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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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