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Very short question please help!! Omega Products Company reported the shareholders' equity shown below on its balance sheet. Read the requirements. Requirement 1. What could
Very short question please help!!
Omega Products Company reported the shareholders' equity shown below on its balance sheet. Read the requirements. Requirement 1. What could have caused Omega Products's preferred shares to decrease during 20X2? Cite all the possible causes. (Select all that apply.) A. Conversion of common shares into preferred shares B. Issuance of common shares for cash or other assets C. Stock dividend D. Earning profits from operating the business E. Retirement of common shares F. Stock split G. Issuance of preferred shares H. Retirement of preferred shares I. Conversion of preferred shares into common shares Omega Products Company reported the shareholders' equity shown below on its balance sheet. View the shareholders' equity information. Read the requirements. Requirement 2. What could have caused Omega Products's common shares to increase during 20X2? Identify all the possible causes. (Select all that apply.) A. Earning profits from operating the business B. Stock dividend C. Issuance of preferred shares D. Conversion of common shares into preferred shares E. Issuance of common shares for cash or other assets F. Stock split G. Retirement of preferred shares H. Conversion of preferred shares into common shares I. Retirement of common shares Requirement 3. How many shares of Omega Products were outstanding as of December 31, 20X2? (Enter the amount in millions as provided in the problem statement.) Omega Products's shares outstanding as of December 31, 20X2: Requirement 4. Omega Products's net income during 20X2 was $1,460 million. How much were Omega Products's dividends during the year? (Enter the amount in millions as provided in the problem statement.) Dividends paid during the year amounted to: Shareholders' equity information 1. What could have caused Omega Products's preferred shares to decrease during 20X2? Cite all the possible causes. 2. What could have caused Omega Products's common shares to increase during 202 ? Identify all the possible causes. 3. How many shares of Omega Products were outstanding as of December 31 , 202 ? 4. Omega Products's net income during 202 was $1,460 million. How much were Omega Products's dividends during the yearStep by Step Solution
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