The corporation records included the following shareholders equity accounts: Preference share par150,authorized 20,000 shares 2,550,000 150,000 Share premium preference Ordinary share, no par 50 stated value, 100,000 shares authorized 3,000,000 In the statement of shareholders equity, the number of issued and outstanding sha for each class of stock would be ORDINARY ; PREFERENCE sample answer: 10,000;5,000

The corporation records included the following shareholders equity accounts: Preference share par150,authorized 20,000 shares 2,550,000 150,000 Share premium preference Ordinary share, no par 50 stated value, 100,000 shares authorized 3,000,000 In the statement of shareholders equity, the number of issued and outstanding sha for each class of stock would be ORDINARY ; PREFERENCE sample answer: 10,000;5,000

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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