Yam-Hash incorporation has 1,750,000 shares of authorized common stock, each having an Rs.1 par value. Over the years, it has issued 1,532,000 shares, but currently 63,000 are held as treasury stock. The additional paid-in capital of the company is presently Rs.5,314,000 and retained earnings are 5,540,000. Company has declared stock dividend of 15% when market price of the share is Rs.35. Reformulate the equity statement.
Yam-Hash incorporation has 1,750,000 shares of authorized common stock, each having an Rs.1 par value. Over the years, it has issued 1,532,000 shares, but currently 63,000 are held as treasury stock. The additional paid-in capital of the company is presently Rs.5,314,000 and retained earnings are 5,540,000. Company has declared stock dividend of 15% when market price of the share is Rs.35. Reformulate the equity statement.
Chapter1: Financial Statements And Business Decisions
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Yam-Hash incorporation has 1,750,000 shares of authorized common stock, each having an Rs.1 par value. Over the years, it has issued 1,532,000 shares, but currently 63,000 are held as
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