Feb 12 Issued 2 000 Common Shares For 5 2 Per Share Jun 17 Declared The Regular Cash Dividend On The Preferred Share 1 (86.22 KiB) Viewed 45 times
Feb 12 Issued 2 000 Common Shares For 5 2 Per Share Jun 17 Declared The Regular Cash Dividend On The Preferred Share 2 (51.84 KiB) Viewed 45 times
Feb-12: Issued 2,000 common shares for $5.2 per share. Jun-17: Declared the regular cash dividend on the preferred shares. Aug-09: Paid the cash dividend. Sep-03: Declared 10% stock dividend on the common shares. Market price of common shares at the time was $5.5 per share. Sep-25: Distributed the stock dividend. Oct-31: Issued 1,000 common shares for $5.6 per share in exchange for property. Req. 1: Journalize Nimos Ltd's transactions. Use the table for req. 1 below. There might be more rows than you need. In this case, leave the remaining ones blank. Req. 2. Report Nimos Ltd's shareholders' equity at Dec 31, 2021. Net income for the year was $24,500. Use the table for req. 2 below (scroll down if you do not see the entire window) Req. 3: Calculate the 'book value per common share' ratio for 2020 and 2021 and indicate whether the company's profitability (based on this ratio) has improved or deteriorated. Use table 3 below to provide your answer. (scroll down if you do not see the table 3 in the response window) Req. 4: Demonstrate your understanding of the relationships among the financial statements by answering the following question (use table 4 to provide your answer, scroll down if you do not see table 4 in the response window):
Nomis Ltd reported the following items on the balance sheet at December 31, 2020. 57,200 113,400 170,600 Assets Current assets Property, plant and equipment, net Total assets Liabilities Current liabilities Bonds, net Total liabilities Shareholders' Equity $0.5 cumulative preferred shares; 500 shares issued Common shares; 4,000 shares issued Retained earnings Total shareholders' equity Total liabilities and shareholders equity 41,600 50,000 91,600 2,500 20,000 56,500 79,000 170,600
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