On January 1, 2020 a company had the following equity balances. Share Capital - Ordinary (150,000...
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On January 1, 2020 a company had the following equity balances. Share Capital - Ordinary (150,000 shares issued) Share Premium - Ordinary Retained Earnings During 2020, the following transactions and events occurred: Please do not use thousands separators (.). a) Issued 20,000 ordinary shares for cash at CHF6 per share. b) Purchased 20,000 ordinary shares for the treasure at CHF7 per share. c) Declared and paid cash dividend of CHF101,000. d) Sold 6,000 treasury shares for cash at CHF6 per share. Earned net profit of CHF12,000. e) Share premium Retained earnings Determine the values as at 31 December 2020Answer (CHF in thousands) Share capital Treasury shares CHF 600,000 Total equity 400,000 0000 400,000 On January 1, 2020 a company had the following equity balances. Share Capital - Ordinary (150,000 shares issued) Share Premium - Ordinary Retained Earnings During 2020, the following transactions and events occurred: Please do not use thousands separators (.). a) Issued 20,000 ordinary shares for cash at CHF6 per share. b) Purchased 20,000 ordinary shares for the treasure at CHF7 per share. c) Declared and paid cash dividend of CHF101,000. d) Sold 6,000 treasury shares for cash at CHF6 per share. Earned net profit of CHF12,000. e) Share premium Retained earnings Determine the values as at 31 December 2020Answer (CHF in thousands) Share capital Treasury shares CHF 600,000 Total equity 400,000 0000 400,000
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date:
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