On January Lunn Ltds equity was as follows: common shares, unlimited shares authorized, and shares issued and outstanding. Prepare journal entries to record the following transactions: On January Lunn Ltds equity was as follows: common shares, unlimited shares authorized, and shares issued and outstanding. Prepare journal entries to record the following transactions:Question one
On January xx Sussex Ltd had common shares issued and
outstanding. During xx the following transactions occurred:
Mar issued common shares
Apr issued stock dividend.
May issued a for stock split.
July Acquired common shares.
Sept Issued common shares.
In addition to common shares Sussex had of $ par, cumulative
preferred shares outstanding for the whole year. No dividends were declared
during the year. Net income for the year was $
Required:
Calculate the earnings per share for the year.
