Question: Current Attempt in Progress The following items were shown on the balance sheet of Larkspur Corporation on December 31, 2024: Shareholders' Equity Share Capital
Current Attempt in Progress The following items were shown on the balance sheet of Larkspur Corporation on December 31, 2024: Shareholders' Equity Share Capital $2 preferred shares, redeemable at $120, cumulative, 44,000 shares authorized, 30,000 shares issued Common shares, no par value, unlimited number of shares authorized,? shares issued Total share capital Retained Earnings Total shareholders' equity $540,000 1,920,000 2,460,000 980,000 $3,440,000 Complete the following statements. All of the common shares were issued at $5 per share. a) The number of common shares issued was b) The preferred shares dividend is $ per share C It would cost the company $ to redeem 10.600 preferred shares. d) The average issue price of the preferred shares was $ e) The total amount of cash and other assets paid to Larkspur Corporation in exchange for share capital at December 31, 2024, wa
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