Pido, Rea lee Joy 21/04/21
Answer 1:
Contributed Capital
10% preference share capital, cumulative and non-participating 100 par
30,000 shares authorized; 12,000 shares issued and outstanding 1,200,000
Ordinary share capital, 10 par, 100,000 shares authorized 40,000 shares
Issued 39,000 shares outstanding 400,000
Share premium- preference 300,000
Share premium- ordinary 140,000
Total contributed capital 2,040,000
Retained earnings
Appropriated for treasury share 18,000
Unappropriated 332,000
Treasury shares, 1000 ordinary shares at cost 350,000
Treasury shares, 1000 ordinary shares at cost (18,000)
Total shareholder’s equity 2,372,000
Answer 1:
Contributed Capital
10% preference share capital, cumulative and non-participating 100 par
30,000 shares authorized; 12,000 shares issued and outstanding 1,200,000
Ordinary share capital, 10 par, 100,000 shares authorized 40,000 shares
Issued 39,000 shares outstanding 400,000
Share premium- preference 300,000
Share premium- ordinary 140,000
Total contributed capital 2,040,000
Retained earnings
Appropriated for treasury share 18,000
Unappropriated 332,000
Treasury shares, 1000 ordinary shares at cost 350,000
Treasury shares, 1000 ordinary shares at cost (18,000)
Total shareholder’s equity 2,372,000
