Assets Liabilities Shareholders' Equity ? $275,600.00 $305,600.00 a. $(30,000.00) O b. $581,200.00 C. $305,600.00 d. $275,600.00
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- CH Required information Sovran Financial Corporation reported net income of $154 mlion for the current year (tax rate 25%). Its capital structure consksted of the folkowing. Unchanged during the year Common Stock Jan. 1 60 million common shares were outstanding (S amounts in milions, except per share amount) Basic EPS: Netincome $154 $2.57 60 Shares outstanding 0:00/1:23 720p 1X CC O Knowledge Check 01 Greene Corporation reported net income of $300,000. The company had 60,000 common shares outstanding, which remained unchanged during the current year. What is the company's basic EPS? (Round your answer to 2 decimal places.) Basic EPS IMG-1894.jpg IMG-1895.jpg IMG-1896.jpg --pdf 490CA57F-89F1....pdfDon't give answer in image formatQuestion 1 The following information relates to a company listed on Luse- Mungwi PLC ZMK Issued share capital (1000 shares) Share premium. Reserves. Share holders funds. 6% Irredeemable Debentures. 9% Redeemable Debentures. Bank loan. Total Long Term Liabilities. Million 4 000 2 600 290 6,890 2,800 2,900 1 000 6 700 The current cum interest market value per k100 units is k103 and k105 fir the 6% and 9% Debentures respectively. The 9% Debenture is redeemable at par in 10 years time. The bank loan bears interest rate of 2% above the base rate (current base rate is 15%). The current ex-div market price of shares is k1, 100 and a dividend of K100 per share which is expected to grow at a rate of 5% per year has just been paid. The effective corporation tax rate for Mungwi is 30%. Required: A) Calculate the effective after tax weighted Average Cost of Capital (WACC) fir Mungwi PLC
- hello, I need help please1,00,0000.00 common stock authorized 300,000.00 common stock issued value of land 1,200,000.00 $1.00 par value prepare the journal entriesQuestion 6: Myrnam Co. has the following investments held for trading on December 31, 2021: Carrying Value 185,000 125,000 230,000 540,000 Fair Value Category FVTPL Security Co. M common shares Co. N preferred shares Co. P common shares 160,000 140,000 190,000 490,000 FVTPL FVTOCI Total Instructions: a. Prepare the adjusting entries required at December 31 to report the above investments at fair value. b. Show the financial statement presentation of the investments and holding gains and losses that result from fair value adjustments at December 31, 2021. (Ignore income tax.) c. Assuming that on April 25, 2022, Myrnam sold Co. M common shares for $160,000, Co. N preferred shares for $135,000, and Co P common shares for $200,000, prepare the journal entries required to record these transactions. Round amounts to the nearest dollar. Show ALL calculations
- X collected in full the balance of subscription receivable of P187.500 for the total subscription of 10,000 P25 par common stocks. The journal entry to record the issuance of certificates under journal entry method will require a a. debit to subscribed capital of P187,500. b. debit to subscribed capital of P 200,000, C. credit to unissued stock of P 250,000. d. credit to capital stock of P187.500.Question One The following trial balance relates to Succeed Limited as at 30 June 2020 K K 88,000 K1 ordinary shares – issued 88,000 44,000 8% K1 preference shares 44,000 Share premium account 11,000 Revaluation reserve - PPE 33,000 Sales 220,000 Purchases 135,300 Opening inventory 87,279 Trade receivables and prepayments 29,920 Trade payables and accruals 15,094 Bank balance 4,726 10% Loan stock 17,600 General reserve 30,800 Bad debts 374 Wages and salaries 31,020 Installment tax paid 3,850 Insurance 1,551 Dividend paid - Preference 3,520 Dividend paid - Ordinary 2,420 Postage and telephone 682 Light and heat 1,338 Loan stock interest (½ year to 31 December 2019) 880 Directors’ fees 2,750 General expenses 3,419 Vehicles (cost K21,340) 7,480…QUESTION 18. A,B,C were three partners sharing profit and losses in the ratio of 3:2:1 Statement of financial position as at 31st December 2011 TZS “000" TZS "000" Bank balance 2,700 | Creditors 17,300 Stock 8,400 Bills payable 3,400 Debtors 7,000 Reserve fund 6,300 Provision for bad debt (350) 6,650 | Capitals Bills receivable 2,400 | A 8,000 Motor vehicle 6250 B 5,000 Land and buildings 17,300 | C 3.000 16,000 Patents 4,300 A'S Loan 5,000 Total 48,000 Total 48,000 It was decided to admit “ D" as partner for one sixth share in the future profit on the condition that he brings TZS 6,000,000 by way of capital and TZS 10,000,000 by the way of loan at 5 percent interest for a period of 5 years. Before admission the following adjustments are to be made;- 1. Goodwill to be credited to the old partners on the basic of their share of profits by raising goodwill account equal to twice the average of the profits of the three years which were TZS 10,200,000 TZS 12,300,0000 TZS 14,400,000…
- O O b. R12 250 Oc. R15 000 O d. R15 000 When calculating the weighted average number of shares outstanding, the number of shares are not time- weighted by the fraction of the reporting period they are (are not) outstanding for Select one: O a. common shares issued during the period as a stock dividend O b. common shares retired O c. new common shares sold during the period O d. shares obtainable in executive stock options granted in mid-year A corporation bar 12 000 ordinon mi mmm man må metiene to nurchaeo 1 500 ordinanechame at 010 nor chara her 13 chara 99+20 - Why did a joint stock company make this journal entry? …/…/201. Will borrow 780 Financial Expenses xxx 191 VAT to be deducted xxxx 100 Cash xxx A) NoneB) For VAT settlementC) To pay the expenses of the partnersD) to cover general administrative expensesE) To account for expenses in issuing bondsGodo
