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Presented below is information related to Hale Corporation: Share Capital- -Ordinary, $1 par  4 300,000 Share premium- -Ordinary 550.000 Share Capital Preference 8 1/2%, $50 par 2,000,000 Share premium -Preference 400,000 Retained Earnings 1,500,000 Treasury Shares Ordinary (at cost) 150,000 The total equity of Hale Corporation is Select one: a.$7,100,000.  b.$7,250,000. C.$8,600,000. d.8,750,000. 2.Randall pic is a company that, during the year ended 31 December 2020, paid $25,000 debenture interest and paid an ordinary dividend of 8 pence per share on 1 million £1 ordinary shares. The retained profit for the year was $160,000. What was Randall pc's profit for the year? Select one: a.$215,000 b.$80,000  c.$240,000 d.$265,000

Presented below is information related to Hale Corporation: Share Capital- -Ordinary, $1 par  4 300,000 Share premium- -Ordinary 550.000 Share Capital Preference 8 1/2%, $50 par 2,000,000 Share premium -Preference 400,000 Retained Earnings 1,500,000 Treasury Shares Ordinary (at cost) 150,000 The total equity of Hale Corporation is Select one: a.$7,100,000.  b.$7,250,000. C.$8,600,000. d.8,750,000. 2.Randall pic is a company that, during the year ended 31 December 2020, paid $25,000 debenture interest and paid an ordinary dividend of 8 pence per share on 1 million £1 ordinary shares. The retained profit for the year was $160,000. What was Randall pc's profit for the year? Select one: a.$215,000 b.$80,000  c.$240,000 d.$265,000

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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  1. Presented below is information related to Hale Corporation:

Share Capital- -Ordinary, $1 par  4 300,000

Share premium- -Ordinary 550.000

Share Capital Preference 8 1/2%, $50 par 2,000,000

Share premium -Preference 400,000

Retained Earnings 1,500,000

Treasury Shares Ordinary (at cost) 150,000

The total equity of Hale Corporation is

Select one:

a.$7,100,000.

 b.$7,250,000.

C.$8,600,000.

d.8,750,000.

2.Randall pic is a company that, during the year ended 31 December 2020, paid $25,000 debenture interest and paid an ordinary dividend of 8 pence per share on 1 million £1 ordinary shares. The retained profit for the year was $160,000. What was Randall pc's profit for the year? Select one:

a.$215,000

b.$80,000

 c.$240,000

d.$265,000

 

 

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