Question

Brubacher Corporation’s post-closing trial balance at December 31, 2012, was as follows:
At December 31, 2012, Brubacher had the following numbers for its common and preferred shares:
The dividends on preferred shares are $5 cumulative. In addition, the preferred shares have a preference in liquidation of $50 per share.
Instructions
Prepare the shareholders’ equity section of Brubacher’s balance sheet at December 31, 2012. The company follows IFRS. (AICPA adapted)


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  • CreatedAugust 23, 2015
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