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The options available for the Shareholders' Equity is: Capital Stock Common Shares Dividends Shares Preferred Shares Retained Earnings The financial statements of Planet Media Inc.
The options available for the Shareholders' Equity is: Capital Stock
Common Shares
Dividends Shares
Preferred Shares
Retained Earnings
The financial statements of Planet Media Inc. included the following selected information at December 31, 2018: Common shares Retained earnings Net earnings Dividends declared $1,580,000 895,000 859,520 750,000 The common shares were sold at $25 per share. Required: 1. What was the amount of retained earnings at the beginning of 2018? (Round your intermediate calculations and final answer to nearest whole dollar amount.) Retained earnings 2. Compute earnings per share. (Round the final answer to 1 decimal place.) Earnings per share 3. Prepare the shareholders' equity section of the company's statement of financial position at December 31, 2018 PLANET MEDIA INC. Shareholders' Equity December 31, 2018 Share capital: Shareholders' equity SOStep by Step Solution
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