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Engels At the beginning of May, Superend Company issued 380 000 preference shares with a par value of €140 and a market value of €232. During May, the company repurchased 838 000 ordinary shares with a par value of €40 and a market value of €54. Requirement: By how much did the cash position of Superend change during May? N.B.: Pick the option closest to your calculation. €-23 228 000 €23 228 000 €42 908 000 €-42 908 00O

Engels At the beginning of May, Superend Company issued 380 000 preference shares with a par value of €140 and a market value of €232. During May, the company repurchased 838 000 ordinary shares with a par value of €40 and a market value of €54. Requirement: By how much did the cash position of Superend change during May? N.B.: Pick the option closest to your calculation. €-23 228 000 €23 228 000 €42 908 000 €-42 908 00O

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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Engels At the beginning of May, Superend Company issued 380 000 preference shares with a par value of €140 and a market value of €232. During May, the company repurchased 838 000 ordinary shares with a par value of €40 and a market value of €54. Requirement: By how much did the cash position of Superend change during May? N.B.: Pick the option closest to your calculation. €-23 228 000 €23 228 000 €42 908 000 €-42 908 00O
Transcribed Image Text:Engels At the beginning of May, Superend Company issued 380 000 preference shares with a par value of €140 and a market value of €232. During May, the company repurchased 838 000 ordinary shares with a par value of €40 and a market value of €54. Requirement: By how much did the cash position of Superend change during May? N.B.: Pick the option closest to your calculation. €-23 228 000 €23 228 000 €42 908 000 €-42 908 00O
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