Sizzle Company shareholders' equity at the beginning of 2010 is shown at the table below:Ordinary Share capital, USD20authorized 50,000 shares; issued and outstanding30,000 sharesparvalue,USD600,000Ordinary Share premiumUSD150,000Retained earningsUSD230,000In addition, during the year, these transactions happened:а.2,500 shares were repurchased as treasury shares at a price of USD28 per share.500 treasury shares were sold at a price of USD32700 shares of treasury shares were sold at a price of USD24 per share.b.pershare.с.d.Sizzle Company reported a net income of USD120,000 for the current year.Please calculate the balance of the Retained Earnings - Unappropriated account of Sizzle Company afterrecoding all these transactions. Show complete solution and explanation.

Given Share Capital = 30000*20 = 600,000 Share Premium = 150,000 Retained Earnings = 230,000 Net…

Answered: Sizzle Company shareholders' equity at…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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What is the balance of the share capital as of year-end?
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