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Bruno's has 7,000 shares outstanding with a par value of £1.00 per share and a market value of £12 per share.The statement of financial position shows £7,000 in the ordinary equity account, £58,000
In the additional paid in capital account and £32,500 in the retained earnings account.The firm just
Announced a 50% (large) stock dividend.What is the value of the ordinary equity account after the
Dividend?
Fixed Assets
Long-term tangible assets that are used in the operations of a business and are not likely to be converted to cash in the short term.
Warehouse Financing
A form of financing used by banks and other institutions to loan money to companies using inventory as collateral.
Trust Receipt
A trust receipt is a financial document issued by a bank to a buyer who has obtained a loan to purchase goods, where the buyer agrees to hold the goods in trust for the bank until the loan is repaid.
Inventory Loans
Short-term loans or lines of credit secured by a company’s inventory, used to purchase products for sale.
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