Reference no: EM132910291
Question - Love Corporation provided the following data during the first year of operations:
Sold 30,000 preference shares, 12%, $100 par at $140.
Sold 100,000 ordinary shares of $50 par at $55.
Purchased and retired 10,000 preference shares at $120.
Purchased 15,000 ordinary shares at $52 to be held at treasury.
Sold 10,000 treasury ordinary shares at $60.
Shareholders donated to the entity 20,000 ordinary shares when shares had a market price of $60. One-half of these shares were sold for $65.
Required - How much are the balances of:
Ordinary Share Capital
Treasury Stock
Share Premium Preference
Ordinary Shares Outstanding
Share Premium Treasury
Preference Share Capital