The financial statements of Eastern Platinum Limited (Eastplats) are presented in Appendix A at the end of

Question:

The of Eastern Platinum Limited (Eastplats) are presented in Appendix A at the end of this book.
Instructions
(a) How many common shares and preferred shares has Eastplats authorized? What value (e.g., no par value, par value, stated value) are these shares?
(b) Using the statement of changes in equity,
(1) Determine how many common shares were issued,
(2) Calculate the average cost of Eastplats's common shares at the end of 2010 and 2009.
(c) Did East plats declare any dividends in 2010 and 2009? If so, how much?
(d) Did Eastplats report a positive retained earnings amount or a deficit in 2010 and 2009?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...