Reference no: EM132995865
Question - ABC" Company has the following balances in shareholders' equity on December 31st, 2019.
Share Capital-Preference Shares -$90 par $630,000
Share Capital-Ordinary Shares -$5 par $275,000
Share Premium-Preference Shares $100,000
Share Premium-Ordinary Shares $600,000
Retained earnings $250,000
Treasury stock (cost -$12 per share) $144,000
Required - Based on the above given information answer the following questions:
How many shares of preference shares were issued?
How many shares of ordinary shares were issued?
How many shares of treasury stock are owned?
How many shares of ordinary shares are outstanding?
What was the average market price per share at which ordinary share was issued?
What was the average market price per share at which preference share was issued?
What is the total value of shareholders' equity?
If net income for the year was $75,000 and a preferred stock dividend of $20,000 was paid, what was the beginning value of retained earnings?
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