Question: Current Attempt in Progress Cullumber SA reported the following balances at December 31, 2019: share capital-ordinary 540.000, share premium-ordinary 140,000, and retained earnings 305.000. During
Current Attempt in Progress Cullumber SA reported the following balances at December 31, 2019: share capital-ordinary 540.000, share premium-ordinary 140,000, and retained earnings 305.000. During 2020, the following transactions affected equity. Issued preference shares with a par value of 138,000 for 193,000 Purchased treasury shares (ordinary) for 40.000 Earned net income of 188,000, Declared and paid cash dividends of 59,000 1. 2. 3 4 Prepare the equity section of Cullumber SA's December 31, 2020, statement of financial position CULLUMBER SA Statement of Financial Position (Partial)
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