The shareholders' equity section of the 30 June 2020 balance sheet for Charbel Constructions is as...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The shareholders' equity section of the 30 June 2020 balance sheet for Charbel Constructions is as follows: Preference shares (100 000) Ordinary shares (300 $1 050 000) $250 000 000 $140 000 $320 700 Reserves Retained earnings Total shareholders' equity $1 760 700 On 1 July 2020 the company declared a 7% share dividend, payable to ordinary shareholders on 15 July 2020. On 1 July the share price was $1.20 per ordinary share and on 15 July the market price was $1.10 per ordinary share. After the share dividend, the components of the company's shareholders' equity section are: O Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained eamings $319 600 O Preference shares $250 000; Ordinary shares $1 050 000; Reserves $140 000; Retained eamings $320 700 O Preference shares $250 000; Ordinary shares $1 050 500; Reserves $140 000; Retained earnings $1 760 700 O Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained earnings $297 600 The shareholders' equity section of the 30 June 2020 balance sheet for Charbel Constructions is as follows: Preference shares (100 000) Ordinary shares (300 $1 050 000) $250 000 000 $140 000 $320 700 Reserves Retained earnings Total shareholders' equity $1 760 700 On 1 July 2020 the company declared a 7% share dividend, payable to ordinary shareholders on 15 July 2020. On 1 July the share price was $1.20 per ordinary share and on 15 July the market price was $1.10 per ordinary share. After the share dividend, the components of the company's shareholders' equity section are: O Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained eamings $319 600 O Preference shares $250 000; Ordinary shares $1 050 000; Reserves $140 000; Retained eamings $320 700 O Preference shares $250 000; Ordinary shares $1 050 500; Reserves $140 000; Retained earnings $1 760 700 O Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained earnings $297 600
Expert Answer:
Answer rating: 100% (QA)
Preference Share Ordinary Shares Reserves Retained Earnings ... View the full answer
Related Book For
Accounting Texts and Cases
ISBN: 978-1259097126
13th edition
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
Posted Date:
Students also viewed these accounting questions
-
On December 31, 2015, the shareholders equity section of the statement of financial position of R & B Corporation reflected the following: Common shares (no par value, authorized 60,000 shares,...
-
The shareholders equity section of Rudnicki Corporation contained the following balances as of December 31, 2011: Preferred stock (10% $10 par value, cumulative) ........ $1000 Preferred stock (12%,...
-
The shareholders equity section of Golden Corporations comparative balance sheet at the end of 2010 and 2009 was presented as follows at a recent shareholders' meeting: The following items were also...
-
Give Jacobson et al.s definition of a component.
-
Kathy Burnett works for Triumph Industries. Her pay rate is $13.44 per hour and she receives overtime pay at one and one-half times her regular hourly rate for any hours worked beyond 40 in a week....
-
For the reaction below, Kp = 1.16 at 800oC. CaCO3(s) CaO(s) + CO2(g) If a 20.0- g sample of CaCO3 is put into a 10.0- L container and heated to 800oC, what percentage by mass of the CaCO3 will react...
-
The Arcadia Company was founded by Thomas Smith and began operations in July 2015 as a neighborhood hardware store, selling branded lawn and garden supplies, household products, and small tools. The...
-
Kapoor Company uses job-order costing. During January, the following data were reported: a. Materials purchased on account: direct materials, $98,500; indirect materials, $14,800. b. Materials...
-
A local veterinarian clinic has been serving a community for 3 0 years and is interested in measuring the perception of its clinic and its messaging over time. It conducts surveys every five years to...
-
1. Since Mr. Snodgrass doesnt have any historical data, (only an estimate of the number of customers hell serve each month), which specific type of qualitative method is he using? What would be the...
-
First, classify each as O (operating), I (investing) or F (financing) activities. Then, indicate the effect on cash flow for each ... cash "inflow",__a cash outflow" or "no effect" on cash flows....
-
The system in the figure is in balance mass so that it cannot beWhat should be the weight of the body? W = 120kN
-
Compute the weakest precondition for the following statements and their postcondition: W = y-2*x+4; y = 4w+10; x = 2"y; {x > 6}
-
You should already have a class called Numbers from the first exercise. Add the following methods to it. An instance method called randomize() that creates and assigns random number in the range 0 to...
-
What are the two methods that we can use to find the shear angle? Briefly explain how each method works.
-
From Cross Culture management..In each of this Globalization, Business Environment and Trade, Cross-Cultural Communication and Negotiation, Leadership across Cultures. What do you learn from this...
-
It is often hard to compare the value of two items if they are priced in different currencies. Write a program that will allow a user to enter the cost of a purchase in US dollars, Australian...
-
You are a Loan Officer with an Investment Bank. Today you need to set your lending parameters. They are: LTV: 55% 10 Year T-Bill: TBD Rate Markup: 300 Basis Points Term: 30 Years Amortization: 30...
-
Kids 'n Caboodle, a children's clothing store, had the following cash receipts and disbursements for its first year of operations: The store has no accounts receivable (it accepts only cash or bank...
-
Marks Manufacturing Company has the following beginning balances: Materials inventory ................................. $100,000 Work in process ..................................... 370,000 Finished...
-
Copies Express was incorporated on November 20, 2009, and began operating on January 2, 2010. The balance sheet as of the beginning of operations is shown in Exhibit 1. In preparing financial...
-
The greater the rate of economic growth, the _________ rapidly poverty will be eradicated.
-
Using a relative definition of poverty, poverty cannot be eradicated by economic growth but only by _________.
-
Because the federal income tax is _________, it tends to redistribute income in a way that reduces income disparities.
Study smarter with the SolutionInn App