Chapter 13, Problem 13.11E

To determine

Shares: A share is the ownership certificate of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

Balance sheet: Balance sheet is a part of financial statements that lists company’s assets, liabilities and shareholders’ fund. It is prepared at the end of accounting period and informs about company’s financial position on that day.

To prepare: The partial balance sheet.