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Suppose that the company has the following balance sheet at the beginning of the year. Cash and cash eq . 5 0 . 0 0
Suppose that the company has the following balance sheet at the beginning of the year.
Cash and cash eq
tableShare capital TL parAdditional paidin capital,Retained earnings,
The company issues amount of shares at TL each.
The company invests in shares of ABC company for trading purposes and purchases amount of those shares at TL each.
The company invests in shares of XYZ company for nontrading purposes and purchases amount of those shares at each.
The share price of ABC company drops to
The share price of XYZ company increases to
The company repurchases amount of its own shares at each.
The company sells half of the ABC shares at TL each.
The company sells half of the XYZ shares at each.
The company sells half of its own shares at TL each.
The company declares TL dividends.
Assuming that all relevant transactions are based on cash payments, prepare journal entries points illustrate the balance sheet points income statement points and statement of changes in owner's equity points at the end of the period.
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