Question
The stockholders equity section of Elcan company of Jambados showed the following: Share Premium $680500000; ordinary share capital $88300000; preferred share capital $66000000; and retained
The stockholders equity section of Elcan company of Jambados showed the following: Share Premium $680500000; ordinary share capital $88300000; preferred share capital $66000000; and retained earnings of $37520000.Capital reserves $ 40000000. There are 660000 preferred shares authorized with a par value of $100 and an annual $3.75 per share cumulative dividend preference. At December 31, all authorized preferred shares are issued and outstanding. There are 300 million shares of $1 par value ordinary shares authorized, of which $88.3million are outstanding at December 31. Prepare the stockholders equity section of the balance Sheet.
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