ABC Co. issued 20,000 shares of its P10 par value ordinary share and 40,000 shares of its P10 par value convertible preference share for a total amount of P1,800,000. At this date, Hallway’s ordinary share was selling P20 per share and convertible preference share was selling for P30 per share. What amount of the proceeds should be allocated to the ordinary share? * P400,000 P450,000 P600,000 P1,350,000 answer not given

Q: On January 1, 2020, XYZ Corporation had 250,000 ordinary shares of P2 par value outstanding.

A: Solution:   Option (c). 750,000 is the answer. Earnings per share = (Net income - preferred…

Q: P Ltd. issues 40,000, 7½% Preference shares if $100 each redeemable after 6 years at a premium of 5%…

A: Cost of preference share capital is that part of cost of capital in which we calculate the amount…

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A: Definition: Preferred stock: Preferred stock is the cash raised by the company by issuing preferred…

Q: CFAS Company issued 100,000, P50 par value, ordinary shares and 20,000, P100 par value, preference…

A: Share premium is an excess value of proceeds over the par value of the share. It can be calculated…

Q: The following transactions were taken from BFAR Corporation: Authorized Ordinary share capital of…

A: The company's share capital is composed of a small part, and each part of the capital is called a…

Q: 4. At the beginning of current years, Erza Company was organized with authorized capital of 100,000…

A: Share premium is the amount that arises on issuing shares at a price above the par value. The par…

Q: On Jan 2, 20X1, ABC acquired 20% of the 400,000 ordinary shares of Yellow Co at P30 per share. The…

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Q: How much is the consolidated retained earnings?

A:

Q: 15. On Jan 1, 20X1,  ABC purchased 24,000 shares of XYZ for P200,000 and paid commission of P10,000…

A: Company means the form of business where management is separately from owner and have perpetual…

Q: ko Babagsak Company has 10,000 P50-par convertible preference shares which were originally issued at…

A: Explanation of Concept reference Shares are the shares which have been issued with preference right…

Q: Required: a) Journalise the above transactions b) Prepare the statement of financial position (…

A: Date  Particulars  Amount Debit (RM)  Amount Credit (RM) 15 April 2015 Bank  50,000,000…

Q: PAPAYA Corporation is authorized to issue ₱1,000,000 share capital dividend into 10,000 shares with…

A: solution given Number of authorized shares 10000 Par  value of shares 100 Number of…

Q: How much is the consolidated total equity? *

A: When one company takes over more than 50% of the shares of another company there exists the patient…

Q: share premium from preference shares

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Q: During 2012, Abysmal Company issued 50,000 convertible preference shares with P100 par value for…

A: Convertible preference shares: These are the type of preference shares that can be converted into…

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Q: BFAR Corp. has ordinary share capital with par value of $50, and preference share capital with par…

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Q: On Jan 2, 20X1, ABC acquired 20% of the 400,000 ordinary shares of Yellow Co at P30 per share. The…

A: Please refer below for explanation

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A: Introduction:- A par value for a stock is its per-share value decided by the company. It is used for…

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Q: Answer..

A: The objective of the question is to prepare the journal entries for the transactions related to the…

Q: On Jan 2, 20X1, ABC acquired 20% of the 400,000 ordinary shares of Yellow Co at P30 per share. The…

A: Correct answer C. 33,000

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A: The par value of shares means the value that is stated by the company at the time of the issue. The…

Q: TWENTY-FIVE Corporation issued 100,000 convertible preference shares with P50 par at P70 per share.…

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Q: PQR SAOG Company has in issue 600,000 OMR 1 equity shares with a current market value of RO 5 each.…

A: A share is a type of ownership unit that reflects an equal amount of a company's capital.…