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- a) Ace Company stockholder's equity at the end of 2015 is shown in the table below. Determine the number of preferred shares issued; and b) Determine the issue price of each ordinary share, if we assume that the ordinary shares are issued all at one time. Show and explain the solution step by step. Preference share capital, €10 par value €500,000 Share premium – Preference €280,000 Ordinary share capital, €25 stated value Share premium - Ordinary €1,500,000 €900,000 Treasury Shares (10,000 ordinary shares) Retained earnings €150,000 €1,235,000kk.2How much is the ending balance of the Accrued Salaries Payable that will show in the 2023 Statement of Financial Position? How much is the ending balance of the Share Options Outstanding that will show in the 2023 Statement of Financial Position?
- Solve the problem.At 30 June 2023, the board of directors of ABC Co. declared a final dividend of 10c per share on 60 000 ordinary shares. The dividend was paid in August 2023. Record the journal entry of payment of the dividend N Paragraph BIEE 四回 Path: p6. Nichols Inc. has the following transactions impacting its equity accounts during 2020. The number of shares of $1 par value common stock authorized is 100, 000, 000 and the number of shares outstanding as of January 1, 2020 is 40,000,000. The company also has 10,000 shares of 5% preferred stock with $100 par value authorized and outstanding at the beginning of the year. The preferred stock may be converted into 10 shares of common stock and was originally issued for $110 per share. Please record the following transactions: Jan 1 - Nichols issues 20,000,000 shares of common stock for $11 per share. May 1 - Repurchases 400,000 shares of common stock for $10 per share. June 1 - Sold 80,000 shares of treasury stock for $12 per share. October 1 - Nichols issues a 50% stock dividend (issued and distributed same day) December 1 - Issued 20,000 shares for land. The market price of the common stock is $13 per share. Prepare the journal entries to record each of the transactions above. What…
- 2. Wookie plc has a year end of 31 December. The company had 10 million 25 p ordinary shares in issue throughout the year ending 31 December 2021. On 1 August 2022, the company made a 1 for 5 rights issue to existing shareholders at a price of 80 pence per share. The share price immediately before the rights issue was £1.10. < Profit for the year ending 31 December 2021 was £3.75 million and profit for the year ending 31 December 2022 was £4.25 million. Requirements:< (a) Explain why the earnings per share figure is important to investors of listed companies.< (b) Explain the treatment of rights issues and bonus issues when calculating the earnings per share figure for a company in accordance with IAS 33 Earnings Per Share.< (c) Calculate Wookie plc's earnings per share figure for the year ending 31 December 2022 and the original and restated earnings per share for the year ending 31 December 2021.<4.) During 2021, CAPTAIN AMERICA Company had two classes of shares issued and outstanding for the entire year. Additional information are as follows: Ordinary share capital, par ₱10 - ₱1,000,000; 7% Preference share capital, ₱100 par, cumulative - ₱500,000. The net income for the year amounts to ₱500,000. What is the basic earnings per share?what are the dividends allocated to common stock? check pic
- What impact does Target's dividendend annoucement have on it's balance sheet? Target Corporation (NYSE:TGT) recently made a dividend annoucement.The announcement read:The board of directors of Target Coporation has declared a quarterly of 90 cents per common share. The dividend is payable December 10, 2021 to shareholders of record at the close of bussiness November 17, 2021. The 4th quater dividend will be the company's 217th consecutive dividend paid since October 1967 when the company became publicly held. Questions: 1. On which date will Target record a liability for the dividend? 2.On which date will Target pay the cash dividend? 3.On the date of declaration,what will the impact (increase,decrease,noeffect) on Target's:a)assets: b)liabilities; and c)stockholders' equity? 4. On the date of payement, what will be the impact (incease,decrease,no effect)on Target's:a)assets:b)liabilities: and c0 stockholdes" equity?summer provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (noncumulative and participating) 1,000,000 Preference share capital, 8% P50 par (cumulative and participating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018. Book value per 8% preference shareSuppose a corporation has the following shares outstanding: 1. $800,000 in 6% Preferred Stock ($100 par value) 2. $3,200,000 in Common Stock ($10 par value) No dividends were declared for the years 2020 and 2021. Two scenarios are presented below and each is independent of each other. Scenario 1: As of December 31, 2022, a dividend of $250,000 is declared. Indicate the amount that the preferred shareholders will receive if the share is cumulative and non-participating (cumulative and non-participating). Answer: Scenario 2: As of December 31, 2022, a dividend of $800,000 is declared. Indicate the amount that the preferred shareholders will receive if the share is cumulative and non-participating up to 11% in total (cumulative and non-participating). Answer:
