Reference no: EM132711352
Question - Below is the statement of shareholder's equity of Kenobi Ltd.:
December 31, 2019 Shareholders' equity
Preference share capital (2,000 shares) $98,000
Ordinary share capital (5,500 shares) 120,000
Retained profits 450,000
Total shareholders' equity 668,000
The following transactions happen during 2020:
(a) Apr 3: Issuance of ordinary shares - 1,200 shares @ $30 per share
(b) June 9: Repurchase 750 shares of preference share at $42 per share, out of share capital
(c) Dec 13: Issue 4 bonus ordinary shares for each 10 ordinary shares. The company has decided to capitalize 1/5 of its retained profits for this bonus share issuance.
(d) Net income is $92,400 for the year.
Required - Prepare the Statement of Changes of Shareholders' Equity and Statement of Shareholders' Equity for year 2020.
|
EG7033 Structural Dynamics and Stability Assignment
: EG7033 Structural Dynamics and Stability Assignment Help and Solution, University of East London - Assessment Writing Service
|
|
How much was the output tax on January
: The zonal value of the residual lot was P2,800,000. How much was the output tax on January 15 2007 using 12% VAT rate? Show your solution
|
|
Portfolio assessments are obvious choice for subjects
: Portfolio assessments are an obvious choice for subjects such as art, language arts, social studies, and capstone projects for student teachers.
|
|
What is the? automobile basis for depreciation
: Sonny purchased an automobile for personal use on January 18, 2016. What is the? automobile's basis for depreciation when converted to business use in 2020??
|
|
Prepare the Statement of Changes of Shareholders Equity
: Issuance of ordinary shares - 1,200 shares @ $30 per share. Prepare the Statement of Changes of Shareholders' Equity and Statement of Shareholders' Equity
|
|
Focus on building a relationship for learning
: A mentor is more effective in the long run if they have an initial focus on building a relationship for learning.
|
|
What proportion of kohl corporation is financed by debt
: The total assets of Kohl's Corporation equal $13,905 million and its shareholders' equity is $6,048. What proportion of Kohl's Corporation is financed by debt
|
|
Calculate the standard cost of direct materials per deck
: Calculate the standard cost of direct materials (per deck). Dex, Inc. installs pre-built decks on mobile homes. They expect to make 300 decks next year
|
|
Discuss three audit issues
: Discuss three audit issues (such as independence, due diligence and valuation) that arose during the WorldCom collapse
|