I want a explain how i can fill this table with details ask me In this questionMEMBERBeginning EquityPatronage duringlast five yearsShare of TotalCooperativepatronageAdjusted EquityRequirementEquityAdjustmenta1000180 b3000300 c3500120 7500600 The cooperative operates its plan according to a five-year base period. Suppose the board of directorshas determined that the cooperative must have an additional $300 of equity capital to meet its financialrequirements during the next year. The balance of each member's equity account is shown in column2 of the table. Patronage attributable to each member during the five-year base period is shown incolumn 3.MEMBER BeginningPatronage duringlast five yearsEquityA1000180В300030035001207500600Required : Calculate The adjustment to be made in each member's equity account!Equity adjustment calculationAdjustedEquityRequirementShare of TotalMEMBER BeginningEquityPatronage duringlast five yearsEquityAdjustmentCooperativepatronageA1000180B3000300C35001207500600

MEMBER SHARE OF TOTAL COOPERATIVE PATRONAGE A 180/600*100=30% B 300/600*100=50% C…

Answered: Cequired : Calculate The adjustment to…

Business

Accounting

Cequired : Calculate The adjustment to be made in each member's equity account !

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Three plans for financing a $28,500,000 corporation are under consideration by its organizers. Under…

A: Earnings per share refer to an amount earned by each shareholder as per the outstanding shares in…

Q: On November 1, 2022, Sheffield Inc. adopted a stock-option plan that granted options to key…

A: The purpose of accounting for a stock option plan is to record the compensation expense over the…

Q: On January 1, 2020, XYZ Corporation had 250,000 ordinary shares of P2 par value outstanding.

A: Solution: Option (c). 750,000 is the answer. Earnings per share = (Net income - preferred…

Q: If directors of a public company decided to issue 10 000 ordinary shares at R2.50, what journal…

A: Total share application money received = No. Of shareholders applied x application money per share =…

Q: )The shareholders equity secton of the statement of financial position of FGH company showi the…

A: Dividend is the share of profit declared and distributed by a company to its shareholders. When…

Q: On December 1, 2019, Ceniza corporation received a donation of 3,000 shares of its P50 par value…

A: The ordinary shares measn those shares whose holders are known as the real owners of the comapny.…

Q: want a seat on the board of directors of Zeph, Inc. The company has 310,000 shares of stock…

A: A common stock is a share of a company's ownership and gives the shareholder a dividend, which vary…

Q: On January 1,2011, Smart Inc. granted 200 share options each to 1,000 employees, conditional upon…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: 1 ABC Insurance Company has released a new whole life participating product. Sheng purchased this…

A: Dividends Profits earned by a company can be divided into dividends and retained earnings. The…

Q: NAME: SCORE: SECTION: PROFESSOR: Problem #10 Share Dividends and Share Splits On Jan. 1, 2019, the…

A: A 2-for-1 stock split gives you two shares in a company for everyone you own. If you own 1000 shares…

Q: Holden Company has a share appreciation rights plan for its key executives. This SAR plan gives each…

A: Journal Entry In Journal entry ,any transactions either economic or non-economic are recorded and…

Q: RATIO CORPORATION BALANCE SHEET December 31 ASSETS 2021 2020 Current Assets Cash $20,000 $18,000…

A: Quick assets at 12/31/2021 = Total current assets - Merchandise inventory = $80000 - 30000 = $50,000

Q: The exemption of Securities and Exchange Commission's Regulation D allows firms to issue an…

A: This commission provides rules to define investors and their rights, security markets, and…

Q: A company grants 100 Share appreciation rights (SAR), payable in cash, to an employee on 1/1/Y1. The…

A: Stock appreciation right (SAR) - Entitles an employee to receive stock/cash if the entity's stock…

Q: A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500…

A: Revenue is the total amount realized from selling the said number of shares. Shares are the…

Q: On November 1, 2022, Sunland Inc. adopted a stock-option plan that granted options to key executives…

A: Common stocks are securities that represent a company's ownership. Common shareholders wield…

Q: PROBLEM 1: The following events and transactions relate to the shareholder's equity accounts of the…

A: Providing hand writing solution..

Q: Kindly answer number 8 with solution

A: Ordinary shares and preference shares are two types of shares that are being issued by the company.…

Q: Stock awards: Nonvested balance, beginning of year Granted Vested Forfeited Nonvested balance, end…

A: Employee stock savings plan:Employee stock savings plan also known as employee stock purchase plan…

Q: nation of Montana, Inc. hability no effock profitability) The following accounts and related…

A: Shareholder's equity is the net worth of the shareholders that company is liable to pay off.

Q: Burlington Company granted 10 officers on May 1, 2020, the rights to buy 1,000 shares each of S2 par…

A: The journal entries are prepared by the company to record the financial transactions in the books of…

Q: MacroApps Corporation's disclosure notes for the year ending June 30, 2020, included the following…

A: The charges a business incurs to compensate its workers for their labor and services are called…

Q: On December 1, 2019, Bobcat Corporation received a donation of 2,000 shares with P 50 par value from…

A: Shareholder’s equity to decrease by = (market value per share - share issue price per share) x No.…

Q: Tl1e shareholders’ equity section of Gaines industries’s balance sheet appeared as follows at…

A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: aj.7

A: The objective of this question is to prepare the basic elimination entry using the equity method for…

Q: Which of the following is true about an equity offering under Regulation D? All…

A: Regulation D of security exchange commission is for helping the micro companies raise capital…

Q: Effect of Financing on Earnings Per Share Three different plans for financing an $7,100,000…

A: EPS stands for Earnings Per Share. It is a financial metric used to measure a company's…

Q: On January 1.2019 an investor bought 400 shares of Absaroka, inc for $4 per nhare On Jarry 3 2020 he…

A: The details are given regarding the number of share and dividends. Required 1. The amount (before…

Q: A corporation ssued NO shares of ns $5 par value common stock an payment of o $2.600 charge trom es…

A: Introduction:- Issue of shares 180 Par value per share $5 Total par value of shares = 180 x $5=$900…

Q: 14. A company grants 100 Share appreciation rights (SAR), payable in cash, to an employee on 1/1/Y1.…

A: Stock appreciation right (SAR) - Entitles an employee to receive stock/cash if the entity's stock…

Q: 1. Given the following information for Wilco Inc. (who is subject to a 25% tax rate), compute 2022…

A: ROA - Return on assets" (ROA) refers to a Profitability ratio that indicates how much profit a…

Q: ! Required information Problem 10-4A (Algo) Analyze the stockholders' equity section (LO10-7) [The…

A: Preferred Shares These are the types of shares where the shareholders receive the dividend at fixed…

Q: Medco Corporation can sell preferred stock for $84 w $5 per share in dividends. a. Compute the cost…

A: Cost of preferred stock =Dividend per share(Price per share - Flotation cost) First, we need to…

Q: O Share compensation plans: Share-Option Plan Delicious Beer Inc. grants on January 1, 2021, share…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: The Welcome Home Company has issued rights to its shareholders . The stock is currently selling for…

A: Value of 6 rights = current selling value of stock - Amount required to participate in offering

Q: The company capital structure consists of debt 150000 at 4.05%, preferred stock is 20% from debt…

A: The Weighted average cost of capital(WACC) refers to the method in which each category of capital is…

Q: Securities and Exchange Commissi ordinary share of P100 par value. shares were sold and issued at…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: JAMIA 1) A corporation's board of directors declares a 15:1 common share stock split. Currently,…

A: Stock split is the situation in which one share of the company is being split into multiple number…

Q: Detcrmine the basis of stock in the tands of the sharcholder in cach of the following instances.…

A: A brief understanding of the concept:- If a shareholder transfers property to a new or existing…

Question

I want a explain how i can fill this table with details ask me In this question

MEMBER	Beginning Equity	Patronage duringlast five years	Share of Total Cooperative patronage	Adjusted Equity Requirement	Equity Adjustment
a	1000	180
b	3000	300
c	3500	120
	7500	600

The cooperative operates its plan according to a five-year base period. Suppose the board of directors
has determined that the cooperative must have an additional $300 of equity capital to meet its financial
requirements during the next year. The balance of each member's equity account is shown in column
2 of the table. Patronage attributable to each member during the five-year base period is shown in
column 3.
MEMBER Beginning
Patronage during
last five years
Equity
A
1000
180
В
3000
300
3500
120
7500
600
Required : Calculate The adjustment to be made in each member's equity account!
Equity adjustment calculation
Adjusted
Equity
Requirement
Share of Total
MEMBER Beginning
Equity
Patronage during
last five years
Equity
Adjustment
Cooperative
patronage
A
1000
180
B
3000
300
C
3500
120
7500
600

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

0. Duing ih frst year of operationa. Victory, Inc. entered into the tollwing transactions retating to shareholders' equity, PIO por per share and 30.000 preference shares P50 par pet share, > March 14-Sold 50.000 crdinary shares for F100 per shore > Morch 15- Issued 20.000 orcinary shares ta lawyers in exchange tor legal services omiounting to P 300,000, > Morch 15- Sold 35.000 ot its ordinary shares ond 10,000 preference shares for P6.000,000. Fair value of the ordinary shore in PICO. November 20- hued 1.900 of ih ovdnary shares in exchange for equipmient for which the cauh price was known to be PI85.000. Baed on the preceding information, determine the totai shareholders' equity. , Victory's articles of incorporation authorized the issue of 240,000 ordinary shares.
Do required 1 and 2
a. P1,000,000 b. P1,175,000 c. P1,250,000 d. P1,700,000 e. answer not given
Share-based Compensation (Share Options) (PFRS 2)Problem 20. On January 1,2011, Smart Inc. granted 200 share options each to 1,000 employees,conditional upon the employee’s remaining in the entity’s employ during the vesting period. The shareoptions vests at the end of the three-year period. On grant date, each share option has a fair value ofP15. By December 31,2011, 200 employees have left and it is expected that on the basis of aweighted average probability, a further 100 employees will leave during the vesting period. ByDecember 31,2012, 150 employees have left and it is expected that a further 50 employees will leaveduring 2013. By December 31,2013, 100 employees have left. Ten share options are needed for thepurchase of one Ordinary Shares with par value of P10 at P12 per share. On January 1,2014, allshare options are exercised.Required: A. Prepare the adjusting entry on December 31,2011, 2012 and 2013.
Please present in good accounting solution. thank you
2. Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is $650,000. Earnings per share of common stock per share per share per share Plan 1 Plan 2 Plan 3 +A +A +A
PLEASE DO NOT GIVE SOLUTION IN NIMAGE FORMAT
Help me please and kindly provide complete solutions.
Hi, is it true that "shareholders capital (total common equity)" is consider as TOTAL EQUITY= RM7168905 based on the financial statement in the picture? Is it correct or am I wrong?
How much is the ending balance of the Accrued Salaries Payable that will show in the 2026 Statement of Financial Position? How much is the ending balance of the Share Options Outstanding that will show in the 2026 Statement of Financial Position?
Problem 24. On January 1, 2015, ID Inc. granted to an employee the right to choose either: a. 12,000 share (Share or Equity Alternative) (Share options) b. Cash payment equal to market value of 10,000 shares (Cash Alternative) (Share appreciation rights) The grant is conditional upon the completion of three years of service. If the employee chooses the share alternative, the shares must be held for three years after vesting date. The par value of the shares is P25 and at grant date on January 1, 2015, the share price is P51. The share prices for the three-year vesting period are P54 on December 31, 2015, P60 on December 31, 2016 and P65 on December 31, 2017. After taking into account the effects of post-vesting restrictions, the entity has estimated that the fair value of the share or equity alternatives is P48 per share. Required: Based on the result of your audit, determine the following: 1. Compensation expense for year 2015 2. Compensation expense for year 2016 3. Compensation…
Complete solution of required 2 please. And journal entries. Thanks.