The equity section of Martin Corporation consists of ordinary shares (10 par) 2,000,000 and retained earnings 300,000.
(a) The components of equity.
(b) Shares outstanding.
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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