10. At December 31, 2015, the records of Kosme Corporation provided the following:(see attached image for the given. please asnwer it. thank you so much!!)Direction:a. Give the number of shares authorized ___ issued ___b. Give the number of shares outstanding ___c. Give the amount of Additional-Paid-In capital. ___d. Give the earnings per share. ___ Round your answer to two decimal places.e. Amount of dividends paid during 2015. ___f Amount of treasury shares reported in the stockholders' equity ___g. Amount of free retained earnings on December 31. ___ 10. At December 31, 2015, the records of Kosme Corporation provided the followingselected and incomplete data:Common stock (par P5; no shanges during 2015).Shares authorized, P5,000,000ISsue price P8 per shareShares issuedShares held as treasury stocik. 10,000 shares, cost P6 per shareNet income for 2015, P481,000.Share Capital, P2,000,000Cash Dividend declared and paid January 10, 2015 at P2 per share20% Stock Dividend distributed on December 20, 2015,Retained Earnings balance, January 1, 2015, P4,800,000.Direction:a. Give the number of shares authorizedb. Give the number of shares outstandingc. Give the amount of Additional-Paid-In capital.d. Give the earnings per share.e. Amount of dividends paid during 2015.f. Amount of treasury shares reported in the stockholders' equity.h. Amount of free retained earnings on December 31.issuedRound your answer to two decimal places

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Answered: 10. At December 31, 2015, the records…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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10. At December 31, 2015, the records of Kosme Corporation provided the following:

(see attached image for the given. please asnwer it. thank you so much!!)

Direction:
a. Give the number of shares authorized ___ issued ___
b. Give the number of shares outstanding ___
c. Give the amount of Additional-Paid-In capital. ___
d. Give the earnings per share. ___ Round your answer to two decimal places.
e. Amount of dividends paid during 2015. ___
f Amount of treasury shares reported in the stockholders' equity ___
g. Amount of free retained earnings on December 31. ___

10. At December 31, 2015, the records of Kosme Corporation provided the following
selected and incomplete data:
Common stock (par P5; no shanges during 2015).
Shares authorized, P5,000,000
ISsue price P8 per share
Shares issued
Shares held as treasury stocik. 10,000 shares, cost P6 per share
Net income for 2015, P481,000.
Share Capital, P2,000,000
Cash Dividend declared and paid January 10, 2015 at P2 per share
20% Stock Dividend distributed on December 20, 2015,
Retained Earnings balance, January 1, 2015, P4,800,000.
Direction:
a. Give the number of shares authorized
b. Give the number of shares outstanding
c. Give the amount of Additional-Paid-In capital.
d. Give the earnings per share.
e. Amount of dividends paid during 2015.
f. Amount of treasury shares reported in the stockholders' equity.
h. Amount of free retained earnings on December 31.
issued
Round your answer to two decimal places

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