Assignment 2

Assignment 2 - Problem 1 Jan 2 cash 1,000,000 Preferred...

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Problem 1 Jan 2: cash 1,000,000 Preferred Shares – Series A 1,000,000 March 1: cash 6,300,000 Common shares 6,300,000 March 8: common shares 250,000 Cash 250,000 April 15: Land 600,000 Gain on purchase of land 17,500 Common shares 582,500 (25,000x23.3) Aug 31: Common shares 108,000 (150,000x5.34*) Contributed Surplus 450,000 Retained earning 549,000 Cash 1,800,000 ( 150,000x12) *Total common shares= 9,800,000 + 6,300,000 - 250,000 + 582500 = 16,432,500 Total number of shares = (700,000+300,000+25,000)x3 =
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  • Fall '19
  • NoProfessor
  • 1981, 1986, 1971, 1979, 1985, 1920

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