1 2 3 4 5 6 7 The shareholders' equity section of BENSON CORPORATION's statement of financial position as of December 31, 2021, is as follows: Ordinary share capital, P5 par value; authorized, 1,000,000 shares; issued 400,000 shares Share premium Retained earnings The following events occurred during 2022: Jan. 5 Jan. 16 Feb. 10 March 1 April 1 July 1 Aug. 1 2,000,000 850,000 3,000,000 5,850,000 10,000 shares of authorized and unissued ordinary shares were sold for P8 per share. Declared a cash dividend of 20 centavos per share, payable February 15 to shareholders of record on February 5. 20,000 shares of authorized and unissued ordinary shares were sold for P12 per share. A 30% stock dividend was declared and issued. Market value per share is currently P15. A two-for-one split was carried out. The par value of the shares was to be reduced to P2.50 per share. Market value on March 31 was P18 per share. A 15% stock dividend was declared and issued. Market value is currently P10 per share. A cash dividend of 20 centavos per share was declared, payable September 1 to shareholders of record on August 21. Based on the preceding information, determine the balances of the following at December 31, 2022.

d. mutual agency for stockholders 20. Stockholders' equity a. is usually equal to cash on hand b. is shown on the income statement c. includes paid-in capital and liabilities d. includes retained earnings and paid-in capita blec bise

Question 21 Treasury shares are most often reported as: A) A reduction of total shareholders' equity. B) A reduction of total paid-in capital. C) A reduction of retained earnings. D) An expense in the income statement. O A В C

Financial statement analysis 2. Given below are the summarized accounts of Belper Ltd for the past five years. These the basis for the questions which follow. Summarized profit and loss accounts of Belper Ltd Sales Cost of sales Trading profit Depreciation Interest Net profit before tax Taxation Net profit after tax Extraordinary items Dividends Retained profits Retained at start of year Retained at end of year Fixed assets Freehold land and buildings Leasehold land and buildings Plant and machinery Total gross fixed assets Depreciation freehold Depreciation leasehold Depreciation plant, etc. Total depreciation Net fixed assets Intangible fixed assets Goodwill Investments Patents and trade marks Current assets Stock Debtors Bank and cash Current liabilities Creditors Taxation Dividends Bank loans and overdraft 19X4 Net current assets £000 Financed by Ordinary share capital Share premium account Retained profits Revaluation reserves 93,930 81,750 12,180 1,023 2,727 8,430 2,517 5,913…

a simple stockholders equity account when common stock is issued