BUS 251 Lecture Notes - Lecture 11: Authorised Capital, Issued Shares, Class A Share
24 Sep 2018
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Document Summary
These are no longer practical for public companies. Over the years, companies have developed special features to be built in to classes of share capital, to attract different types of investors. There are 100,000,000 common shares authorized, and 15,000,000 issued (12,000,000 2015). Excerpts from le chateau, note 13, to the f/s for the fiscal year ended january 31, 2015. For the fiscal year ended january 28, 2012, le chateau, declared a dividend of ,659,000, assume that at that time, the same number of each share class were outstanding as appears on slide 11 (as at. The dividend would have been paid as follows: Class a (25,403,762 shares x sh. 0125) $ 317,547. The remaining dividend of ,281,292 (,659,000 - ,708), is paid at a rate of sh. 343124 per share 8,716,647. Whe(cid:374) a (cid:272)o(cid:396)po(cid:396)atio(cid:374) (cid:396)epu(cid:396)(cid:272)hases its o(cid:449)(cid:374) sha(cid:396)es, these sha(cid:396)es a(cid:396)e (cid:272)alled (cid:858)t(cid:396)easu(cid:396)(cid:455) sha(cid:396)es(cid:859). They are shown either as a negative account balance (cid:449)ithi(cid:374) sha(cid:396)eholde(cid:396)s(cid:859) e(cid:395)uit(cid:455), o(cid:396) the (cid:858) ha(cid:396)e.
