CPA Company had these equity accounts: Preference share capital, P500 par, 2,200 shares Treasury preference share, at cost, 100 shares Ordinary share capital, no par (at issue price), 3,000 shares Accumulated profits P1,100,000 110,000 600,000 2,500,000 Due to the substantial amount of accumulated profits, the Board of Directors resolved to pay a 100% stock dividend on all outstanding shares, capitalizing amounts of accumulated profits equal to the par value of the preference shares and the issue price of the ordinary shares outstanding, and thereafter to pay a cash dividend of 10% on the preference shares and a cash dividend of P10 per ordinary share. What is the total shareholders' equity after effecting the dividend transactions?

CPA Company had these equity accounts: Preference share capital, P500 par, 2,200 shares Treasury preference share, at cost, 100 shares Ordinary share capital, no par (at issue price), 3,000 shares Accumulated profits P1,100,000 110,000 600,000 2,500,000 Due to the substantial amount of accumulated profits, the Board of Directors resolved to pay a 100% stock dividend on all outstanding shares, capitalizing amounts of accumulated profits equal to the par value of the preference shares and the issue price of the ordinary shares outstanding, and thereafter to pay a cash dividend of 10% on the preference shares and a cash dividend of P10 per ordinary share. What is the total shareholders' equity after effecting the dividend transactions?

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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The records of Alamo Corporation showed the following data Ordinary share capital, par P50 authorized 100,000 shares, issued 30,000 shares Compute the liability for dividends for each of the following independent case a The Board of Directors declared 15% cash dividend b The Board of Directors declared P5 cash dividend c The Board of Directors declared a merchandise dividends of P10 per share d The Board of Directors declared 25% stock dividends Stock are selling at P60 per share e The Board of Directors declared 10% stock dividends Stock are selling at P60 per share
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The J3 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary share capital, P20 par value, 20,000 shares outstanding Preference share capital, 5% P100 par value, non-cumulative and fully participating, 2,000 shares outstanding No dividends were paid on Preference shares for two years. On Dec 31, 2021 a total Cash dividend of P210,000 was declared. How much dividends will be received by the preference shares holders?
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The J3 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary share capital, P20 par value, 20,000 shares outstanding Preference share capital, 5% P100 par value, non-cumulative and fully participating, 2,000 shares outstanding No dividends were paid on Preference shares for two years. On Dec 31, 2021 a total Cash dividend of P210,000 was declared. How much dividends will be received by the preference shares holders? *
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