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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
Feb.1, 2020 issued 20000 ordinary shares for cash of $250,000
April.2,2020 issued 30000 ordinary shares for Land has fair value of $500,000
June 1, purchased 50000 of its shares (treasury shares) at cost of ($30) per share
August 1,2020 sold 20000 of treasury shares at price $40 per share
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

Answer 1Choose...$5,100,000$20,000$1.34$550,000420000$40,000$10,000$4,500,000$1.43

At Dec.31, 2020 Ending Balance of Share Capital of ordinary shares is

Answer 2Choose...$5,100,000$20,000$1.34$550,000420000$40,000$10,000$4,500,000$1.43

At Dec.31, 2020 Ending Balance of Share Premium of ordinary shares is

Answer 3Choose...$5,100,000$20,000$1.34$550,000420000$40,000$10,000$4,500,000$1.43

the total equity section at end of Dec.31, 2020 will be presented in Financial position

Answer 4Choose...$5,100,000$20,000$1.34$550,000420000$40,000$10,000$4,500,000$1.43

Dividends paid for PS for current year is

Answer 5Choose...$5,100,000$20,000$1.34$550,000420000$40,000$10,000$4,500,000$1.43

if there is one year dividends in arrear the dividends paid for PS is

Answer 6Choose...$5,100,000$20,000$1.34$550,000420000$40,000$10,000$4,500,000$1.43

IF there is one year dividends in arrear the dividends paid for OS is

Answer 7Choose...$5,100,000$20,000$1.34$550,000420000$40,000$10,000$4,500,000$1.43

Weighted Average of Outstanding Share at Dec.31,2020

Answer 8Choose...$5,100,000$20,000$1.34$550,000420000$40,000$10,000$4,500,000$1.43

Basic EPS if net income is $620000

Answer 9Choose...$5,100,000$20,000$1.34$550,000420000$40,000$10,000$4,500,000$1.43

IF PS is convertible each (1) PS is converted (2) OS compute Dilutive EPS and Net Income $620,000
image text in transcribed this is a options
$5,100,000 $20,000 $1.34 $550,000 420000 $40,000 $10,000 $4,500,000 +1 13

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