1. Donnelly Corporation is authorized to issue 1,000,000 ordinary ...
1. Donnelly Corporation is authorized to issue 1,000,000 ordinary ...
1. Donnelly Corporation is authorized to issue 1,000,000 ordinary ...
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February 10<br />
Equipment .......................................................................................... 150,<strong>000</strong><br />
Share Capital–Ordinary .............................................................. 60,<strong>000</strong><br />
Share Premium–Ordinary .......................................................... 90,<strong>000</strong><br />
(To record <strong>is</strong>suance of shares for equipment)<br />
3<br />
The following items were shown on the statement of financial position of Herman<br />
<strong>Corporation</strong> on December 31, 2011:<br />
Equity<br />
Share Capital–Ordinary, €5 par value, 360,<strong>000</strong> shares<br />
<strong>authorized</strong>; ______ shares <strong>is</strong>sued and ______ outstanding .............................. €1,550,<strong>000</strong><br />
Share Premium–Ordinary.................................................................................. 165,<strong>000</strong><br />
Retained Earnings............................................................................................. 750,<strong>000</strong><br />
Less: Treasury Shares (18,<strong>000</strong> shares)........................................................... (180,<strong>000</strong>)<br />
Total Equity............................................................................................ €2,285,<strong>000</strong>