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 Ordinary share capital, €25 stated value Share premium - Ordinary Treasury Shares (10,000 ordinary shares) Retained earnings €280,000 €1,500,000 €900,000 €150,000 €1,235,000

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 Ordinary share capital, €25 stated value Share premium - Ordinary Treasury Shares (10,000 ordinary shares) Retained earnings €280,000 €1,500,000 €900,000 €150,000 €1,235,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

What is the market price of a share of stock for a firm with 100,000 shares outstanding, a book value of equity of P3,000,000, and a market/book ratio of 1.0? a. P8.57 b. P30.00 c. P85.70 d. P105.00
On January 2015, ABC had 5 million RM 1 ordinary shares in issue. On 1 March 2015, ABC made a 1 for every 2 bonus issue from the share premium account. On 1 August 2015, ABC issued 3 million RM 1 ordinary shares for RM 4.10 each at full market price. The profit after tex for the year ended 31 December 2015 is RM 3.8 million. The basic EPS for the year ended 31 December 2014 is 48.2 sen. At January 2015, the ordinary shareholders of ABC held options to purchase 1 million RM 1 ordinary shares at RM 3.10 per share. The options are exercisable between 1 January 2017 and 31 December 2018. The average market value of one RM 1 ordinary share of ABC for the year ended 31 December 2015 was RM 4. a) Calculate the basic EPS of ABC for the year ended 31 December 2015, including the comparative figure. b) Calculate the diluted EPS of ABC for the year ended 31 December 2015.
Kindly answer with corresponding solutions, round off the answer to two decimal places.
o The following information is available concerning the price evolution of Microsoft stocks between 2016-2019 and the dividends paid by them. Date March 1, 2016 April 1, 2016 July 1, 2016 March 1, 2017 March 1, 2019 Close price 55.23 49.87 56.68 65.86 117.94 Total Dividends - 0.36 1.50 4.88 o Requirements: Considering that you bought Microsoft shares on March 1, 2016, compute the holding-period return for each maturity • Annualize the holding-period returns using EAR and APR • Comment on the results
The market value of G's common stock was P20 per share at December 31, 2010, and P27 per share at December 31, 2011. The cost method is used to record treasury shares transactions. What account(s) should G credit in 2011 to record the sale of 3,000 shares? Group of answer choices A. Treasury Shares for P81,000 B. Treasury Shares for P60,000 and Retained Earnings for P21,000 C. Treasury Shares for P72,000 and Retained Earnings for P9,000 D. Treasury Shares for P60,000 and APIC from Treasury Share for P21,000
qr.1.
The owners’ equity accounts for Vase Corporation are shown here: Common stock (€3 par value) Capital surplusRetained earningsTotal owners’ equity €900,000 1,200,000 2,600,000 4,700,000 Instructions: 1. If the company’s stock currently sells for €58 per share and a 15 percent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change. 2. Assume that instead of a stock dividend, the company declares a three-for-one stock split. How the equity accounts will change? How many shares are outstanding now? What is the new par value per share?
Belltower, Inc. has net income for 2016 of $370,000. At January 1, 2016, the company had outstanding 54,000 shares of $50 par value common stock and 10,000 shares of 6%, $100 par value cumulative preferred stock. On September 1, 2016, an additional 18,000 shares of common stock were issued.What is the earnings per share for 2016 (to the nearest cent)? Question 14 options: A) $4.44 B) $6.17 C) $4.31 D) $5.17
need help with blanks of this problem
ABC issued a series of preference share that currently pay dividend of $3.45 per share in perpetuity. What is the current market price of ABC shares if required rate of return is 12% p.a.
Think about the information below: Capital surplus Retained earnings Common stock ($1 par valve) TOTAL OWNERS' EQUITY Dollars ($) 400,000 900,000 5,000,000 6,300,000 Shares are currently trading around $51 each. What impact would a 10% stock dividend have on the equity accounts? Provide the updated numbers for each line item following the dividend.
XYZ issued a series of preference share that currently pay dividend of $4.55 per share in perpetuity. What is the current market price of XYZ shares if required rate of return is 11% p.a.