1.    What is the number of ordinary shares issued and outstanding? 2.    What is the par value of each preferred share? 3.    What is the market value of the share capital dividend distributable?

Q: Cyclone Corporation was authorized to issued 1, 000 shares of P100 par, 8% cumulative preference…

A: Ordinary shares, often referred to as common shares, seem to be company shares that provide…

Q: July 3, 20x2, Yami issued 150,000 of its ordinary shares for P1,950,000. A 5% share dividend was…

A: Solution: Working: Date Particulars Ordinary Share (P) paid in capital of excess of par retained…

Q: A company reported the following information on December 31, 2021: Preference share, P100 par…

A: Total shareholders' equity is the amount of funds of the shareholders outstanding in the statement…

Q: At the beginning of the current year, Di Na Muli, Inc. was authorized to issue 100,000 shares with a…

A: Here's the breakdown of Di Na Muli, Inc.'s share capital transactions and calculations for…

Q: The equity section of the statement of financial position for Puppy Company as of December 31, 2022,…

A: Contributed capital is the amount of capital contributed by shareholders whether these are common…

Q: At the beginning of the current year, Relay Company was organized and authorized to issue 100,000…

A: Shareholders equity is the amount that the owner has invested in the business including retained…

Q: At December 31, the stockholders’ equity section shows: Ordinary share capital, P5 par value;…

A: Book value per share calculates the ratio between owner’s equity and no. of the outstanding shares…

Q: Abs Company had 20,000 ordinary shares outstanding on January 1 of the current year. On May 1, the…

A: Earning per share: It implies to the earnings that is being received by the company's shareholders…

Q: Relay Company provided the following data at year-end: Authorized share capital P 5,000,000 Unissued…

A: • Treasury stocks are shares bought back or repurchased from the existing investors by the company.…

Q: Cowboy Clothing issues 2,100 shares of its $0.01 par value common stock to provide funds for further…

A: Double-entry bookkeeping, the method used to document and monitor financial transactions, is based…

Q: January 10 Issued share rights to all outstanding ordinary shares. Five rights are needed to…

A: Share Premium Ordinary: Particulars Workings Amount Opening Balance   NIL Right Shares…

Q: On January 1, 2020, Volume Company had the following account balance carried over from the previous…

A: The money raised by issuing regular or preferred shares is referred to as a company's share capital.…

Q: On December 31,2016, the shareholders' equity section of the financial position of Kent Corp. was as…

A: Firm issues various securities to arrange the funds for the business operations and pays return on…

Q: At the beginning of the current year, Di Na Muli, Inc. was authorized to issue 100,000 shares with a…

A: It is the amount received in excess of par value per share. It is one of the key component of the…

Q: The shareholder’s equity section of FED, Inc. contains the following: Preference share capital of…

A: The treasury stock decreases the total shareholders' equity of the business. The retired shares…

Q: At December 31, the stockholders’ equity section shows: Ordinary share capital, P10 par value;…

A: At December 31, the Stockholders’ equity section shows:  Ordinary share capital, P10 par value…

Q: BFAR Corp. has 200,000 shares authorized and has the following information at the end of its first…

A: The issue price per share is the amount that shareholders receive for purchasing each share of…

Q: On July 1, 2010, Bettina Company’s board of directors declared a 10% share dividend. The market…

A: The dividend is declared from the retained earnings of the business. The dividend can be paid in the…

Q: During May 1, 20x1, Yami Inc. issued 90,000 of its P10 par value ordinary shares for P1,080,000. Net…

A: 1) Journal Entries Date Particulars No of share Debit Credit   Retained Earning May-20x1 Bank…

Q: On June 30, 2021 BANANA Company issued 1,000 of P10 par ordinary shares and 2,000 of P10 par…

A: The question is based on the concept of Financial Accounting.

Q: Retained Earnings Subscribed Ordinary Shares, 2 000 shares Long-term Notes Payable 5% Preference…

A: Shareholders' Equity denotes the net worth of the business and this can be arrived at by subtracting…

Q: During May 20x1, the entity issued 90,000 of its P10 par value ordinary shares for income through…

A: Retained earnings refers to that part of the accumulated net income of a corporation which is…

Q: The following data were presented for WENG company on Jan. 1, 2018: Ordinary share, par value 20,…

A: The treasury stock includes the shares that are repurchased by the company.  The treasury stock…

Q: 1. Prepare an income statement for the year ended December 31, 2024. 2. Prepare the statement of…

A: The income statement, balance sheet and statement of shareholders' equity are the important…

Q: Below are the accounts shown in the December 31, 2020 trial balance of ABC Corporation: Preference…

A: Preference shares (40,000 x P50) = P2,000,000 Ordinary shares (50,000 x P100) = P5,000,000

Q: Riley Company paid cash dividends of P840,000 and reported net income of P2,170,000. The ordinary…

A: Book value of ordinary share is the the total ordinary shareholders equity plus net income less cash…

Q: On July 1, 2010, Bettina Company's board of directors declared a 10% share dividend. The market…

A: No. of shares issued under share dividend = outstanding ordinary shares x dividend rate = 400,000  x…

Q: The following accounts are found in the trial balance of Dawn Corporation as December 31, 2019.…

A: Authorized share capital means the amount which the company can legally issued. Issued share capital…

Q: The company issued 2,500, P125 par ordinary shares for an outstanding bank loan of P350,000. On this…

A: The shares  premium or discount can be evaluated by difference between face value of shares and…

Q: What total amount should be reported as shareholders' equity? Select the correct response O…

A: solution given Authorized share capital 5000000 Unissued share capital 2000000…

Q: Tipp Corporation's adjusted trial balance on December 31, 2XX1 includes the following account…

A: Earnings are defined as income collected by an entity or a person from various sources available.…

Q: At the beginning of the current year, BFAR Corp. was authorized to issue 100,000 shares with P50 par…

A: The retained earnings increases with revenue and decreases with losses during the period. The…

Q: BFAR Corporation has the following transactions during the year: Authorized Ordinary share capital…

A: Stockholders' equity: Stockholders' equity means the net assets available to shareholders after…

Q: The Shareholders' Equity section of BFAR Corp. statement of financial position shows the following:…

A: Retained profits are the cumulative internet profits or income of a corporation after accounting for…

Q: Part of the Financial Position of Candy Inc. as of Dec. 31, 2019 shows the following:

A: Liquidation of Company Liquidation of the company is the winding process of the company whether by…

Q: Sizzle Company shareholders' equity at the beginning of 2010 is shown at the table below: a. b.…

A: Given  Share Capital = 30000*20 = 600,000 Share Premium = 150,000 Retained Earnings = 230,000 Net…

Q: The LL Company will issue shares of P10 par value common stock for all the assets and liabilities of…

A: To calculate the number of shares to be issued by LL, we need to compute the Net asset 1)  The…