Company P have the following shares issuedOrdinary shares$1,000,000 at 50 cents per sharePreference shares$200,000 at $2 per shareThe directors pay a 10 cent ordinary dividend and a 20 cent preference dividendHow much will this cost the business?O $900,000O $220,000£150,000O $500,000

Dividends are the part of profits which are distributed to the shareholders of the company. It will…

Answered: Company P have the following shares…

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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Suppose you own 5% of Coastal Corporation's 300,000 outstanding common shares. The stock was trading for $135 per share before Coastal executives announced a 3-for-2 stock split. After the split, you will own shares worth share. per O 15,000; $135 O22,500; $135 O 15,000 $90 O 30,000: $110 22,500; $90
29. The shareholders’ equity of Seven Corporation is presented below: 10% Preference Share, 2,000 shares outstanding P800,000 Ordinary Shares, 5,000 shares outstanding 700,000 Preference share premium 200,000 Ordinary share premium 50,000 Retained Earnings 250,000 What is the amount of Contributed Capital?
A company has 360,000 shares authorized, 120,000 shares issued, and 80,000 shares outstanding. It declares cash dividends of $1 per share. How much cash will the company pay for dividends? $80,000 $240,000 $120,000 $360,000 $40,000 Adjust Draw
6. GAMORA Corporation’s shareholders’ equity is composed of 10,000, ₱10 par ordinary shares, ₱40,000 share premium, and accumulated profits of ₱600,000. If a 40% bonus issue is declared when the shares are selling for ₱50 per share, what amount should be transferred from the accumulated profits account to the share premium account? * ₱ 40,000 ₱ 200,000 ₱ -0- ₱ 160,000
An IPO is offered at $9.50 per share for 7 million shares. The IPO underwriters had a spread of 7.25%. What price did the underwriters pay per share of the IPO firm? A. $8.81 B. $9.50 C. $8.86 D. $9.17 E. $10.19
11. Use the following information for the next two (2) questions: Over Company showed the following balances: Share capital authorized P100 par, 50,000 shares 5,000,000 Share capital unissued, 20,000 shares 2,000,000 Subscribed share capital, 10,000 shares 1,000,000 Treasury shares (5,000 at cost) 600,000 Share premium 500,000 Retained earnings 1,500,000 Market value of shares: On declaration 140 On issuance date 150 What amount is deducted/debited to retained earnings account assuming the Board of Directors declared a share dividend from unissued share capital of one share for each ten shares outstanding? Group of answer choices 350,000 525,000 560,000 490,000
Origitech Corp has declared a dividend of $10,000. This dividend is payable to all 100 shareholders who hold ten shares apiece. What is the dividend price per share? Not enough information $10 $1,000 $100

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Company P have the following shares issued Ordinary shares $1,000,000 at 50 cents per share Preference shares $200.000 at $2 per share The directors pay a 10 cent ordinary dividend and a 20 cent preference dividend How much will this cost the business? O 900,000 O $220,000 O £150,000 $500,000