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Brubacher Corporation s post-closing trial balance at December 31, 2017 was as follows: At December 31, 2017, Brubacher had the following numbers for its common and preferred shares: The dividends on preferred shares are $5 cumulative. In addition, the preferred shares have a preference in liquidation of $50 per share. Instructions Prepare the shareholders equity section of Brubacher s statement of financial position at December 31, 2017. The company follows IFRS.
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