5 Questions
How many common shares were retired by Crush Inc. during 2024?
30,000
How many preferred shares were issued by Crush Inc. during 2024?
50,000
What was the total equity of Crush Inc. as of December 31, 2024?
$9,310,000
What was the total contributed capital of Crush Inc. as of December 31, 2024?
$8,200,000
How much profit did Crush Inc. report for the year ended December 31, 2024?
$880,000
Test your knowledge on accounting for shares issuance, retirement, and dividends declaration based on the provided scenario involving Crush Inc.'s equity section in their balance sheet.
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