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Safari Company has following Equity Balances on Jan.1, 2020 Share Capital - OS 400000 par value $10 per share Share Premium-OS $300,000 Share /capital -
Safari Company has following Equity Balances on Jan.1, 2020 Share Capital - OS 400000 par value $10 per share Share Premium-OS $300,000 Share /capital - PS 20000 par value $20 per share cumulative 5% Retained Earnings $400,000 During 2020 Following Equity Transaction is occurred ordinary shares for cash Feb.1, 2020 issued 20000 $250,000 of April.2,2020 issued 30000ordinary shares for Land has fair value of $500,000 June 1, purchased 50000of its shares (treasury shares) at cost of ($30)per share of treasury shares at August 1,2020 sold 20000 $40per share price Dec.31, 2020 declared cash dividends of $50000 to be allocated between preference and ordinary Answer following questions At Dec.31, 2020 net number of issued ordinary shares Choose... At Dec.31, 2020 Ending Balance of Share Capital of ordinary shares is Choose... At Dec.31, 2020 Ending Balance of Share Premium of ordinary shares is Choose... the total equity section at end of Dec.31, 2020 will be presented in Financial position Choose... Dividends paid for PS for current year is Choose... if there is one year dividends in arrear the dividends paid for PS is Choose... If there is one year dividends in arrear the dividends paid for OS is Choose... Weighted Average of Outstanding Share at Dec.31,2020 Choose... Basic EPS if net income is $620000 Choose... IF PS is convertible each (1) PS is converted (2) OS compute Dilutive EPS Choose... and Net Income $620,000
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