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?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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

  1. 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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