Question
The following are transactions that occurred at CBA Co: - in 2017, CBA Co has authorized 30,000 copies and published 14,000 ordinary share, par value
The following are transactions that occurred at CBA Co: - in 2017, CBA Co has authorized 30,000 copies and published 14,000 ordinary share, par value $50, market value $57. - In 2018, 2,000 ordinary shares will be issued as share dividends when the market value is $60. - In 2018, 20,000 preference shares will be authorized and 10,000 shares issued, par value $100, market value $113. Half of the preference share purchased and then reissued for a higher than $9,400 the cost. - In 2019, 600 ordinary shares were bought again at a price of $64. - In 2019, CBA Co will generate income of $1,220,000 and paid cash dividends of $625,200. - CBA Co uses the cost method to account for treasury shares. Requested: Prepare the Equity Section on the Statement of Financial Position CBA Co as of 31 December 2019.
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