Below is the shareholders" equity section of Nelson Company on December 31, 2014: Preference share, 7%, P100 par value, 30,000 shares issued; total liquidation value, P3.2 M P3,000,000 Ordinary share, no par, 50,000 shares issued Donated capital Accumulated profits All preference dividends have been fully paid. 1,500,000 500,000 4,500,000 How much is the book value per share of ordinary share?

Below is the shareholders" equity section of Nelson Company on December 31, 2014: Preference share, 7%, P100 par value, 30,000 shares issued; total liquidation value, P3.2 M P3,000,000 Ordinary share, no par, 50,000 shares issued Donated capital Accumulated profits All preference dividends have been fully paid. 1,500,000 500,000 4,500,000 How much is the book value per share of ordinary share?

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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32. A company reported the following information on December 31, 2021: Preference share, P100 par P230,000 Share premium – Preference 80,000 Ordinary share, P15 par 525,000 Share premium – Ordinary 275,000 Subscribed ordinary share 5,000 Retained earnings 190,000 Share dividends distributable 40,000 Subscription receivable - Ordinary 40,000 Determine the total shareholders’ equity.
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
How much is the dividends available to ordinary shareholders?
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
ILLUSTRATION 9:-Following are the figures extracted from the books of Midways Ltd. As on 30th June, 2015 : 5,000, 11% Preference shares of $ 100 each, 70 paid-up $ 3,50,000; 1,00,000 Equity shares of $ 10 each fully paid-up $ 10,00,000; Securities premium reserve $ 50,000 ; Capital redemption reserve $ 2,00,000 ; General reserve $ 3,00,000; Investments in government securities (market value $ 2,25,000) $2,50,000. Under the terms of the issue, the preference shares are redeemable on 30th September, 2015 on the following conditions: To sell the investments @ 90% of their market value. To create a statutory reserve by way of capitalisation as per the provisions of the Companies Act, 2013 leaving a balance of $ 25,000 in general reserve and $ 25,000 in securities premium reserve. To issue further equity shares, to back up the redemption at $ 11 per share payable as follows: $ 2 on application; $ 3.50 (including premium) on allotment and the balance as call money on 1** January, (i) (ii)…
Answer no. 4 to 6
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The Corporation shareholders' equity section of the Statement of Financial Position includes the following accounts and balances: 12% Preference Share Capital, P100 par, 5,000 shares issued P500,000 Preference Share Premium 50,000 Retained earnings 750,000 The corporation decided to retire 2,000 of the Preference Shares at P115 per share. How much is the indicated gain or loss on retirement of the Preference Shares? Put a parenthesis if it is an indicated loss.
How much will be the total shareholders' equity from the following: 6% Preference shares, P50 par, 10,000 shares authorized, 6,000 shares issued. Ordinary shares, P10 par, 80,000 shares authorized, 50,000 shares issued. Ordinary Share Premium - P120,000 Paid-in capital in excess of par, preference shares - P90,000 Retained earnings, Beg. Balance - P86,000 Net income for the year - P145,000 Cash dividend declared and paid -P70,000 Treasury Stock, 350 Ordinary shares, at Cost - P8,400
The following balances were obtained from the books of Tim Curry plc as at December 31, 2020. DR CR Cost of Sales 758,500 Closing Stock 210,000 10 % Debenture 350,000 Debenture Interest 20,000 General Reserves 40,000 5% Loan 200,000 Loan Interest 6,000 Retained Earnings 20,000 Goodwill 200,000 Ordinary Share Capital @ $2 400,000 10 % Preference Share Capital @ $1 400,000 Share Premium 30,000 Sales Turnover 1,300,000 Debtors 60,000 Bank 8,000 Provision for Bad Debts 5,000 Wages and Salaries 122,000 Insurance 47,000 Management Fees 60,000 Directors Fees 40,000 Motor Vehicle 500,000 Provision for Depn on Motor Vehicle 40,000 Premises 550,000 Machinery and Equipment 220,000 Creditors 33,000…
Compute for the following with solution: 1. Number of presefrence share subscribed 2. Number of Ordinary share subscribed
The shareholders' equity of Ningning Company shows the following balances on 31 December 2014: Ordinary share, P100 par - P3,000,000 Treasury share, 5,000 ordinary shares at cost - P400,000 Share Premium - P660,000 Retained Earnings - P1,580,000 What is the book value per share of ordinary shares? (Round answer to the nearest two decimal places)