The shareholders' equity section of the 30 June 2020 balance sheet for Charbel Constructions is as...
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The shareholders' equity section of the 30 June 2020 balance sheet for Charbel Constructions is as follows: Preference shares (100 000) Ordinary shares (300 $1 050 000) $250 000 000 $140 000 $320 700 Reserves Retained earnings Total shareholders' equity $1 760 700 On 1 July 2020 the company declared a 7% share dividend, payable to ordinary shareholders on 15 July 2020. On 1 July the share price was $1.20 per ordinary share and on 15 July the market price was $1.10 per ordinary share. After the share dividend, the components of the company's shareholders' equity section are: O Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained eamings $319 600 O Preference shares $250 000; Ordinary shares $1 050 000; Reserves $140 000; Retained eamings $320 700 O Preference shares $250 000; Ordinary shares $1 050 500; Reserves $140 000; Retained earnings $1 760 700 O Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained earnings $297 600 The shareholders' equity section of the 30 June 2020 balance sheet for Charbel Constructions is as follows: Preference shares (100 000) Ordinary shares (300 $1 050 000) $250 000 000 $140 000 $320 700 Reserves Retained earnings Total shareholders' equity $1 760 700 On 1 July 2020 the company declared a 7% share dividend, payable to ordinary shareholders on 15 July 2020. On 1 July the share price was $1.20 per ordinary share and on 15 July the market price was $1.10 per ordinary share. After the share dividend, the components of the company's shareholders' equity section are: O Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained eamings $319 600 O Preference shares $250 000; Ordinary shares $1 050 000; Reserves $140 000; Retained eamings $320 700 O Preference shares $250 000; Ordinary shares $1 050 500; Reserves $140 000; Retained earnings $1 760 700 O Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained earnings $297 600
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Accounting Texts and Cases
ISBN: 978-1259097126
13th edition
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
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