Essay
The following information is available for Ellis Corporation:
Share Capital-Ordinary (€5 par) €1,500,000
Retained Earnings 600,000
A 10% share dividend is declared and paid when the market value was €15 per share.
Instructions
Compute each of the following after the share dividend.
(a) Total equity.
(b) Number of shares outstanding.
Correct Answer:
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(a) Total equity = €2100000 (€...View Answer
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Correct Answer:
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