Antonio Corporation was incorporated on January 2,20x1. The following information pertains to its OrdinaryShares transactions:01/02/x1 Number of shares authorized80,00001/02/x1 Number of shares issued20,00002/02/x3 Number of shares issued60,00003/01/x4 Number of shares re-acquired butnot cancelled5,00004/01/x5 two for one stock split1. If the corporation paid dividends of P.50 per shareevery December of every year how much is the totaldividends declared and paid from the date of theincorporation up to December 31, 20x5?2. After the 2 for 1 stock split, how many issued sharesare there?

Authorized share is not relevant for the calculation of amount of dividend declared and paid.…

Antonio Corporation was incorporated on January 2, 20x1. The following information pertains to its Ordinary Shares transactions: 80,000 01/02/x1 Number of shares authorized 01/02/x1 Number of shares issued 02/02/x3 Number of shares issued 03/01/x4 Number of shares re-acquired but not cancelled 04/01/x5 two for one stock split 20,000 60,000 5,000 1. If the corporation paid dividends of P.50 per share every December of every year how much is the total dividends declared and paid from the date of the incorporation up to December 31, 20x5? 2. After the 2 for 1 stock split, how many issued shares are there?

Antonio Corporation was incorporated on January 2, 20x1. The following information pertains to its Ordinary Shares transactions: 80,000 01/02/x1 Number of shares authorized 01/02/x1 Number of shares issued 02/02/x3 Number of shares issued 03/01/x4 Number of shares re-acquired but not cancelled 04/01/x5 two for one stock split 20,000 60,000 5,000 1. If the corporation paid dividends of P.50 per share every December of every year how much is the total dividends declared and paid from the date of the incorporation up to December 31, 20x5? 2. After the 2 for 1 stock split, how many issued shares are there?

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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Concept explainers

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.

Question

Antonio Corporation was incorporated on January 2,
20x1. The following information pertains to its Ordinary
Shares transactions:
01/02/x1 Number of shares authorized
80,000
01/02/x1 Number of shares issued
20,000
02/02/x3 Number of shares issued
60,000
03/01/x4 Number of shares re-acquired but
not cancelled
5,000
04/01/x5 two for one stock split
1. If the corporation paid dividends of P.50 per share
every December of every year how much is the total
dividends declared and paid from the date of the
incorporation up to December 31, 20x5?
2. After the 2 for 1 stock split, how many issued shares
are there?

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