Venco Corporation's December 31, 2014 statement of financial position showed the following: Share CapitalPreference 8%, 20 par
Fantastic news! We've Found the answer you've been seeking!
Question:
Venco Corporation's December 31, 2014 statement of financial position showed the following:
Share CapitalPreference 8%, 20 par value, cumulative, 10,000 shares authorized; 7,500 shares issued | 150,000 |
Share Capitalordinary, 10 par value, 1,000,000 shares authorized; 975,000 shares issued, 960,000 shares outstanding | 9,750,000 |
Share premiumpreference | 30,000 |
Share premiumordinary | 13,500,000 |
Retained earnings | 3,750,000 |
Treasury shares (15,000 shares) | 315,000 |
Venco declared and paid a 45,000 cash dividend on December 15, 2014. If the companys dividends in arrears prior to that date were 9,000, Venco's ordinary shareholders received
Posted Date: