4. Doleful Co. has 16,000 issued shares, 4,400 subscribed sharesand 2,400 treasury shares. The par value per share is P100. Therecord and distribuion under each of the following scenarios:fair value per share is P120.a.for every 10 shares held,"for eyery 5 shares held."

No of shares issued and outstanding = No. of shares issued - No. of treasury shares = 16000-2400 =…

4. Doleful Co. has 16,000 issued shares, 4,400 subscribed shares record and distribuion under each of the following scenarios: and 2,400 treasury shares. The par value per share is P100. The fair value per share is P120. a. for every 10 shares held," for every 5 shares held."

4. Doleful Co. has 16,000 issued shares, 4,400 subscribed shares record and distribuion under each of the following scenarios: and 2,400 treasury shares. The par value per share is P100. The fair value per share is P120. a. for every 10 shares held," for every 5 shares held."

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: A corporation has 50,000 shares of $100 par value stock outstanding that has a current market value…

A: 4-for-1 stock split means that every shareholder will have 4 shares for each share held before. The…

Q: James Company has 1,600 shares of $100 par preferred stock, which were issued at par. It also has…

A: Book value per share is the amount of shareholder's equity which is attributable to holder of common…

Q: Muscat Co. issues 4,500 ordinary shares with a RO 12 par value at RO 21 per share. What should be…

A: Journal entry: It is a set of economic events that can be measured in monetary terms. These are…

Q: The Mark Company has $250,000 to pay dividends. The company has 25,000 shares of 8%, $50 par,…

A: Scenario 1: Preferred stock is nonparticipating and cumulative.1.Dividends in arrears: Since the…

Q: Micro Corp. has 1,000,000 shares of common stock outstanding and i (i.e. the bond price is 1.16…

A: Total value of common stock = (1,000,000 * 50) = $50 millionTotal value of Debt = 20,000 * (1,000 *…

Q: Kunze Corporation has $1 par value Common Stock with 100,000 shares authorized and 25,000 shares…

A: Journal entry is the procedure for initially documenting commercial transactions in the books of…

Q: 1. Prepare a journal entry for each of the following transactions. a) Miracle Body Corporation sells…

A: A journal entry records a business transaction in the accounting system for an organization. Every…

Q: (Multiple Choice) Jaden Inc. has 10,000 preferred shares, originally issued for $1 each, that are…

A: Convertible preferred stock can be converted into common stock at fixed rate. When preferred stock…

Q: td have issued 220,000 ordinary shares at a price of £1.40 e hal value of 95 pence each. is the…

A: Journal Entry -Business transactions are entered into your financial books through the procedure of…

Q: ABC issued 10,000 common shares with a par value of $ 5 and a market value of $ 25 per share along…

A: The correct answer is Option (a).

Q: Curity 5. Based on the following, compute BEPS and DEPS for Abe Corporation: a. On January 1, 200x,…

A: EPS (Earnings Per Share) is the formula used to determine earnings available with respect to each…

Q: 2. White Co. issues 100 shares of $4 par common stock and 250 shares of $100 par preferred stock for…

A: Additional paid in capital is also written as APIC, which represents the amount received in excess…

Q: What would be the weights used in the calculation of BetterPie's WACC? (Do not round intermediate…

A: The weighted average cost of capital is the average cost a business pays for all the money it…

Concept explainers

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.

Question

4. Doleful Co. has 16,000 issued shares, 4,400 subscribed shares
and 2,400 treasury shares. The par value per share is P100. The
record and distribuion under each of the following scenarios:
fair value per share is P120.
a.
for every 10 shares held,"
for eyery 5 shares held."

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Nizwa Co. issues 2,000 ordinary shares with a RO 10 par value at RO 16 per share. What should be recorded for this transaction.
The following information is available for the common shares of DEF Co.: 50 million shares authorized, 25 million shares issued and outstanding, and 1 million shares in the public float. Calculate DEF's market capitalization if the current market price of the common shares is $25 $25,000,000 O $625,000,000 O $650,000,000 $1,250,000,000
P16.5 The shareholders' equity section of Finley Inc. at the beginning of the current year is as follows: Common shares, 1,000,000 shares authorized, 300,000 shares issued and outstanding $3,600,000 Retained earnings 570,000 During the current year, the following transactions occurred. The company issued 100,000 rights to the shareholders. Ten rights are needed to buy one share at $32 and the rights are void after 30 days. The shares' market price at this time was $34 per share. The company sold the public a $200,000, 10% bond issue at par. The company also issued with each $100 bond one detachable stock purchase warrant, which provided for the purchase of common shares at $30 per share. Shortly after issuance, similar bonds without warrants were selling at 96 and the warrants at $8. All but 10,000 of the rights issued in item 1 were exercised in 30 days. At the end of the year, 80% of the warrants in item 2 had been exercised, and the remaining were outstanding and in good…
4. During the current year, an entity issued 20,000 preference shares of P100 par value for P3,250,000 with 20,000 warrants to acquire 10,000, P50 par value ordinary shares at P60 per share. On the date of the issuance, the market values are 120 for preference and 10 for a warrant. If subsequently, 75% of the warrants were exercised, the amount that will be credited to share premium-issuance is?