CPA Company had these equity accounts: Preference share capital, PS00 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, PS00 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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No. Advertising Expenditure (x) Membership Subscriptions (y) 1 51 62 2 58 68 3 62 66 4 65 66 5 68 67 6 76 72 7 77 73 8 78 72 9 78 78 10 84 73 11 85 76 Forecast 2024 membership using moving average method, clearly explaining the limitations of this method. (show all workings)
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Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals Credit $ 129,000 11,400 10,400 4,400 34,000 240,000 54,000 440,000 340,000 17,000 34,000 4,400 $923,200 $923,200 Debit $11,400 144,000 5,400 27,000 340,000
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why is it 800,000-740,000 and not 800,000-720,000
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