Sarasota SA has issued 116,000 shares of €5 par value ordinary shares. It authorized 580,000 shares. The share premium on the ordinary shares is €246,000. The corporation has reacquired 6,600 shares at a cost of €46,000 and is currently holding those shares. Treasury shares were reissued in prior years for €53.000 more than their cost. The corporation also has 2.000 shares issued and outstanding of 7%, €100 par value preference shares. It authorized 10,000 shares. The share premium on the preference shares is €21,500. Retained earnings is €372,000. Prepare the equity section of the statement of financial position. (Enter the account name only and do not provide the descriptive information provided in the question) Equity SARASOTA SA Statement of Financial Position (partial)

Sarasota SA has issued 116,000 shares of €5 par value ordinary shares. It authorized 580,000 shares. The share premium on the ordinary shares is €246,000. The corporation has reacquired 6,600 shares at a cost of €46,000 and is currently holding those shares. Treasury shares were reissued in prior years for €53.000 more than their cost. The corporation also has 2.000 shares issued and outstanding of 7%, €100 par value preference shares. It authorized 10,000 shares. The share premium on the preference shares is €21,500. Retained earnings is €372,000. Prepare the equity section of the statement of financial position. (Enter the account name only and do not provide the descriptive information provided in the question) Equity SARASOTA SA Statement of Financial Position (partial)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 9PA: Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000...

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Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par value common stock at 15 per share (400,000 shares were authorized). During the period January 1, 2014, through December 31, 2019, Kent reported net income of 750,000 and paid cash dividends of 380,000. On January 5, 2019, Kent purchased 12,000 shares of its common stock at 12 per share. On December 28, 2019, 8,000 treasury shares were sold at 8 per share. Kent used the cost method of accounting for treasury shares. What is Kents total shareholders equity as of December 31, 2019? a. 3,290,000 b. 3,306,000 c. 3,338,000 d. 3,370,000
EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of $50 par value 6% preferred stock. It is also authorized to issue 1,750,000 shares of $1 par value common stock. In its fifth year, the corporation has the following transactions: Journalize the transactions.
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