51. What is the amount of dividend per share that MOONSTONE paid on March 31, 2021?1.500.851.591.70No answer from the given choices.52. How much is the ordinary share capital, December 31, 2021? 24,531,00024,498,80018,870,00017,000,000No answer from the given choices.53. How much will is the total cash dividends paid during the year 2021? 9,000,0006,750,00012,399,90012,439,800No answer from the given choices.54. Number of fractional warrants outstanding as of December 31, 2021 66,10013,22052,8800No answer from the given choices.55. How much is the retained earnings appropriated for contingency loss? 300,000200,000250,000 The capital accounts of MOONSTONE Company on December 31, 2020 are as follows:10,000,000ORDINARY SHARES, Php 10, 1,000,000 issued and outstanding PhpSHARE PREMIUM5,000,000RETAINED EARNINGS25,000,000The following related transactions happened on the operating year 2021.Feb.Issued 500,000 new shares at Php 15..15Mar.Paid quarterly dividends of Php 2,250,000.31May13Php 2,000,000 of 1,000 bonds were converted to ordinary shares at a rate of100 shares per 1,000 bonds.Jun.Issued 11% stock dividends.16Jun.Paid quarterly dividends. The dividends per share is the same as that paid inthe first quarter.30Sept.30MOONSTONE Company declared and distributed a 30% share dividend butinitially issued only 500,000 new shares; the other dividend shares were notissued because some investors did not own MOONSTONE shares in evenmultiple of 10. To these shareholders, MOONSTONE issued fractional sharewarrants.Oct.80% of the fractional share warrants were ultimately turned in for shares thusfull shares were issued.15Nov.31MOONSTONE is being sued by two separate parties for patent infringements,MOONSTONE management and outside legal counsel share the followingopinions regarding to these suits:Suit NumberLikelihood of Losing the suitEstimated Loss1Reasonably possible300,0002Probable200,000Dec.Paid quarterly dividends. The dividends per share is twice the dividends pershare last June 30.15

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FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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51. What is the amount of dividend per share that MOONSTONE paid on March 31, 2021? 1.50 0.85 1.59 1.70 No answer from the given choices. 52. How much is the ordinary share capital, December 31, 2021? 24,531,000 24,498,800 18,870,000 17,000,000 No answer from the given choices. 53. How much will is the total cash dividends paid during the year 2021? 9,000,000 6,750,000 12,399,900 12,439,800 No answer from the given choices. 54. Number of fractional warrants outstanding as of December 31, 2021 66,100 13,220 52,880 0 No answer from the given choices. 55. How much is the retained earnings appropriated for contingency loss? 300,000 200,000 250,000

The capital accounts of MOONSTONE Company on December 31, 2020 are as follows:
10,000,000
ORDINARY SHARES, Php 10, 1,000,000 issued and outstanding Php
SHARE PREMIUM
5,000,000
RETAINED EARNINGS
25,000,000
The following related transactions happened on the operating year 2021.
Feb.
Issued 500,000 new shares at Php 15..
15
Mar.
Paid quarterly dividends of Php 2,250,000.
31
May
13
Php 2,000,000 of 1,000 bonds were converted to ordinary shares at a rate of
100 shares per 1,000 bonds.
Jun.
Issued 11% stock dividends.
16
Jun.
Paid quarterly dividends. The dividends per share is the same as that paid in
the first quarter.
30
Sept.
30
MOONSTONE Company declared and distributed a 30% share dividend but
initially issued only 500,000 new shares; the other dividend shares were not
issued because some investors did not own MOONSTONE shares in even
multiple of 10. To these shareholders, MOONSTONE issued fractional share
warrants.
Oct.
80% of the fractional share warrants were ultimately turned in for shares thus
full shares were issued.
15
Nov.
31
MOONSTONE is being sued by two separate parties for patent infringements,
MOONSTONE management and outside legal counsel share the following
opinions regarding to these suits:
Suit Number
Likelihood of Losing the suit
Estimated Loss
1
Reasonably possible
300,000
2
Probable
200,000
Dec.
Paid quarterly dividends. The dividends per share is twice the dividends per
share last June 30.
15

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