Crane Rental Corporation had the following balances in its shareholders' equity accounts at January 1,...

60.1K

Verified Solution

Question

Accounting

image
image
Crane Rental Corporation had the following balances in its shareholders' equity accounts at January 1, 2021: Accumulated other comprehensive income (loss) Contributed surplus-reacquisition of common shares Retained earnings Common shares (25,000 shares) $(22,000) 536,000 1,500,000 650,000 Crane had the following transactions and events during 2021: Feb. 2 Apr. 17 Oct. 29 Dec. 31 Repurchased 1,000 shares for $43,000. Declared and paid cash dividends of $74,000. Issued 1,700 shares for $92,000 cash. Reported comprehensive income of $456,000, which included other comprehensive income of $47,000. Calculate the number of shares issued as at December 31, 2021. Number of shares

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