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

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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