J Corporation issued 400,000 ordinary shares when it began operations in 2019 and issued an additional 200,000 shares in the same year. J Corporation also issued preferred shares convertible into 200,000 ordinary shares. In 2019, J Corporation purchased 150,000 ordinary shares and held it in treasury. At December 31, 2019, how many shares of J Corporation’s ordinary share capital were outstanding? a.600,000         b.650,000         c.450,000 d.800,000

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A: Retained earning means amount of profit remain after all the adjustment of expense and various…

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A: Journal entries are prepared to record the financial and non financial transactions of the business.

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A: The share premium account represents the excess amount received from the issuance of shares. The…

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A: Treasury stock: Treaseury stock are the shares which are bought back by the company from the open…

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A: The journal entries are prepared to keep the record of day to day transactions of the business.

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Q: retained earnings?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.