Activity No. 5. Dev Xe Company inpartner's equity has the followingtransactions for the year endedDecember 31, 2020. Prepare a COMPLETEStatement of Changes in Equity.Capital, January 2020, Partner 1Capital, January 2020, Partner 2 200,000.00Capital, January 2020, Partner 3 150,000.00Net IncomeInvestment, Partner 1Investment, Partner 2Investment, Partner 3Withdrawals, Partner 175,000.0050,000.00100,000.0020,000.0040,000.0037,500.00Withdrawals, Partner 250,000.00Withdrawals, Partner 375,000.00lyong sagotActivity No. 6. Enumerate accounts thatpoints out different parts of theStatement of Changes in Equity. a.specifically, accounts that Increases theequity - b. specifically, accountsthat Decreases the equity

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Activity No. 5. Dev Xe Company in partner's equity has the following transactions for the year ended December 31, 2020. Prepare a COMPLETE Statement of Changes in Equity. Capital, January 2020, Partner 1 75,000.00 Capital, January 2020, Partner 2 200,000.00 Capital, January 2020, Partner 3 150,000.00 Net Income Investment, Partner 1 Investment, Partner 2 Investment, Partner 3 Withdrawals, Partner 1 Withdrawals, Partner 2 Withdrawals, Partner 3 50,000.00 100,000.00 20,000.00 40,000.00 37,500.00 50,000.00 75,000.00

Activity No. 5. Dev Xe Company in partner's equity has the following transactions for the year ended December 31, 2020. Prepare a COMPLETE Statement of Changes in Equity. Capital, January 2020, Partner 1 75,000.00 Capital, January 2020, Partner 2 200,000.00 Capital, January 2020, Partner 3 150,000.00 Net Income Investment, Partner 1 Investment, Partner 2 Investment, Partner 3 Withdrawals, Partner 1 Withdrawals, Partner 2 Withdrawals, Partner 3 50,000.00 100,000.00 20,000.00 40,000.00 37,500.00 50,000.00 75,000.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Oriole, Inc. had the following equity investment portfolio at January 1, 2020. Evers Company 960 shares @ $ 14 each $ 13,440 Rogers Company 880 shares @ $ 20 each 17,600 Chance Company 520 shares @ $ 10 each 5,200 Equity investments @ cost 36,240 Fair value adjustment ( 7,300 ) Equity investments @ fair value $ 28,940 During 2020, the following transactions took place. 1. On March 1, Rogers Company paid a $ 2 per share dividend. 2. On April 30, Oriole, Inc. sold 320 shares of Chance Company for $ 11 per share. 3. On May 15, Oriole, Inc. purchased 100 more shares of Evers Company stock at $ 17 per share. 4. At December 31, 2020, the stocks had the following price per share values: Evers $ 18, Rogers $ 19, and Chance $ 9. During 2021, the following transactions took place. 5. On February 1, Oriole, Inc. sold the remaining Chance shares for $ 9 per share. 6. On March 1, Rogers Company paid a $ 2…
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In its December 31, 2021 statement of changes in equity, what amount should the firm report as accumulated profits (retained earnings)?
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Condensed statements of financial position of Leni and Kiko as of December 2021 are as follows: Leni Current Assets 43,750 Noncurrent Assets 181,250 Liabilities 16,250 Common Stock, P20 par 137,500 APIC 8,750 Retained Earnings 62,500 Kiko Current Assets 16,250 Noncurrent Assets 106,250 Liabilities 8,750 Common Stock, P20 par 75,000 APIC 6,250 Retained Earnings 32,500 On January 1, 2022 Leni Corp issued 8,750 shares with a market value of P25/share for the assets and liabilities of Kiko Corp. The book values reflects the fair value of the assets and liabilities, except that non current assets of Kiko have a temporary appraisal value of 157,500 and the noncurrent assets of Leni Corp is overstated by 7,500. Contingent consideration, which is determinable, is equal to 3,750. Leni also paid for the share issuance cost of 8,500 and other acquisition related cost of 4,750. On March 1, the contingent consideration has a determinable amount of 5,000 and on the same date the provisional fair…
Problem One: Prepare proper journal entries for these transactions for Batman Industries Inc. The following activities regarding share subscriptions occurred during 2020 for Batman Industries Inc. July 1- Sold 1,000 subscriptions for common shares at $20 per share. Subscribers paid $5 per share on this date; $5 more per share is due on September 1. Subscribers who fail to make the second payment on September 1 get their deposit refunded. The final payment of the balance of $10 per share is due on December 1. Subscribers who fail to make the final payment forfeit the $10 per share they have paid. September 1 – 900 of the subscribed shares first payment were made. 100 were not made and qualified for the refund. Record the payments received and the refund made. December 1 – 800 final payments were received, 100 more did not make the payment and forfeited their first two payments. Record the payments received, the common shares issued, and the payments forfeited.
(a) Prepare the statement of changes in equity of Avery Bhd. for the year ended 30 June 2021. (b) Prepare the non-current assets schedule of Avery Bhd. for the year ended 30 June 2021.
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Note: RP AND IDR The book I use: Intermediate Accounting, Kieso, ifrs Edition, Fourth Edition Questions in image
What is the Equity Multiplier for the firm in the picture?
EXPLAIN THE RESULT OF EACH ITEMS
Endless Company provided the following shareholders Problem 18-2 (ACP) equity on December 31, 2021: Preference share capital, l12% P100 par Ordinary share capital, P100 Share premium Retained earnings 1,000,000 4,000,000 2,000,000 1,000,000 Dividends have been paid on the preference share un in December 31, 2019. Required: Compute the book value per ordinary share and pen preference share under each of the following conditions with respect to preference share: a. Cumulative and fully participating b. Cumulative and fully participating after ordinary share receives 15%: c. Cumulative and participating up to l16% d. Cumulative and nonparticipating e. Noncumulative and nonparticipating