The shareholders equity of EDCU CORP as of Jan 1, 2021 appeared below Ordinary shares, 100 par, 500,000 shares authorized, issued 90,000 shares issued and outstanding 9,000,000 Share premium ordinary 4,000,000 Retained earnings 4,500,000 Transaction on 2021 Jan 5- issued 5000 shares at 120 per share to Mars Corp Feb 9-Apollo Inc subscribed 10,000 shares at 150 March 30- Received cash from all 10,000 subcscribed On Feb 9 July 10-declared 10% share dividend, market value of the shares was 150 per share on all issued and outstanding as of July 20 July 30-issued the share dividend declared on July 10 August 24 the company purchased 9000 of its own shares at 200 per share Sept 30- reissued 5000 treasury at 200 per share
The shareholders equity of EDCU CORP as of Jan 1, 2021 appeared below Ordinary shares, 100 par, 500,000 shares authorized, issued 90,000 shares issued and outstanding 9,000,000 Share premium ordinary 4,000,000 Retained earnings 4,500,000 Transaction on 2021 Jan 5- issued 5000 shares at 120 per share to Mars Corp Feb 9-Apollo Inc subscribed 10,000 shares at 150 March 30- Received cash from all 10,000 subcscribed On Feb 9 July 10-declared 10% share dividend, market value of the shares was 150 per share on all issued and outstanding as of July 20 July 30-issued the share dividend declared on July 10 August 24 the company purchased 9000 of its own shares at 200 per share Sept 30- reissued 5000 treasury at 200 per share
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 27CE: Calculating the Number of Shares Issued Castalia Inc. issued shares of its $0.80 par value common...
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