ABC Co. has authorized share capital of 10,000 8% preference shares with P100 par value and 100,000 ordin P10 par value. ABC Co. reported this on December 31, 2020: Preference share capital Ordinary share capital Share premium Retained Earnings Treasury ordinary shares es - 1, 000 at cost Shareholders ' equity 500,000 900,000 90,000 138,000 (20,000) P1,608,0 P Dividends on preference shares are in arrears for the curn If ABC Co. is liquidated, how much would be received by

Q: Andromeda Corp. reported the following shareholders’ equity on December 31, 2023: 12% cumulative…

A: Solution:The book value per preference share :First we calculate cumulative dividend arrears…

Q: Affleck Company has the following types of outstanding shares at December 31, 2020: ·…

A: Dividend on 12% Preference Share = P4,000,000 x 12% = P480,000 Dividend on 10% Preference Share =…

Q: The shareholders' equity section of the 30 June 2020 balance sheet for Charbel Constructions is as…

A: Outstanding shares refer to the number of shares issued and subscribed by the shareholders of a…

Q: The following information is provided for Mario Company: Retained earnings, P350,000 Preference…

A: Total contributed capital =  Preference share capital + Premium on ordinary shares + Share Premium…

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.