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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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:
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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