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: Prepare journal entries to record the transactions.

A: Treasury stock indicates the shares of the company bought back which in result decreases the…

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: On 5 March 20X7, Marchant Ltd issued 200,000 5% irredeemable GHS 1 preference shares.   In…

A: As per IAS 32 Financial Instruments, When preference shares are non-redeemable, the appropriate…

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: XYZ Corporation reported the following in its statement of shareholders' equity on January 1 2021…

A: When the company declares the share split, then the no. of shares increases in the split ratio, and…

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: On December 31, 2017, Zero Co. showed the following shareholders' equity: Share capital, P100 par,…

A: The dividend is declared from the retained earnings of the business. The dividend is paid only for…

Q: BC Company declared a 10% share dividend. During declaration, the market price of the entity’s…

A: Formulas: No. of shares issued under stock dividend = No. of shares issued and outstanding x stock…

Q: The shareholders' equity section of the statement of financial position of ABC Co. contair…

A: The journal is prepared to record the transactions on regular basis as debit and credit different…

Q: At December 31, the Shareholders’ Equity section shows: Ordinary Share, P 5 par, value 1,320,000…

A: Shareholders’ equity can be defined as the amount invested by the owner in the company. It includes…

Q: Ellie Company provided the following shareholders' equity on December 31, 2020: Preference share…

A: The determination of total amount of Dividends to be declared for the Preference and Ordinary…

Q: 4. Use the same information given in Problem 1. After the split, the par value per share of the…

A: Under share split of 2 for 1 , the shareholders will received 2 shares for every one share held.

Q: The accounts below appear in the current year-end trial balance of Trogss Company: Accounts payable…

A: Net income = sales - total expenses = 16000000 - 12480000 = 3520000 Ending retained earnings balance…

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: BFAR Company reported the following Shareholders' at year-end: Share Capital, P50 par value Share…

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

Q: Determine the balance of share premium to be reported in statement of financial position for the…

A: Share premium :          As the name suggests, it is the premium amount paid by the subscribers or…

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: JOM Co. reported the following information at year-end: Ordinary shares outstanding 360,000 300,000…

A: Earnings per share (EPS) refers to the amount of profit distributed based on the number of…

Q: Below is the Shareholders' equity of Dexter Co. on Dec. 31, 2020: 12% Preference Capital, P100 par…

A: The book value of a share in the value that a shareholder will receive if the company gets…

Q: On April 2, 2021, ABC Corporation issued for cash 12,000 shares of no-par ordinary shares with a…

A: Sno Account Titles and Explanation  Debit   Credit  Apr'2 Cash (12,000 Shares X P 17 per share)…

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: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: Ordinary Shares: 20,000 Shares  Par Value of Ordinary Shares: P20 Preference Shares: 2,000 shares…

Q: The accounts shown below pertain to P Company at December 31: Authorized Preference Share Capital,…

A:

Q: how much is the Legal Capital at the end of the year?

A: Legal capital refers to the amount of the corporation's equity that cannot be legally allowed to…

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: Cy Co. had the following equity balances at the end of its first fiscal year: Preference share…

A:

Q: 3. Use the same information given in Problem 1. The retirement of the 2,000 preference shares would…

A: The retirement of shares means that the shares are cancelled and related premium or par capital…

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: The equity balances of Memory Company as of the end of the reporting period are: Ordinary share…

A: The treasury shares are the common shares purchased by the company, which means the company…

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: The shareholders' equity section of H Co. on December 31, 2018 showed the following: Ordinary share…

A: solution number of ordinary share for share dividends =(issued share – treasury share ) =(105000 –…

Q: The Following information was lifted from the shareholders equity section of ABC Corp: Share Capital…

A: Cash dividend:   It is a part of the company's profit that it shares with its shareholders. It is…

Q: 14. Caviar Company was organized on January 1, 2020 with 100,000 authorized shares of P100 par…

A: Treasury shares are shares repurchased or reacquired by the business from its shareholders. These…

Q: The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning…

A: Date Description Debit ($) Credit ($) Jan, 5 Cash Account (493,000 x $7) 3,451,000     Common…

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: The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of…

A: The question is based on the concept of Journal entries

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.…