The equity section of San Antonio Mfg's statement of financial position as of December 31, 2021 is as follows:Ordinary shares, 5-par value; authorized, 2,000,000shares; issued, 400,000 shares.... 2,000,000Share premium850,000Retained earnings3,000,000 5,850,000The following events occurred during 2022:Jan. 5 10,000 shares were sold for 9 - per share16 Declared a cash dividend of 0.40 per share, payable on Feb. 15 to shareholders ofrecord on Feb. 5Feb. 10 40,000 shares were sold for 11 per shareMar. 1 A 40% share dividend was declared and issued. Market value per share iscurrentiv 15Apr. 1 A 2-for-1 split was carried out. The par value of the share was to be reduced to 2.50 per share. Market value on March 31 was 18 per sh.July 1 A 10% share dividend was declared and issued. Market value is currently 10 per share.Aug. 1 A cash dividend of 0.40 per share was declared, payable Sept. 1 to shareholders of record on Aug. 21.Dec. 31 Profit for 2022 was 1,880,000Based on vour examination. determine the amount of Ordinarv Shares is (December 31, 2022 )

Shares are defined as the company’s holdings that are provided to the investors or any person who…

Answered: The equity section of San Antonio Mfg's…

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 1MC: Cash dividends on the 10 par value common stock of Garrett Company were as follows: The 4th-quarter...

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The equity section of San Antonio Mfg's statement of financial position as of December 31, 2021 is as follows:

Ordinary shares, 5-par value; authorized, 2,000,000

shares; issued, 400,000 shares

.... 2,000,000

Share premium

850,000

Retained earnings

3,000,000 5,850,000

The following events occurred during 2022:

Jan. 5 10,000 shares were sold for 9 - per share

16 Declared a cash dividend of 0.40 per share, payable on Feb. 15 to shareholders of

record on Feb. 5

currentiv 15

Apr. 1 A 2-for-1 split was carried out. The par value of the share was to be reduced to 2.50 per share. Market value on March 31 was 18 per sh.
July 1 A 10% share dividend was declared and issued. Market value is currently 10 per share.
Aug. 1 A cash dividend of 0.40 per share was declared, payable Sept. 1 to shareholders of record on Aug. 21.
Dec. 31 Profit for 2022 was 1,880,000

Based on vour examination. determine the amount of Ordinarv Shares is (December 31, 2022 )

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