ayan Inc. has been authorized to issue 125,000 shares of P10 par ordinary shares. The following 2019 transactions relate to the initial issuance of Gabayan share : Feb. 1  Gabayan sold subscriptions for 25,000 shares of stock. The shares have a subscription price of P15 per share. One-third of the subscription price was received as down payment        15  Gabayan sold 10,000 shares for P180,000 Mar. 1 An installment amounting to one-third of the subscription price was received .        19   Gabayan exchanged 200 shares of stock for a new two-way radio system having a fair market value of P3,800 Apr. 1   The final one-third of t

Q: If income tax rate is 30%, how much is the diluted EPS for the year ended December 31 , 2020

A: Formula: Diluted EPS=Net Income-Preferred Dividend PaidWeighted Avarage No of common shares+…

Q: On December 18, 2020, UNO Corporation issued 5,250 ordinary shares, par P30 for P58 per share. At…

A: Paid in capital in excess of par = Issue price per share - Par value per share = P58 per share - P30…

Q: On January 1, 2019, Berlin Corporation issued $500,000 of 11.5% bonds due December 31, 2025, at 102.…

A: Bonds:  Bonds are long-term promissory notes that are issued by a company while borrowing money from…

Q: retained earnings?

A: Definition: Retained Earnings: It is the amount that is obtained after distribution of dividend to…

Q: Oregon Inc. makes an initial investment of $100,000 for 8,000 shares of the voting stock of Bear…

A: % of ownership = 8000 / 20000 = 40% Oregon Inc. has significant influence over Bear Claw Corp.…

Q: Aqua Ltd issues a prospectus inviting the public to subscribe for 30 million ordinary shares of…

A: When a public company is incorporated, it takes necessary measures to obtain the required capital.…

Q: ABC Co. was organized on January 1, 2019, with an authorization of 1.200.000 ordinary shares with a…

A: Share premium on ordinary shares issued = No. of shares issued x (Issue price per share - par value…

Q: The Murphy Corporation is authorized to issue 500,000 shares of $1 par value common stock. During…

A: >Treasury Stock is the shares that have been re-purchased by the company from its shareholders…

Q: Pluto Company began operations on January 1, of 500,000 preference shares of P5 par value of which…

A: Contributed Capital is the amount a company receives on the account of issue of common and preferred…

Q: On July 1, 2019, an interest payment date, 60, 000 of Parks Co, bonds were converted into 1,200…

A: Share premium -The extra money investors pay for shares over and above their face value is referred…

Q: The Corazon Corporation is authorized to issue 100,000 shares at P20 par ordinary shares. At the…

A: answer with calculations re as follows.

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.