Following is part of the statement of the financial position of Kale Co. Kale Co. Statement...

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Following is part of the statement of the financial position of Kale Co. Kale Co. Statement of the Financial Position (Partial) 31/12/2021 Share Capital - Ordinary, 40,000 shares issued 80,000 Share Premium - Ordinary 120,000 Retained Earnings 310,000 24,000 486,000 Less: Treasury Shares, 3,000 share Total Equity Required: answer the following questions: 1- What is the par value per share? 2- Assuming that all the shares were issued at one time, what is the issuing price per share? 3- What is the total number of outstanding shares? 4- Assuming that all the treasury shares were purchases at one time, what is the cost per share? 5- If the accountant discovered that the rent expense was overestimated by 16,000 in 2019, what should the correct retained earnings on 31/12/2021 be? 6- If the company decided to make a 4:1 stock split, what will the new par value be? Following is part of the statement of the financial position of Kale Co. Kale Co. Statement of the Financial Position (Partial) 31/12/2021 Share Capital - Ordinary, 40,000 shares issued 80,000 Share Premium - Ordinary 120,000 Retained Earnings 310,000 24,000 486,000 Less: Treasury Shares, 3,000 share Total Equity Required: answer the following questions: 1- What is the par value per share? 2- Assuming that all the shares were issued at one time, what is the issuing price per share? 3- What is the total number of outstanding shares? 4- Assuming that all the treasury shares were purchases at one time, what is the cost per share? 5- If the accountant discovered that the rent expense was overestimated by 16,000 in 2019, what should the correct retained earnings on 31/12/2021 be? 6- If the company decided to make a 4:1 stock split, what will the new par value be?

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Answer1 Par Value per Share Total Amount No of Common Sto... View the full answer