WE have the statement of financial position of Company Z of 31/12/2017 Equity Preferred stock...
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Accounting
WE have the statement of financial position of Company Z of 31/12/2017 Equity Preferred stock 10000 shares 80000 Common stock 20000 shares Capital in excess of par Preferred stock Common stock 110000 30000 40000 Reserves 100000 Retained Earnings 110000 Liabilities 130000 Equity and liabilities 600000 Assets fixed Machinery (net value) 100000 Buildings (net value) 200000 Cash and Cash equivalents 100000 Other current assets Total Ass ets 600000 The following transactions are made Issued 10000 shares of common stock for 10 usd per shane Issued 12000 of preference stock in exchange for the follow ing assets 1.land with a fair value 100000 usd 2.Equipment with a fair value 20000 usd * * Paid divident 0,01 usd per share of common stock * Paid divident 5 per cent of the par value for shares of preference stodk How can the sta tement of financial position of company z be stated
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