Home » Icandoit Corporation, a publicly traded company which follows IFRS, has the following items in shareholders’ equity as at December 31, 2014:

Icandoit Corporation, a publicly traded company which follows IFRS, has the following items in shareholders’ equity as at December 31, 2014:

Total Shareholder’s Equity


The following transactions and events happened in 2015, in chronological order:

a.    On January 15, issued 10,000 common shares at $6 per share

b.    On March 31 cash dividend of $1,000,000 was declared for all shareholders on record at April 10th. No dividends had been paid in 2013 or 2014.

c.    On April 18, issued 5,000 preferred shares at $12 per share

d.    On April 30, the declared dividend was paid.

e.    On June 19, purchased and retired 41,000 common shares at $7 per share.  

f.     On November 7, a common stock dividend of 5% is declared and issued. Common shares are currently selling for $9 on the stock exchange.

g.    Close 2015 Net Income of $1,740,000 for the year


Prepare the journal entries for the above transactions.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10