: $120,000 Common shares: $3,810,000 Common shares subscribed: $240,000 Preferred shares: $1,440,000 Retained earnings: $900,000 The total shareholders' equity of Ryker Pet Emporium is: $6,270,000 $6,300,000 $6,510,000 $6,390,000 Question 11 Chorston Oil Rigs issued $1,000,000 of 10-year, 6% convertible bonds, at 91. Interest is paid annually on the bonds. Each $1,000 bond is convertible into 50 common shares, which are currently trading at $17 per share. Similar straight bonds carry an interest rate of 8%. Six years later, when the carrying amount of the bonds was $933,757, the bond holders decided to convert the bonds to common shares. What is the value of the common shares that were issued upon conversion? $1,067,959 $977,959 $933,757 $910,000 Question 12 On January 1, 2020, Delight Treats Inc. had 450,000 common shares outstanding. During 2020, Delight issued 60,000 on May 1, purchased and cancelled 36,000 shares on September 1, and issued 42,000 more shares on November 1. The weighted average of common shares outstanding for 2020 is: 509,000 469,000 485,000 497,000