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?

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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

1 Riley Company paid cash dividends of P840,000 and reported net income of P2,170,000. The ordinary shareholders equity at year-end was P7,000,000 and the entity had 280,000 ordinary shares outstanding. What is the book value per ordinary share? 2 Jacob Company provided the following sharcholders' equity on December 31, 2020: Cumulative preference share capital, P100 par, 8% Ordinary share capital, P100 par Share premium Retained camings Treasury ordinary shares - 1,500 at cost Dividends on preference shares are in arrears for 2019 and 2020. What is the book value of an ordinary share on December 31, 2020? P750,000 1,650,000 300,000 390,000 (225,000)
XYZ Corporation reported the following shareholders equity on December 31, 2021 8% cumulative preference share capital, P50 par, liquidating value P55 per share, 20,000 shares authorized, issued and outstanding Ordinary share capital, P25 par, 200,000 shares authorized, 100,000 shares issued and outstanding Retained Earnings- P400,000 Dividends on preference shares have been paid through 2019 but have not been declared for 2020 and 2021 On December 31, 2021, what is the 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?
For the year 2021, Aquamarine Corporation has earned a net income of P400,000. Compute for the basic earnings per share under each of the following assumptions a. The company has only one class of stock with 100,000 shares outstanding b. The company has shares outstanding as follows: 8% Preference Share Capital P50 par, 20,000 shares outstanding Ordinary Share Capital P10 par, 100,000 shares outstanding i. Preference shares are cumulative ii. Preference shares are non-cumulative, dividends has been declared by the BOD iii. Preference shares are non-cumulative, no dividend has been declared by the BOD c. Same as letter b but with additional information with regards to the issuance of ordinary shares Jan 1 Beginning Balance 60,000 shares May 1 Additional Isuance 20,000 shares Aug 1 Additional Isuance 20,000 shares Nov 1 Additional Isuance 30,000 shares
Hw.19.
The equity of Duffy Ltd at 1.12.2022 was as follows: Share capital Share premium Revaluation reserve Retained profits 100,000 shares of 10p each £ 10,000 30,000 40,000 90.000 170.000 On 10.12.2022, the company made a bonus issue. 10 shares were issued for in such a way as to maximise the retained profits. The double entry reflecting this share issue is which of the following:
The equity section of Windsor SA appears below as of December 31, 2022. Share capital-preference (6% preference shares, R$50 par value, authorized 94,600 shares, outstanding 84,600 shares) Share capital-ordinary (R$1 par, authorized and issued 10,000,000 shares) Share premium-ordinary Retained earnings Net income Earnings Per Share: Income from continuing operations Discontinued operations, net of tax R$125,960,000 Net income 31,020,000 R$ R$4,230,000 Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$11,280,000 (before tax) as a result of discontinued operations. Preference dividends of R$253,800 were declared and paid in 2022. Dividends of R$ 940,000 were declared and paid to ordinary shareholders in 2022. 10,000,000 Compute earnings per share data as it should appear on the income statement of Windsor SA. (Round answers to 2 decimal places, e.g. 1.48.) 19,270,000 156,980,000 R$190,480,000
ABC Co. ‘s shareholders’ equity on December 31,2020 are as follows: 7% preference shares P100 par P3,000,000; Ordinary share capital, 50,000 shares P1,500,000; Donated capital P500,000; Accumulated profits P4,500,000. All preference dividends have been fully paid. If preference shares have total liquidation value of P3,200,000, how much is the book value per ordinary share? * P125.80 P126.00 P130 P300
winter provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (noncumulative and nonparticipating) 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 8% preference share
BFAR Corporation has the following information in its shareholders' equity: Ordinary Share Capital of P1,600,000 - P200 par value Share Premium, P400,000 Accumulated Profits of P900,000. ● A share dividend of 6% was declared when the share is selling at P500 per share. Compute the balance of Accumulated Profits after dividend declaration.
On June 30, 2020, when ABC shares were selling for $ 65 each, the equity accounts had the following balances: Common shares (par value $ 50: 50,000 issued) $ 2,500,000 Capital contributed in excess of par value 600,000 Retained earnings 4,200,000 A 100% share dividend is declared and distributed, the balance of the Common Shares account after recording the dividend will be: a. $2,500,000 b. $7,300,000 c. $3,100,000 d. $5,000,000
ABC Co. ‘s shareholders’ equity on December 31,2020 are as follows: 7% preference shares P100 par P3,000,000; Ordinary share capital, 50,000 shares P1,500,000; Donated capital P500,000; Accumulated profits P4,500,000. All preference dividends have been fully paid. If preference shares have total liquidation value of P3,200,000, how much is the book value per ordinary share? * 80 00 P130 P300 answer not given