Vector Gaming Ltd. showed the following equity account balances on December 31, 2020: Common shares, 100,000 shares
Question:
Vector Gaming Ltd. showed the following equity account balances on December 31, 2020:
Common shares, 100,000 shares authorized;
28,000 shares issued and outstanding ................................................... $476,000
Retained earnings ......................................................................................... 85,000
On January 2, 2021, Vector declared and distributed a 3:1 share split. Prepare a comparative equity section immediately before and after the share split similar to Exhibit 13.4.
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VECTOR GAMING LTD Equity Section of Balance Sheet Dec 31 2020 Before ...View the full answer
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Related Book For 
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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