Ace Company stockholder’s equity at the end of 2015 is shown in the table below. Preference share capital, €10 par value €500,000 Share premium – Preference €280,000 Ordinary share capital, €25 stated value €1,500,000 Share premium - Ordinary €900,000 Treasury Shares (10,000 ordinary shares) €150,000 Retained earnings €1,235,000 Determine how many shares of ordinary shares are outstanding? and b) determine how much must be the total shareholder’s equity?
Ace Company stockholder’s equity at the end of 2015 is shown in the table below. Preference share capital, €10 par value €500,000 Share premium – Preference €280,000 Ordinary share capital, €25 stated value €1,500,000 Share premium - Ordinary €900,000 Treasury Shares (10,000 ordinary shares) €150,000 Retained earnings €1,235,000 Determine how many shares of ordinary shares are outstanding? and b) determine how much must be the total shareholder’s equity?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Ace Company
|
€500,000 |
Share premium – Preference |
€280,000 |
Ordinary share capital, €25 stated value |
€1,500,000 |
Share premium - Ordinary |
€900,000 |
Treasury Shares (10,000 ordinary shares) |
€150,000 |
|
€1,235,000 |
- Determine how many shares of ordinary shares are outstanding? and b) determine how much must be the total shareholder’s equity?
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