Kingbird Corporation has the following shareholders equity on December 31, 2021: Shareholders' equity Share capital...
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Kingbird Corporation has the following shareholders equity on December 31, 2021: Shareholders' equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 4000 shares issued $500000 Common shares, no par value, 200,000 shares authorized, 90000 shares issued 1900000 Total share capital 2400000 Retained earnings 449000 Total shareholders equity $2849000 If one preferred share is convertible into 10 common shares, how many common shares are issued when 530 preferred shares are converted? a) 5 b) 5300 c) 530 d) 53
Bramble Corporation has the following shareholders equity on December 31, 2021: Shareholders' equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 5000 shares issued $573000 Common shares, 200,000 shares authorized, 80000 shares issued 1760000 Total share capital 2333000 Retained earnings 448000 Total shareholders equity $2781000 The average per common share amount is $11.46. $8.98. $5.73. $22.00.
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