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Provide correct answer general Accounting question

Financial Accounting Question

Financial Accounting and Reporting Equity

Financial Accounting

Extracts from group financial statements of AB, a public limited company, year ended April 30, 2021. OMR (millions) Profit from continuing operations ​​​​​​35,000 Minority interest distributed​​​​​​​1,500 Preference dividend​​​​​​​​30 Share capital at April 30, 2021 Ordinary shares of OMR 1 ​​​​​​​1,000 5% Convertible preference shares ​​​​​​300 Other Information 1. The profits for the three months to April 30, 2021, are OMR1,200 million. 2. On May 11, 2021, there was a bonus issue of one for four ordinary shares. The financial statements are made up to April 30, 2021, and had not yet been published. 3. XY plc, a 100% owned subsidiary of AB, has in issue 9% convertible bonds of OMR200 million that can be converted into one ordinary share of AB for every OMR10 worth of bonds. Income tax is levied at 33%. Required Calculate basic and diluted earnings per share.

1. what id the total shareholder's equity on december 31, 2019 2. compute for the retained earnings on december 31, 2019

Need true answer general accounting question

15. The following information was abstracted from the accounts of David Corporation at year-end: Total income since incorporation Total cash dividends paid P840,000 260,000 Proceeds from sale of donated shares 90,000 60,000 Total value of share dividends distributed Excess of proceeds over cost of treasury stock sold 140,000 What should be the current balance of retained earnings? P520,000 b. P580,000 P610,000 d. P670,000 а. С.

every entry should have narration along with other workings answer in text

Contributed capital: Preferred shares, $4 cumulative, 15,000 shares authorized, issued and outstanding Common shares, 100,000 shares authorized; 60,000 shares issued and outstanding Western Grass Inc. Equity Section of Balance Sheet December 31, 2023 Total contributed capital Retained earnings Total equity a. b. Book Value of Common Shares 144,000 300,000 $ 444,000 584,000 $1,028,000 $ Required: Using the information provided, calculate book value per common share assuming: (Round the final answers to 2 deci a. There are no dividends in arrears. b. There are three years, of dividends in arrears. 27

The accounts below appear in the December 31, 2019 balance of J Company: Authorized ordinary share capital                             P5,000,000 Unissued ordinary share capital                                  2,000,000 Subscribed ordinary share capital                               1,000,000                      Subscription Receivable                                                 400,000 Share Premium                                                               500,000 Retained Earnings                                                        1,100,000 Treasury ShareCost                                                     100,000 In its December 31, 2019 balance sheet, J company should record a total shareholder’s equity of a.P5,500,000              b.P4,900,000           c.P4,800,000 d.P5,100,000