Andromeda Corp. reported the following shareholders’ equity on December 31, 2023: 12% cumulative preference share capital, P180 par : P3,060,000 Ordinary share capital, P 60 par : 9,600,000 Share premium – Preference : 1,920,000 Share premium – Ordinary :3,400,000 Retained Earnings : 3,020,000 The preference share has a liquidation value of P220 per share. The last dividend payment was made on December 31, 2020. What is the book value per preference share?
Q: Refer to the original data. The Marketing Department thinks that a fancy new package for the laptop…
A: CVP analysis is used to identify the changes in costs and volume affect a company's operating…
Q: The Jabba Corporation manufactures the "Snack Buster" which consists of a wooden snack chip bowl…
A: Answer:- Relevant cost meaning:- Relevant expenditures are expenses that will be important when…
Q: ndicate whether each of the following variances is favorable (F) or unfavorable (U). The first one…
A: A variance is said to be Favorable when the budgeted revenues are less than actual revenues and…
Q: Crane Co. began operations on July 1. It uses a perpetual inventory system. During July, the company…
A: The goods or items (considered inventory) owned by a business entity at the period-end while…
Q: A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through…
A: Bank Reconciliation Statement :— It is the statement that shows reconciliation of balance as per…
Q: 1-b. Prepare contribution format income statements for May.
A: The contribution margin is the margin after deducting variable costs from the revenue (sales). This…
Q: Required information [The following information applies to the questions displayed below] A company…
A: FIFO stands for first in first out.Using FIFO, the older inventory is sold first and newer inventory…
Q: Staley Co. manufactures electronic equipment. The following is a summary of its basic cost and…
A: Contribution margin: The difference between the sales and the variable costs is called the…
Q: Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and…
A: Under FIFO method the oldest products in inventory have been sold first.Under LIFO method the newest…
Q: Duke Company's records show the following account balances at December 31, 2024: $ 16,800,000…
A: Answer:- Income statement meaning:- An income statement is a financial statement, that lists the…
Q: Lansing, Inc. provides the following information for one of its department's operations for June (no…
A: The production cost is prepared following five steps: -(1) Flow of Physical Units(2) Equivalent Unit…
Q: 4. (a) Leia plc has five operating segments. The following information relates to the year ending 31…
A: Since you have posted multiple questions, as per the guidelines only the first question will be…
Q: Sherise Saad, Kait Steven, and Jed Pert have formed a partnership. Saad invested $110,000, Steven…
A: As per the Honor code of Bartleby we are bound to give the answer of first three sub part only,…
Q: Use the appropriate amortization formula to find (a) the monthly (n=12) payment on a loan with the…
A: Amortization means the amount of Principal and interest paid each month over the course of your loan…
Q: Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000…
A: Preferred Dividend :— It is calculated by multiplying face value of preferred stock with dividend…
Q: On 1 January 2020, Jacobs company acquired 90% of Gamma company’s share capital for a total value of…
A: NCI is also written as non controlling interest and it represents the outside shareholding or shares…
Q: ABC Inc. uses the FIFO cost formula in a periodic inventory system. Jul 1 Beginning inventory 20…
A: Let's calculate it step by step:Beginning inventory on July 1: 20 units @ $19 per unitTotal cost: 20…
Q: Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price…
A: Direct Material Price Variance :— It is the difference between the actual quantity of direct…
Q: ROI, Margin, Turnover Allard, Inc., presented two years of data for its Frozen Foods Division and…
A: FormulaROI = Operating Income/Average Operating Assets x 100Margin= Operating Income/Sales x…
Q: Kingbird Corporation is authorized to issue 1,130,000 shares of $1 par value common stock. During…
A: 1.DateAccounts Debit Credit Jan. 15Cash (791,000 shares x $7 per share)$5,537,000 Common stock…
Q: subject-Accounting The following information pertains to Venus Company's cost-volume-profit…
A: CVP analysis is used to identify the changes in costs and volume affect a company's operating…
Q: do
A: Incremental Analysis :— This analysis shows the comparison between two different alternatives.…
Q: Sunland Company has recently decided to go public and has hired you as an independent CPA. One…
A: The cash flow statement is an essential part of the company's financial statements. A cash flow…
Q: Data table Oct 1 Receipts Oct 31 Oct 1 Acquisition Oct 31 Payments Cash 128,000 668,800 Payments…
A: Cash Flow Statement -Statement of Cash Flow shows inflow and outflow of cash during the financial…
Q: What is the seven-year future value? The units of your answer should be 'billion dollars'. Input…
A: Under Compound Interest Method, interest is being provided on the accumulated opening balance of the…
Q: Marian Plunket owns her own business and is considering an investment. If she undertakes the…
A: Net present value refers to the method of capital budgeting used for estimating the viability of the…
Q: On February 13, Scanlon Co. paid $1,790 to repair the transmission on one of its delivery vans. In…
A: Journal Entry :— It is an act of recording transaction in books of account when transaction…
Q: the current year, Power Cords Corp. expected to sell 42,300 industrial power cords. Fixed costs were…
A: Margin of safety in units = Total sales in units - Break-even sales in units Break-even sales in…
Q: Sheridan Industries uses a process cost system. Products are processed first by Department A, then…
A: A company may have more than one process in different departments to complete the units. The process…
Q: 1. If an expense (e.g Rent Expnese) is to be paid for the month, why are expenses increased in the…
A: The general ledger serves as a foundation for preparing financial statements and provides a…
Q: Blend Inc. issued 500, $1,000 bonds at 102. Each bond was issued with two detachable stock warrants.…
A: A journal entry's goal is to show how a transaction changed the accounting equation, which reads:…
Q: 9. You decide to borrow $23000 to do some renovations on your home. You are comparing two options.…
A: Here Investment = $ 23,000Option A:Time period = 3 years = 36 monthsRate = 2.5 %Option B :Time…
Q: Carbex, Inc., produces cutlery sets out of high-quality wood and steel. The company makes a Standard…
A: When calculating a break-even point based on sales dollars, the following factors should be…
Q: Divisional Income Statements with Service Department Charges Grael Technology has two divisions,…
A: The divisional income statement is one of the formats of financial statements used in an entity…
Q: Required: Prepare the journal entry to record the adjustment in December 20X8. (Assume the company…
A: In first entry to correct the incorrect entry we should the debit the expenses-equipment account and…
Q: Flexible Budget In an attempt to improve budgeting, the controller for Engersol, Inc., has…
A: Performance report is the one which is prepared by the entity to determine the variances. It shows…
Q: Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting…
A: The FIFO method considers the work done on the beginning inventory in the last period and completes…
Q: Peggy owns 100% of Delta Corporation's stock. She purchased her stock ten years ago, and her current…
A: Liquidate refers to the process of turning property or assets into cash or financial equivalents…
Q: ables acquired 15% stock Kobot Sofa: per share on April 1, 2025. On August 8, Robot Sofas declared…
A: Journal entry: It refers to the recording of the transaction and event takes place in the business…
Q: Compute the followings: Example of Answer: 4000 No comma, space, decimal point, or $ sign. Raw…
A: Factory overheads are also sometimes referred to as manufacturing overheads which include the…
Q: Cash Accounts receivable. Merchandise inventory Accounts payable Cost of goods sold Building Sales…
A: The gross margin is frequently stated as a percentage, which is calculated by dividing the gross…
Q: Stacey Company operates a small manufacturing facility as a supplement to its regular service…
A: Loss in the value of asset due to usage, wear and tear, obsolescence is called as…
Q: Arsenio Company manufactures a single product that goes through two processes, mixing and cooking.…
A: The process costing computes the equivalent units based on the percentage of work done on the units…
Q: Inventoriable goods were purchased on 5/4/x1, terms-2/10, net 30, for $10,000. Using the perpertual…
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…
Q: A$600,000 bond was retired at 101 when the carrying value of the bond was $622,000 The entry to…
A: For the purpose of keeping track of commercial transactions, the business firm documents them in the…
Q: Use the following information for the Quick Studies below. (Algo) [The following information applies…
A: Retained earnings are the earnings that remain after dividend payments have been made. Simply put,…
Q: Zachary Manufacturing Company established the following standard price and cost data: Sales price $…
A: Flexible budget is prepared for the actual units produced during the year. The report based on…
Q: Determine the following (1–18) measures for 20Y2, rounding to one decimal place, except the dollar…
A: “Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…
Q: Garden Depot is a retaller that is preparing its budget for the upcoming fiscal year. Management has…
A: A cash budget is an estimate of a corporation's cash flows for a given time span. A cash budget is…
Q: Profits have been decreasing for several years at Pegasus Airlines. In an effort to improve the…
A: An expenditure that won't be incurred if a specific activity is not carried out is called an…
Andromeda Corp. reported the following shareholders’ equity on December 31, 2023:
- 12% cumulative
preference share capital, P180 par : P3,060,000 - Ordinary share capital, P 60 par : 9,600,000
- Share premium – Preference : 1,920,000
- Share premium – Ordinary :3,400,000
Retained Earnings : 3,020,000
The preference share has a liquidation value of P220 per share. The last dividend payment was made on December 31, 2020.
What is the book value per preference share?
Step by step
Solved in 3 steps
- Hyde Corporations capital structure at December 31, 2018, was as follows: On July 2, 2019, Hyde issued a 10% stock dividend on its common stock and paid a cash dividend of 2.00 per share on its preferred stock. Net income for the year ended December 31, 2019, was 780,000. What should be Hydes 2019 basic earnings per share? a. 7.80 b. 7.09 c. 7.68 d. 6.73LABAN Company provided the following shareholders’ equity on December 31, 2020:Preference share capital, 12% P100 par1,000,000Ordinary share capital, P1004,000,000Share premium2,000,000Retained Earnings1,000,000Dividends have been paid on the preference share up to December 31, 2017.Required:Compute the book value per ordinary share and per preference share under each of thefollowing conditions with respect to preference share:a) Cumulative and fully participatingb) Cumulative and fully participating after ordinary share receives 15%c) Cumulative and participating up to 16%d) Cumulative and non-participatinge) Noncumulative and non-participatingLABAN Company provided the following shareholders’ equity on December 31, 2020:Preference share capital, 12% P100 par1,000,000Ordinary share capital, P1004,000,000Share premium2,000,000Retained Earnings1,000,000Dividends have been paid on the preference share up to December 31, 2017.Required:Compute the book value per ordinary share and per preference share under each of thefollowing conditions with respect to preference share:d) Cumulative and non-participatinge) Noncumulative and non-participating
- lala provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (cumulative and nonparticipating) 1,000,000 Preference share capital, 8% P50 par (noncumulative and participating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018Compute the book value per 8% preference sharePPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is noncumulative and nonparticipating, compute for the book value per ordinary share. 2. Assuming that the preference share is noncumulative and nonparticipating, compute for the book value per preference share.Sabo Company reported the following shareholders’ equity at year end:6% noncumulative preference share share capital, P100 par,Liquidation value of P105 per share 1,000,000Ordinary share capital, P100 par 3,000,000Retained earnings 950,000Preference dividends have been paid up to December 31, 2020. What is the book value per ordinary share?
- PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is cumulative and nonparticipating, compute for the book valueper ordinary share. 2. Assuming that the preference share is cumulative and nonparticipating, compute for the book value per preference share.Del Valle Company provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (cumulative and nonparticipating) 1,000,000 Preference share capital, 8% P50 par (noncumulative and participating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018.compute the book value per ordinary shareprovided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (noncumulative and participating) 1,000,000 Preference share capital, 8% P50 par (cumulative and nonparticipating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018. Book value per ordinary share
- Shaina company reported the following shareholders’ equity on December 31, 2019:Preference share capital, 10% cumulative and non participating, P100 par, 10,000 shares P1,000,000Ordinary share capital, P100 par, 20,000 shares 2,000,000Subscribed ordinary share capital, 10,000 shares 1,000,000Subscriptions receivable 250,000Share Premium 500,000Retained Earnings 1,200,000Treasury ordinary shares, 5,000 at cost 400,000 The preference dividends are in arrears for 2017, 2018 and 2019. a. What is the book value per ordinary share? b. What is the book value per preference share?provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (noncumulative and participating) 1,000,000 Preference share capital, 8% P50 par (cumulative and participating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018. compute the Book value ordinary shareAlpha company reported the following equity accounts on January 1, 2020. Share capital, P20 par, P8,000,000; Share premium, P2,750,000; Retained earnings, P1,275,000. All shares outstanding on January 1 were issued for P26 a share. On December 31, the entity reacquired 20,000 shares at P24 a share and retired them. What is the balance of the share premium?