Assume the following information for Jewong Co. at December 31, 2020. 12% Cumulative and Non-participating Preference Share, P10 par, 15,000 shares issued and outstanding Ordinary Share, P5 par, 60,000 shares issued and outstanding. The company declared and paid cash dividends amounting to P30,000 for the year. At the beginning of the year, undeclared dividends amounted to P13,500. What is the amount of dividends paid to the company’s ordinary shareholders?   A. 6,000 B. 0 C. 13,500 D. 30,000

Q: Hardaway Fixtures' balance sheet at December 31, 2023, included the following: Shares issued and…

A: Earning per share (EPS) will be calculated by dividing the earnings available for common…

Q: Crane Company had 603000 shares of common stock outstanding on January 1, issued 904000 shares on…

A: Earnings per share :— It is calculated by dividing earnings available to common stockholders' by the…

Q: On October 31, 2020, ABC Company declared a dividend of $ 2.00 per share to be paid on November 15,…

A: Liquidating dividend is the dividend which is paid in excess of the company's accumulated…

Q: At December 31,2018 and 2019, TJH Company had outstanding 4,000 shares of P 100 par value, 12%…

A: Preference shares are the investment securities which get fixed return in the form of dividends and…

Q: After Corporation had net income for 2025 of $60,000. After Corporation had 19,000 shares of common…

A: Step 1: given that, Net income = $60,000 Preferred dividends (dividend payments)= $6,000 Weighted…

Q: Stan statement of financial position shows total shareholders' equity of P3,150,000 as of December…

A: Solution: Outstanding shares = Issued shares - shares in treasury = 52000 - 2000 = 50000 shares

Q: The NiceWay Corporation's statement of financial position shows the total stockholders' equity of…

A: The book value per share is calculated as total shareholders equity divided by number of shares…

Q: Mack Company reported the following outstanding share capital on December 31, 2020:       - 30,000…

A: A dividend means the amount given to the shareholder of the company as profit distribution by the…

Q: As of Dec. 31, 2020, DM Corporation has 10% Preference shares (cumulative and participating) with…

A: Dividend means the amount given to shareholder of the company as profit distribution by company.…

Q: Kiwi Charter Corp. reported $2,952,010 of profit for 2023. On November 2, 2023, it declared and paid…

A: Earnings per share (EPS) is a financial ratio used to evaluate the profitability of a company on a…

Q: The ABC's statement of financial position shows total shareholders' equity of P3.150.000 as of…

A: Formula used: Book value per share = Total Shareholders equity / Outstanding shares Division of…

Q: The VWX's statement of financial position shows total shareholders’ equity of P3,150,000 as of…

A: Book value per share = Total shareholders equity/Number of common equity share outstanding  Total…

Q: The capital structure of THOR Company on December 31, 2020, is as follows: 12% Preference shares,…

A: Formula: Total dividends = Preferred dividends + Ordinary dividends

Q: On January 1, 2018, Manama Company has 8% 80,000 shares of $10 par value, Cumulative preferred stock…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: 1. Determine the amount of the ordinary share capital at the end of 2021. 2. Total share premium…

A: Treasury shares are own shares that are purchased for the purpose of re-issuing them at a higher…

Q: 1.  Determine the year end balance of the Treasury Shares. 2.  Determine the year end balance of the…

A: Buy-back of shares means the re-acquisition of the share capital of own company from the capital…

Q: On December 31, 2021, XYZ Corporation had 200,000 Ordinary shares and 20,000 cumulative 5%…

A: Cumulative preference share dividend is deducted on accrual basis from net income for the current…

Q: for comparative financial statements at the end of 2022? 2. What is the weighted.average number of…

A: The shares outstanding do not include the treasury stock shares.

Q: Ivanhoe Limited had 41,400 common shares outstanding on January 1, 2020. On March 1, 2020, Ivanhoe…

A: The company issues common shares to issue shares to investors and business owners. The number of…

Q: Marlene Co. had 300 million shares of $1 par common stock outstanding at January 1, 2021. In October…

A: Note: When stock dividend is issued then retained earnings is decreased by the market value of the…

Q: 4. ABC Company had the following classes of shares outstanding as of December 31, 2020: Ordinary…

A: Cumulative preference share holders are are those shareholders having right of of previous dividend…

Q: On December 31, 2021, EOS Co's shareholders' equity consisted of the following: 8%, cumulative…

A: Book Value Per Share (BVPS) refers to the per-share value of equity on an accrual accounting basis…

Q: 1. The shareholders equity of Saffron Co. showed the following data on December 31, 2021: 12% Share…

A:

Q: Riley Company paid cash dividends of P840,000 and reported net income of P2,170,000. The ordinary…

A: Book value of ordinary share is the the total ordinary shareholders equity plus net income less cash…

Q: At December 31, 2021 and 2020, P Co. had 50,000 shares of common stock and 5,000 shares of 5%, $100…

A: Basic EPS = Net income (-) preferred dividend / common shares Preferred dividend = 5000 shares *…

Q: Blue Spruce Limited reported profit of $472,686 for its November 30, 2024, year end. Cash dividends…

A: The objective of the question is to calculate the weighted average number of common shares for the…

Q: The equity section of Whispering Inc. at January 1, 2022, was as follows. Share capital-ordinary…

A: The equity is equal to assets minus liabilities. Equity is also known as stockholder's equity or…

Q: Hardaway Fixtures' balance sheet at December 31, 2023, included the following: Shares issued and…

A: Answer:- The income attributable to each outstanding common share during the period is known as…

Q: Kelbrook limited provided the following information. 1.The issue share capital consists of 180000…

A: The statement in changes in stockholder's equity includes the common stock and retained earnings.

Q: On January 1, 2023, Sunland Ltd. had 498,000 common shares outstanding. During 2023, it had the…

A: "Since you have asked a question with sub-parts more than three, as per guidelines, the first three…

Q: Hardaway Fixtures' balance sheet at December 31, 2023, included the following: Shares issued and…

A: Earnings per share is the per-share amount earned by each common shareholder of the entity. It is…

Q: Grouper Ltd. has the following equity accounts at January 1, 2023. Preferred shares outstanding:…

A: Average cost is the weighted average cost of a company offering a particular class of stock, such as…

Q: For the year 2021, Aquamarine Corporation has earned a net income of P400,000. Compute for the basic…

A: Earning per share refers to earning per share attributable to the ordinary shareholders. It is a net…

Q: As of Dec. 31, 2020, DM Corporation has 10% Preference shares (cumulative and participating) with…

A: Fully Participating Prefered Stock : They share dividend declared with common stock on pro rata…

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.