a. Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained earnings $297 600 b. Preference shares $250 000; Ordinary shares $1 050 000; Reserves $140 000; Retained earnings $320 700 c. Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained earnings $319 600 d. Preference shares $250 000; Ordinary shares $1 050 500; Reserves $140 000; Retained earnings $1 760 700
a. Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained earnings $297 600 b. Preference shares $250 000; Ordinary shares $1 050 000; Reserves $140 000; Retained earnings $320 700 c. Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained earnings $319 600 d. Preference shares $250 000; Ordinary shares $1 050 500; Reserves $140 000; Retained earnings $1 760 700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
a. Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained earnings $297 600
b. Preference shares $250 000; Ordinary shares $1 050 000; Reserves $140 000; Retained earnings $320 700
c. Preference shares $250 000; Ordinary shares $1 073 100; Reserves $140 000; Retained earnings $319 600
d. Preference shares $250 000; Ordinary shares $1 050 500; Reserves $140 000; Retained earnings $1 760 700
![The shareholders' equity section of the 30 June 2020 balance sheet for Charbel
Constructions is as follows:
Preference shares $250
(100 000)
00
Ordinary shares
$1 050
(300 000)
000
$140
Reserves
000
$320
Retained earnings
700
Total shareholders' $1 760
equity
700
On 1 July 202O the company declared a 7% share dividend, payable to ordinary
shareholders on 15 July 2020. On 1 July the share price was $1.20 per ordinary share
and on 15 July the market price was $1.10 per ordinary share.
After the share dividend, the components of the company's shareholders' equity
section are:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc990b601-5d86-4243-8496-5778d2fecc93%2F462f3630-66cb-4f69-95eb-5b8bdcc00faf%2F774sfw_processed.png&w=3840&q=75)
Transcribed Image Text:The shareholders' equity section of the 30 June 2020 balance sheet for Charbel
Constructions is as follows:
Preference shares $250
(100 000)
00
Ordinary shares
$1 050
(300 000)
000
$140
Reserves
000
$320
Retained earnings
700
Total shareholders' $1 760
equity
700
On 1 July 202O the company declared a 7% share dividend, payable to ordinary
shareholders on 15 July 2020. On 1 July the share price was $1.20 per ordinary share
and on 15 July the market price was $1.10 per ordinary share.
After the share dividend, the components of the company's shareholders' equity
section are:
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