Question 2: ABC company had the following balances of stockholders' equity in their balance sheet as at 31 December 2019

[answerhappygod]

Question 2 Abc Company Had The Following Balances Of Stockholders Equity In Their Balance Sheet As At 31 December 2019 1 (45.75 KiB) Viewed 22 times

Question 2: ABC company had the following balances of stockholders' equity in their balance sheet as at 31 December 2019. Share capital $20 at par $400,000 Share premium 200,000 General reserve 50,000 Retained earnings 250,000 TOTAL 900,000 Following events occurred during the year ended 31 December 2020. 1. The company issued 10,000 new shares at $50 per share. 2. The company made profit $200,000 for the year 2020. 3. The company declared and paid $7 per share during the year. 1. Show the stockholders' equity that will be presented at 31 December 2020. (10) 2. Find out the book value per share both on 31 December 2019 and 31 December 2020. (3)