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Sizzle Company shareholders' equity at the beginning of 2010 is shown at the table below: Ordinary Share capital, USD20 par value, authorized 50,000 shares; issued and outstanding USD600,000 30,000 shares Ordinary Share premium Retained earnings USD150,000 USD230,000 In addition, during the year, these transactions happened: 2,500 shares were repurchased as treasury shares at a price of USD28 per share. 500 treasury shares were sold at a price of USD32 700 shares of treasury shares were sold at a price of USD24 per share. Sizzle Company reported a net income of USD120,000 for the current year. а. b. per share. с. d. Please calculate how many shares of ordinary share capital are outstanding of Sizzle Company after recoding all these transactions. Show complete solution and explanation.

Sizzle Company shareholders' equity at the beginning of 2010 is shown at the table below: Ordinary Share capital, USD20 par value, authorized 50,000 shares; issued and outstanding USD600,000 30,000 shares Ordinary Share premium Retained earnings USD150,000 USD230,000 In addition, during the year, these transactions happened: 2,500 shares were repurchased as treasury shares at a price of USD28 per share. 500 treasury shares were sold at a price of USD32 700 shares of treasury shares were sold at a price of USD24 per share. Sizzle Company reported a net income of USD120,000 for the current year. а. b. per share. с. d. Please calculate how many shares of ordinary share capital are outstanding of Sizzle Company after recoding all these transactions. Show complete solution and explanation.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 1MP: Stockholders equity accounts and other related accounts of Gonzales Company as of January 1, 20--,...
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Sizzle Company shareholders' equity at the beginning of 2010 is shown at the table below: Ordinary Share capital, USD20 par value, authorized 50,000 shares; issued and outstanding 30,000 shares USD600,000 Ordinary Share premium Retained earnings USD150,000 USD230,000 In addition, during the year, these transactions happened: share. 2,500 shares were repurchased as treasury shares at a price of USD28 500 treasury shares were sold at a price of USD32 per share. 700 shares of treasury shares were sold at a price of USD24 per share. а. per b. с. d. Sizzle Company reported a net income of USD120,000 for the current year. Please calculate how many shares of ordinary share capital are outstanding of Sizzle Company after recoding all these transactions. Show complete solution and explanation.
Transcribed Image Text:Sizzle Company shareholders' equity at the beginning of 2010 is shown at the table below: Ordinary Share capital, USD20 par value, authorized 50,000 shares; issued and outstanding 30,000 shares USD600,000 Ordinary Share premium Retained earnings USD150,000 USD230,000 In addition, during the year, these transactions happened: share. 2,500 shares were repurchased as treasury shares at a price of USD28 500 treasury shares were sold at a price of USD32 per share. 700 shares of treasury shares were sold at a price of USD24 per share. а. per b. с. d. Sizzle Company reported a net income of USD120,000 for the current year. Please calculate how many shares of ordinary share capital are outstanding of Sizzle Company after recoding all these transactions. Show complete solution and explanation.
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