Sarasota SA has issued 116,000 shares of €5 par value ordinary shares. It authorized 580,000 shares. The share premium on the ordinary shares is €246,000. The corporation has reacquired 6,600 shares at a cost of €46,000 and is currently holding those shares. Treasury shares were reissued in prior years for €53.000 more than their cost. The corporation also has 2.000 shares issued and outstanding of 7%, €100 par value preference shares. It authorized 10,000 shares. The share premium on the preference shares is €21,500. Retained earnings is €372,000. Prepare the equity section of the statement of financial position. (Enter the account name only and do not provide the descriptive information provided in the question) Equity SARASOTA SA Statement of Financial Position (partial)
Sarasota SA has issued 116,000 shares of €5 par value ordinary shares. It authorized 580,000 shares. The share premium on the ordinary shares is €246,000. The corporation has reacquired 6,600 shares at a cost of €46,000 and is currently holding those shares. Treasury shares were reissued in prior years for €53.000 more than their cost. The corporation also has 2.000 shares issued and outstanding of 7%, €100 par value preference shares. It authorized 10,000 shares. The share premium on the preference shares is €21,500. Retained earnings is €372,000. Prepare the equity section of the statement of financial position. (Enter the account name only and do not provide the descriptive information provided in the question) Equity SARASOTA SA Statement of Financial Position (partial)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Sarasota SA has issued 116,000 shares of €5 par value ordinary shares. It authorized 580,000 shares. The share premium on the
ordinary shares is €246,000. The corporation has reacquired 6,600 shares at a cost of €46,000 and is currently holding those shares.
Treasury shares were reissued in prior years for €53,000 more than their cost.
The corporation also has 2.000 shares issued and outstanding of 7%, €100 par value preference shares. It authorized 10,000 shares.
The share premium on the preference shares is €21,500. Retained earnings is €372,000.
Prepare the equity section of the statement of financial position. (Enter the account name only and do not provide the descriptive
information provided in the question)
Equity
SARASOTA SA
Statement of Financial Position (partial)
SUPPORT
Transcribed Image Text:pal
Retained Earnings
Less Treasury Shares
SUPPORT
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