1. Calculate A assuming an average issue price of $12 per share. 2. Calculate B assuming an...
Question:
1. Calculate A assuming an average issue price of $12 per share.
2. Calculate B assuming an average issue price of $60 per share.
3. Calculate C assuming the average issue price was $3.00 per share.
4. Calculate D.
5. Calculate E assuming that Rainchief Energy Inc. showed profit/losses for the years ended October 31, 2017, 2018, 2019, and 2020, of $1,500,000, $1,050,000, $780,000, and $(1,320,000) respectively. Dividends totalling $720,000 were declared and paid during the year ended October 31, 2017. No other dividends have been declared to date.
6. Calculate F.
7. Calculate any dividends in arrears as at October 31, 2020 (all of the shares were issued early in 2017).
Step by Step Answer:
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann