How much is the total shareholders' equity at December 31, 2021? (THOR COMPANY) 2. How many ordinary
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2. How many ordinary shares are issued and outstanding respectively as of December 31, 2021? (THOR COMPANY)
3. What is the total amount of dividends on preference and ordinary shares? (THOR COMPANY)
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The capital structure of THOR Company on December 31, 2020, is as follows: 12% Preference shares, #200 par, 15,000 shares issued and outstanding - 3,000,000 Ordinary shares, #30 par, 250,000 shares issued and outstanding -7,500,000 Share premium, preference - P900,000 Share premium, ordinary-P750,000 Retained earnings - P2,100,000 ● ● The following selected transactions relating to shareholders' equity were noted in 2021: Purchased and retired 2,000 preference shares at $280 each a. b. Purchased 30,000 of its own ordinary shares at $35 per share c. Reissued 5,000 treasury shares at $38 per share. d. Shareholders donated to the company 20,000 ordinary shares when the market price is $36 per share. One-half of the donated shares were issued for $39 each. e. f. Profit for 2021 was $1,850,000 The BOD declared and paid the regular annual dividend on the preference shares and $1.50 dividend per ordinary share. The capital structure of THOR Company on December 31, 2020, is as follows: 12% Preference shares, #200 par, 15,000 shares issued and outstanding - 3,000,000 Ordinary shares, #30 par, 250,000 shares issued and outstanding -7,500,000 Share premium, preference - P900,000 Share premium, ordinary-P750,000 Retained earnings - P2,100,000 ● ● The following selected transactions relating to shareholders' equity were noted in 2021: Purchased and retired 2,000 preference shares at $280 each a. b. Purchased 30,000 of its own ordinary shares at $35 per share c. Reissued 5,000 treasury shares at $38 per share. d. Shareholders donated to the company 20,000 ordinary shares when the market price is $36 per share. One-half of the donated shares were issued for $39 each. e. f. Profit for 2021 was $1,850,000 The BOD declared and paid the regular annual dividend on the preference shares and $1.50 dividend per ordinary share.
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To answer these questions lets calculate the changes in shareholders equity for THOR Company based on the given transactions a Purchased and retired 2... View the full answer
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