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Use the Information provided below to answer the following questions. . . Victoria Products Inc. Equity Section of the Balance Sheet October 31, 2023 Contributed
Use the Information provided below to answer the following questions. . . Victoria Products Inc. Equity Section of the Balance Sheet October 31, 2023 Contributed capital: Preferred shares, $3 non-cumulative; unlimited shares authorized, A shares issued and outstanding Common shares, unlimited shares authorized, 328,000 shares issued and outstanding Total contributed capital Deficit Total equity Other Information: . All of the shares were issued during the first year of operations (year ended October 31, 2022). The common shares were issued for an average price of $9.9 per share. Required: 1. Calculate A. $ 603,900 Number of Preferred shares B C D $3,656,100 The preferred shares were issued for an average price of $18.3 per share. Retained Earnings at October 31, 2022, was $387,000. No dividends had been paid for the year ended October 31, 2023. 4
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