The owners’ equity account for Rantuil Utilities Berhad are shown below: Common Share (RM2 par) - RM30,000 Capital Surplus - RM285,000 Retained earnings - RM648,100 Total shareholder’s equity - RM963,100 If Rantuil Utilities Berhad currently sells for RM30 per share and a 10 percent share dividend is declared, i. Determine the number of new shares that will be distributed. ii. Reconstruct new owners’ equity account for Rantuil Utilities Berhad.

The owners’ equity account for Rantuil Utilities Berhad are shown below: Common Share (RM2 par) - RM30,000 Capital Surplus - RM285,000 Retained earnings - RM648,100 Total shareholder’s equity - RM963,100 If Rantuil Utilities Berhad currently sells for RM30 per share and a 10 percent share dividend is declared, i. Determine the number of new shares that will be distributed. ii. Reconstruct new owners’ equity account for Rantuil Utilities Berhad.

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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