Solve correct please White Pear Inc., an organic soap manufacturer, showed the...

70.2K

Verified Solution

Question

Accounting

Solve correct please

image

image

White Pear Inc., an organic soap manufacturer, showed the following equity information as at December 31, 2017 White Pear Inc Equity Section of the Balance Sheet December 31, 2017 Contributed capital Preferred shares, $3.60 non-cumulative; 100,000 shares authorized 81,000 shares issued and outstanding Common shares, unlimited shares authorized; ? shares issued and outstanding Total contributed capital $ 7,546,000 Retained earnings Total equity Other information: a. The preferred shares had sold for an average price of $42.00. b. The common shares had sold for an average price of $14.80 c. Retained Earnings at December 31, 2016, was $198,000. During 2017, profit earned was $1,788,000 The board of directors declared a total cash dividend of $570,000. Calculate the missing figures

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students