Answered: Common stock,1,000 shares at Tk100 per…

Common stock,1,000 shares at Tk100 per share Tk.1,00,000 Retained earning Tk.50,000 Total 1,50,000 Prepare shareholders’ equity statement considering stock split 3 for 1.

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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Question

Common stock,1,000 shares at Tk100 per share Tk.1,00,000
Retained earning Tk.50,000
Total 1,50,000

Prepare shareholders’ equity statement considering stock split 3 for 1.

Definition Definition Remaining net income of the company after the required dividends are paid to shareholders. This surplus money is usually invested back into the business to expand its business operations or launch a new product.

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