1. cumulative and nonparticipating and the total amount that the board of directors has specified for dividends is (a) P100000, (b) P168000, (c) P200000. 2. cumulative and participating and the total amount that the board of directors has specified for dividends is (a) P100000, (b) P168000, (c) P200000.

Q: shares of $50 par value preferred stock and 200,000 shares of $5 par value common stock. At December…

A: Lets understand the basics. Shares are mainly divided into two types which are, (1) Common stock (2)…

Q: cumulative and non participating and the total amount that the board of directors has specified for…

A: The dividend is paid by the company to its shareholders for their shareholding in the company. It is…

Q: Annette's Accessories had the following stock issued and outstanding at January 1, 2019. 150,000…

A: Dividend is the amount which is paid to the shareholders of the entity in the form of return. It is…

Q: Cash dividends  On December 1, 2021, TAASNOO Corporation owns 10,000 ordinary shares representing…

A: Common share:  It is an equity share. These shareholders are the owners of the company and have…

Q: The accounts and balances that follow are from Comel Bhd's records on 31 December 2020. Items RM…

A: Step2 in solution.

Q: The board of directors of Ayayai Corp. declared a cash dividend of $1.50 per share on 40000 shares…

A: On the date of declaration of the dividend the company has to pass journal entry for creating…

Q: J Corporation issued 400,000 ordinary shares when it began operations in 2019 and issued an…

A: The company can raise funds by various methods. Some of them are, by way of issuing common stock,…

Q: The directors of Levi Company wish to declare a dividend whereby ordinary sharcholders are to…

A: Dividend - The dividend is the profit distributed to the shareholders of the company. The company…

Q: Ali Moosa Co has issued 50,000 ordinary shares (equity shares) of OMR0.500 baisa each and 20,000 6%…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: At December 31,2018 and 2019, TJH Company had outstanding 4,000 shares of P 100 par value, 12%…

A: Preference shares are the investment securities which get fixed return in the form of dividends and…

Q: Lord Aguilar Corp plans to declare and distribute a dividend in December 2016. There are 20,000…

A: A cumulative preference share is a type of preference share which have the right of cumulation over…

Q: On January 1, 2020, vic Corporation had the following shareholders’ equity accounts: vic…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: Lighthouse Inc., a software development firm, paid a total of $75,000 in dividends in fiscal year…

A: Annual preferred dividend = 3,000 x 6 = 18,000

Q: The shareholder's equity of ABC Company at December 31,2018 is presented below: 12% Preference share…

A: The shareholder's equity is the claim of the shareholders on the business' assets. But the claim can…

Q: Using the information of Good Life Company, what is the amount of Total Shareholders' Equity on…

A: Shareholders’ equity: Shareholders’ equity can be defined as the amount of capital that is invested…

Q: Kingbird Holding's accounting records show the following balances on December 31, 2020. 12%…

A: Cumulative preference shares are those shares that are paid a dividend every year. If any dividend…

Q: IFA Corporations had Net Income of $7,800,000 and the following information for January 2021 to…

A: In this question, we find (a) Calculate the weighted average shares (to the nearest whole number) at…

Q: XYZ Company has issued 100,000 ordinary shares. The par value of each share is 0.500baisa. Its…

A: Dividend per share = Total Dividend / No. of share

Q: PROBLEM 1: You were assigned to audit the shareholders' equity of Glory Inc. for the year ended…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: 121 par value Crane, Inc. has 11400 shares of 5%, £100 par value, noncumulative preference shares…

A: Preference shareholders carry the preferential right of payment of dividends and capital over common…

Q: Ôn December 31, 2019, the shareholders' equlty section of the balance sheet of R & L Corporation…

A: The stock dividend is the dividend declared in the form of shares to the shares issued and…

Q: 5. What is the correct balance of ordinary share capital on December 31, 2021? You have been…

A: Common shares or common stock, usually referred to as ordinary shares, are ownership stakes in a…

Q: Aylmer follows IFRS   On December 31, 2021 the company declared a dividend of $0.23 per share for…

A: Journal entry is the modern method of accounting in which all business transactions are recorded in…

Q: The board of directors of Bramble Corp. declared a cash dividend of $1.30 per share on 36000 shares…

A: Cash dividends are the distributions of accumulated retained earnings of the company to its…

Q: 1. How much is the Ordinary Share Capital at year end?  2. How much is the Preference Share Capital…

A: Treasury shareThe company issues shares to the public to raise capital and funds. When a company…

Q: 30. The market price of each ordinary share is 27 on October 1, 24 pesos on October 30 and 35 pesos…

A: Journal entry: Journal entry is the book of original entry where first transactions are recorded in…

Q: Prepare the statement of retained earnings for the year. (List items that increase retained earnings…

A: 1. Retained Earnings - Retained earnings is the accumulated profit earned by the company over a…

Q: On January 1, 2018, Al-Kamel Inc. decides to invest in 5,000 shares of Safari stock. On July 15,…

A: Percentage of holding would be calculated on the proportion of Total Outstanding Shares.

Q: ormation to answer the questions 34 and 35. con Corporation had 40,000 shares of $10 k issued and…

A: The treasury stock includes the own shares of the company repurchased from the shareholders.

Q: On December 31, 2020, BFAR Corp. has 5,000, 6% cumulative and non-participating preference shares…

A: Dividends are paid in two types Stock dividends and Cash dividends. Stock dividend means a payment…

Q: The shareholder's equity of Bims Company at December 31, 2018 is presented as follows: 12%…

A: Shareholders Equity Shareholders equity which includes share capital like ordinary shares and…

Q: 3. Al-Busthan corporation has a year end of 31 December. The company has in issue 400,000 Ordinary…

A: GIVEN DATA       Al-Busthan corporation has a year end of 31 December.   The company has in issue…

Q: Requirement: Give the journal entries for the foregoing transactions.

A: Dividend is the amount which is paid to the shareholders of the company and the dividend amount is…

Q: The board of directors of Tamarisk, Inc. declared a cash dividend of $2.25 per share on 30000 shares…

A: Journal Entries are the entries to be recorded in the accounting books of the business for all the…

Q: A) Distribution of Dividends between preferred and common shareholders The Corporation has the…

A: Dividend to preference stockholders = 10,000 Preferred Shares x $20 per share x 8% = $16,000

Q: On August 15, 2021, EasyMoney, Inc.'s Board of Directors meets and declares that EasyMoney will pay…

A: Cash dividends are  distribution of accumulated earnings by a companies to its stockholders.…

Q: Roush Inc. has 100,000 shares of $5 par value common stock issued and outstanding. On July 1, 2019…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: How much is the Ordinary Share Capital at year end? 2. How much is the Preference Share Capital at…

A: Ordinary Share Capital:The total sum of money that a business raises from both public and private…

Q: The board of directors of Pina Colada Corp, declared a cash dividend of $2.90 per share on 36000…

A: As per dual concept of accounting, every transaction has dual impact on the books of accounts.…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.