Homework Answers
| Date | Particulars | Amount |
| Jan-01 | Issued 7 lakh shares @ $9 (7Lakh*9) | 63,00,000 |
| Mar-01 | Issued 4.5 lakh shares @ $10.50 (4.5 Lakh*10.50) | 47,25,000 |
| Dec-01 | 5% stock divident issued to outsstanding shareholders @ $10 ( 50000 *10) | 5,00,000 |
| Net profit (10 Lakh-5Lakh) | 5,00,000 | |
| 1,20,25,000 | ||
| Jan-01 | Cash divident | -2,00,000 |
| Total shareholders equity | 1,18,25,000 |
Total share holders equity =1,18,25,000
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SHARES AND SHAREHOLDERS EQUIT Times New Rom BIU I On January 1 2020, Mark Company authorized...
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authorized to issue 14,000 shares of 8%, $100 par value preferred
stock, and 550,000 shares of no-par common stock with a stated
value of $3 per share. The following stock transactions were
completed during the first year:
Jan. 10
Issued 80,500 shares of common stock for cash at $6 per
share.
Mar. 1
Issued 4,400 shares of preferred stock for cash at $105 per
share.
Apr. 1
Issued 24,500 shares...
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Sunland Company was organized on January 1, 2020. It is
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stock, and 550,000 shares of no-par common stock with a stated
value of $3 per share. The following stock transactions were
completed during the first year:
Jan. 10
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share.
Mar. 1
Issued 4,400 shares of preferred stock for cash at $105 per
share.
Apr. 1
Issued 24,500 shares...
Bramble Corporation was organized on January 1, 2020. It is authorized to Issue 11,000 shares of 8%, $100 par value preferred stock, and 524,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 83,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 4,600 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 23,000 shares...
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