Examlex
China Corporation has the following shareholders' equity on December 31, 2021: Shareholders' equity
Share capital
$ 10 convertible preferred shares,
10,000 shares authorized, 5,000 shares issued $ 0,570,000
Common shares, no par value,
200,000 shares authorized, 90,000 shares issued 1,800,000
Total share capital 2,370,000
Retained earnings 450,000
Total shareholders' equity $ 2,820,000
If 500 preferred shares are converted into common shares what is the dollar value of the common shares issued?
Libertarianism
The political philosophy according to which the government should punish crimes and enforce voluntary agreements but not redistribute income.
Income Redistribution
The reallocation of income across a society through taxation, monetary policies, and welfare systems.
Total Utility
The total satisfaction received from consuming a particular quantity of a good or service.
Incentives
Rewards or penalties that influence the motivation and behaviors of individuals and organizations towards certain actions.
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