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Shown below are some equity transactions for Greencastle Ltd., which reports under IFRS. For each, state whether common shares, retained earnings, and cash flow will increase, decrease, or remain unchanged. Quantify the amount of any increases or decreases. Transaction Issued 12,000 common shares at $2.85 per share. Declared a dividend of $0.55 per share. Issued 6,000 common shares in exchange for a piece of equipment. The company's shares were trading at $3.25 per share at the date of the transaction. The equipment had a retail value of $20,400. Paid the dividend of $0.55 that had been declared previously. Declared and distributed a 10% stock dividend. The company's shares were trading at $3.3 per share. Repurchased 2,400 common shares at a price of $3 per share. The repurchased shares were cancelled. Completed a 2-for-1 stock split. Common Shares !!!! Retained Earnings Cash Flow

Shown below are some equity transactions for Greencastle Ltd., which reports under IFRS. For each, state whether common shares, retained earnings, and cash flow will increase, decrease, or remain unchanged. Quantify the amount of any increases or decreases. Transaction Issued 12,000 common shares at $2.85 per share. Declared a dividend of $0.55 per share. Issued 6,000 common shares in exchange for a piece of equipment. The company's shares were trading at $3.25 per share at the date of the transaction. The equipment had a retail value of $20,400. Paid the dividend of $0.55 that had been declared previously. Declared and distributed a 10% stock dividend. The company's shares were trading at $3.3 per share. Repurchased 2,400 common shares at a price of $3 per share. The repurchased shares were cancelled. Completed a 2-for-1 stock split. Common Shares !!!! Retained Earnings Cash Flow

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Shown below are some equity transactions for Greencastle Ltd., which reports under IFRS. For each, state whether common shares, retained earnings, and cash flow will increase, decrease, or remain unchanged. Quantify the amount of any increases or decreases. Transaction Issued 12,000 common shares at $2.85 per share. Declared a dividend of $0.55 per share. Issued 6,000 common shares in exchange for a piece of equipment. The company's shares were trading at $3.25 per share at the date of the transaction. The equipment had a retail value of $20,400. Paid the dividend of $0.55 that had been declared previously. Declared and distributed a 10% stock dividend. The company's shares were trading at $3.3 per share. Repurchased 2,400 common shares at a price of $3 per share. The repurchased shares were cancelled. Completed a 2-for-1 stock split. Common Shares !!!! Retained Earnings 10 00 Cash Flow
Transcribed Image Text:Shown below are some equity transactions for Greencastle Ltd., which reports under IFRS. For each, state whether common shares, retained earnings, and cash flow will increase, decrease, or remain unchanged. Quantify the amount of any increases or decreases. Transaction Issued 12,000 common shares at $2.85 per share. Declared a dividend of $0.55 per share. Issued 6,000 common shares in exchange for a piece of equipment. The company's shares were trading at $3.25 per share at the date of the transaction. The equipment had a retail value of $20,400. Paid the dividend of $0.55 that had been declared previously. Declared and distributed a 10% stock dividend. The company's shares were trading at $3.3 per share. Repurchased 2,400 common shares at a price of $3 per share. The repurchased shares were cancelled. Completed a 2-for-1 stock split. Common Shares !!!! Retained Earnings 10 00 Cash Flow
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