A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500 of the shares at $20. What is the amount of revenue realized from the sale? $0 O $2,500 O $10,000 $5.000
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- A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500 of the shares at $20. What amount of revenue is realized from the sale? Group of answer choices $0 $5,000 $2,500 $10,0006. Assad Corporation repurchases 10,000 of its shares for $12 per share. The shares were originally issued at an average price of $10 per share. How much gain or loss should Assad report on its statement of comprehensive income as a result of this transaction? a.$0 b.$20,000 loss c.$100,000 gain d.$20,000 loss and $100,000 gainA corporation using the equity method of accounting for its investment in a 80%–owned investee, which earned $20,000 and paid $5,000 in dividends What is the ending balance of investment on 31/12 if investment in 1/1 amount 100,000$ ? Select one: a. 112,000 b. 115,000 c. 120,000 d. 100,00
- A corporation using the cost method of accounting for its investment in a 80%–owned investee, which earned $20,000 and paid $5,000 in dividends What is the ending balance of investment on 31/12 if investment in 1/1 amount 100,000$ ? Select one: a. 120,000 b. 100,000 c. 115,000 d. 112,0005. PAPAYA Corporation is authorized to issue ₱1,000,000 share capital dividend into 10,000 shares with ₱100 par. If 2,000 shares were sold on cash basis at ₱150/share, by how much did the corporation's asset increase? a. ₱ 300,000 b. ₱ 100,000 c. ₱ 200,000 d. ₱ 400,000The share capital account of the company reports a balance of R500 000 reporting ordinary shares of 20 cents each. Directors have declared an interim dividend of 5 cents per share. What is the amount of the dividend to be accounted for? Select one: a. R25 000 b. R50 000 c. R125 000 d. R75 000
- A corporation purchases 10,000 shares of its own $20 par common stock for $35 per share, recording it at cost. What will be the effect on total stockholders' equity? Select one: O a. increase, $200,000 O b. increase, $350,000 Oc decrease, $200,000 O d. decrease, $350,000A corporation purchases 43800 shares of its own $15 par common stock for $35 per share, recording it at cost. What will be the effect on total stockholders’ equity? Decrease by $1533000 Increase by $1533000 Increase by $657000 Decrease by $657000What is the retained earnings after these Transactions? 1. The begining balance of retained earnings is $190000 2. Paid $10000 dividend of preference shares 3. Sales on account $80000, 3% were estimated to be uncollectable, and estimated warranty expense was 4% of sales. The cost of sales was $50000. 4.Issued 1000 ordinary shares to acquire valued at 1000 and equipment with market value of $19800. The cost of equioment was $40000 and accumulated depreciation was $28000. 5. Recored depreciation expenses of $8200 Note: Not all information is useful for these questions.
- Problem 6. The following data were taken from the records of Valencia Frutti Corporation: Share Capital, P50 par, 3,000 shares, Authorized 1,000 shares issued Premium on Share Capital P50,000 3,000 Accumulated Profits (Losses) The Corporation reacquires 100 shares at P55.00 per share, and later sold these share for: a) P55.00 per share (at cost) b) P60.00 per share (above cost) c) P50.00 per share (below cost) Required: 1. Journal Entry to record the acquisition of the treasury shares. 2. Journal entry to record the sale of the treasury shares under the three given cases. 10,000Assume that you have just purchased some shares in an investment company reporting $975 million in assets, $75 million in liabilities, and 75 million shares outstanding. What is the net asset value (NAV) of these shares? $14 $1 $12 $13Assume that you have just purchased some shares in an investment company reporting $570 million in assets, $24 millon in liabilities, and 36 million shares outstanding. What is the Net Asset Value (NAV) of these shares? Multiple Cholce $22.25 $9.58 $1.50 $1517