On January 1, 2024, Ivanhoe Ltd. had the following shareholders' equity accounts: Common shares (1,060,000 issued) $1,590,000 Retained earnings 1,908,000 The company was also authorized to issue an unlimited number of $4 noncumulative preferred shares. As at January 1, 2024, none had been issued. During 2024, the corporating had the following transactions and events related to its shareholders' equity Jan. 2 Issued 106,000 preferred shares for $50 per share. Mar. 31 Paid quarterly dividend to preferred shareholders. June 30 Paid quarterly dividend to preferred shareholders. Aug. 12 Issued 98,000 common shares for $1.70 per share. Sept. 30 Paid quarterly dividend to preferred shareholders. Dec. 31 Paid quarterly dividend to preferred shareholders and a $0.25 per share dividend to the common shareholders Dec. 31 Loss for the year was $101.500.
On January 1, 2024, Ivanhoe Ltd. had the following shareholders' equity accounts: Common shares (1,060,000 issued) $1,590,000 Retained earnings 1,908,000 The company was also authorized to issue an unlimited number of $4 noncumulative preferred shares. As at January 1, 2024, none had been issued. During 2024, the corporating had the following transactions and events related to its shareholders' equity Jan. 2 Issued 106,000 preferred shares for $50 per share. Mar. 31 Paid quarterly dividend to preferred shareholders. June 30 Paid quarterly dividend to preferred shareholders. Aug. 12 Issued 98,000 common shares for $1.70 per share. Sept. 30 Paid quarterly dividend to preferred shareholders. Dec. 31 Paid quarterly dividend to preferred shareholders and a $0.25 per share dividend to the common shareholders Dec. 31 Loss for the year was $101.500.
Chapter1: Financial Statements And Business Decisions
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