The following information is available for Beauvalon Inc. for the preparation of its September 30, 2020, financial statements:

Income before taxes		$464,160
Income tax expense		$62,300
Other comprehensive income (loss)		$(11,700)
Earnings per share		$1.892
Dividends declared, common		$35,000
Dividends declared, preferred		$14,000
Retained earnings, October 1, 2019		$1,456,650
Accumulated other comprehensive income, October 1, 2019		$43,600
Share capital, common shares, October 1, 2019		$2,300,000
Share capital, preferred shares, October 1, 2019		$400,000

How many common shares does Beauvalon have outstanding?

Common shares

shares

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Prepare the shareholders' equity section of the statement of financial position as at September 30, 2020. (Hint: Identify which accounts will appear in the equity section and then calculate the year-end balances in those accounts.) Shareholders' equity, September 30, 2020: 24 2$ $. Prepare the shareholders' equity section of the statement of financial position as at September 30, 2020. (Hint: Identify which accounts will appear in the equity section and then calculate the year-end balances in those accounts.) Shareholders' equity, September 30, 2020: 24 2$ $.

Answer rating: 100% (QA)

Stockholders equity September 302020 Paid in capital Share capital common s... View the full answer