On January 1 Swanson Corporation had 80000 ordinary shares with a 10 par value

On january 1 swanson corporation had 80000 ordinary

This preview shows page 289 - 290 out of 290 pages.

7.On January 1, Swanson Corporation had 80,000 ordinary shares with a €10 par valueoutstanding. On March 17, the company declared a 15% share dividend to shareholdersof record on March 20. Market value of the shares was €13 on March 17. The entry torecord the transaction of March 17 would include a8.On January 1, Swanson Corporation had 80,000 ordinary shares with a €10 par valueoutstanding. On March 17, the company declared a 15% share dividend to shareholdersof record on March 20. Market value of the shares was €13 on March 17. The shareswere distributed on March 30. The entry to record the transaction of March 30 wouldinclude a
9.Oxford Inc. was authorized to issue 100,000 £10 par value ordinary shares. As ofDecember 31, 2017, the company had issued 44,000 shares at an average price of £22per share. During 2017, the company felt that the shares were undervalued so itpurchased 10,000 treasury shares at £18 per share. When the share price reboundedlater in the year, the company sold 4,000 of the treasury shares for £25 per share.Retained earnings was £1,658,000 at December 31, 2017.Total equity at December 31, 2017 is

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture