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- The shareholders’ equity section of Superior Corporation’s balance sheet as of December 31, 2018, is as follows: 1. Prepare journal entries for each of the above transactions. 2. Calculate the number of authorized, issued, and outstanding common shares as of December 31, 2019. 3. Calculate Superior’s legal capital at December 31, 2019.Prepare necessary Journal Entry in 2021 and determine the balance of preference share capital,Ordinary Share capital,Total share premium and share holder equity as on December 31,2021.Comprehensive The shareholders equity section of Superior Corporations balance sheet as of December 31, 2018, is as follows: The following events occurred during 2019: Required: 1. Prepare journal entries for each of the above transactions. 2. Calculate the number of authorized, issued, and outstanding common shares as of December 31, 2019. 3. Calculate Superior's legal capital at December 31, 2019.
- Included in the December 31, 2018, Jacobi Comapany balance sheet was the following share holders’ equity section. 1. Prepare journal entries to record the preceding transactions. 2. Prepare the December 31, 2019, shareholders’ equity section (assume that 2019 net income was $270,000).What is the balance of Shareholders' Equity as of December 31, 2021?Target Corporation prepares its financial statements according to U. S. GAAP. Target's financial statements and disclosure notes for the year ended February 1, 2020, are available here. This material also is available under the Investor Relations link at the company's website (www.target.com). Target refers to its Shareholders' Equity as Shareholders' Investment. Required: Note 20, "Share Repurchase," provides the information we need to reconstruct the journal entry that summarizes Target's share repurchases in the year ended February 1, 2020. Provide that entry. Record the repurchase of 16. 0 million shares using information from Note 20, "Share Repurchase". Does Target account for share repurchases as (a) treasury stock or (b) retired shares?
- REQUIRED Use the information provided below to prepare the Statement of Financial Position of Glendale Limited as at 31 May 2020. Ensure that the statement includes headings for Non-current assets, Current assets, Equity, Non-current liabilities and Current liabilities. The notes to the financial statements are not required. INFORMATION The following balances were obtained from the accounting records of Glendale Limited after all the adjustments and closing transfers were completed on 31 May 2020: R Shares in XYZ Limited Ordinary share capital Retained income Loan: Brits Bank 600 000 1434 000 300 000 150 000 Equipment Accumulated depreciation on equipment Inventory Debtors control 1 380 000 180 000 210 000 60 000 Provision for bad debts 3 000 Accrued income 6 000 Bank (DR) 69 000 Cash float 6 000 135 000 Creditors control Accrued expenses South African Revenue Services: Company tax payable Shareholders for dividends (Dividends payable) 42 000 15 000 72 000 Additional information R30…COMPUTE AND SHOW YOUR COMPUTATION FOR THE ADJUSTED BALANCES OF THE FOLLOWING AS OF DECEMBER 31,2019. 3. SHARE PREMIUM- ORDINARY SHARES = 4. SHARE PREMIUM- PREFERENCE SHARES =As of December 31,2019, how many ordinary shares are outstanding? How much is the total additional paid capital accounts as of December 31,2019?
- The comparative statements of shareholders' equity for Company A are shown below. They follow the fiscal years ending December 31, 2019, 2020, and 2021.Using the statements as the guide, compute earnings per share (EPS) as they would have appeared on the income statements for:December 31, 2019December 31, 2020December 31, 2021No potential common shares were outstanding during any of the periods shown above. COMPANY A Statements of Shareholders' Equity For the Years Ended December 31, 2019, 2020, and 2021 ($ in millions) Total Preferred Common Additional Share- Stock, $10 Stock, $1 Paid-in Retained holders' par par Capital Earnings Equity Balance at Jan. 1, 2019 55 495 1,878 2,428 Sale of preferred shares 10 470 480 Sale of common shares, 7/1 9 81 90…1. As of December 31,2019, how many ordinary shares are issued? 2. After considering the given transactions, how much is the total shareholder's equity of the December 31,2019 ?How many are the ordinary shares outstanding after reflecting the foregoing transactions for the year 2019? How much is the total shareholder’s equity at December 31,2019?