D. 6. Using the data below, How many shares of preference share capital wereissued during 2019? *The shareholders' equity of Bamboo Corporation at the end of 2019 and 2018 is as follows:Preference share capital, P 100 parOrdinary share capital, P 20 parPreference share premiumOrdinary share premiumRetained earnings2019P 1,000,0002,000,00016,0004,350,0002018P 600,0001,800,0003,750,00080,000180,000Your answer7. Using data in no. 6, at what average price was the preference share capitalissued during 2019? *Your answer8. Using data in no. 6, assuming no other transactions affected the RetainedEarnings except for the result of the corporation's operations, how much is the2019 profit (net loss)? *Your answer

Preference shares and common stock shares are two types of shares that is being issued by the…

D. 6. Using the data below, How many shares of preference share capital were issued during 2019? * The shareholders' equity of Bamboo Corporation at the end of 2019 and 2018 is as follows: Preference share capital, P 100 par Ordinary share capital, P 20 par Preference share premium 2019 P 1,000,000 2,000,000 2018 P 600,000 1,800,000 Ordinary share premium Retained earnings 16,000 4,350,000 80,000 3,750,000 180,000 Your answer 7. Using data in no. 6, at what average price was the preference share capital issued during 2019? * Your answer 8. Using data in no. 6, assuming no other transactions affected the Retained Earnings except for the result of the corporation's operations, how much is the 2019 profit (net loss)? * Your answer

D. 6. Using the data below, How many shares of preference share capital were issued during 2019? * The shareholders' equity of Bamboo Corporation at the end of 2019 and 2018 is as follows: Preference share capital, P 100 par Ordinary share capital, P 20 par Preference share premium 2019 P 1,000,000 2,000,000 2018 P 600,000 1,800,000 Ordinary share premium Retained earnings 16,000 4,350,000 80,000 3,750,000 180,000 Your answer 7. Using data in no. 6, at what average price was the preference share capital issued during 2019? * Your answer 8. Using data in no. 6, assuming no other transactions affected the Retained Earnings except for the result of the corporation's operations, how much is the 2019 profit (net loss)? * Your answer

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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From the following Balance Sheets of Dinesh Ltd. Particulars 2019 Rs. 2020 Rs. 2021 Rs. Equity & Liabilities Equity Share Capital 500 800 900 12% preference Share Capital 400 200 300 General Reserve 120 210 280 14% Debentures 100 250 150 Creditors 80 120 140 Bills Payable 100 80 60 Outstanding Expenses 20 30 10 1,320 1,690 1,840 Assets Fixed Assets 500 700 700 Investments 300 330 420 Stock 200 100 200 Debtors 150 200 250 Bills Receivable 90 270 200 Cash 50 70 60 Preliminary Expenses 30 20 10 Total 1,320 1,690 1,840 Prepare Trend analysis statement withcomments.?
Part of the Financial Position of Candy Inc. as of Dec. 31, 2019 shows the following: Accounts Payable Bonds payable Ordinary Share Capital par) 8% Preference Share Capital (P200 par) 10% Preference Share Capital(P200 par) Р 56,000 500,000 550,000 (P100 300,000 200,000 25,000 50,000 70,000 230,000 (21,000) P 1,960,000 Share Premium – ordinary Share Premium – Preference Appropriations reserve Accumulated Profits Treasury shares - ordinary (P105/sh) Total Equities Dividends are in arrears for two years. The 10% preference share capital is cumulative while the 8% preference share capital is participating up to 12%. If Candy Inc. is liquidated, how much would be received by Mr. Gwapo who holds 500 ordinary shares and 100 shares of 10% preference shares?
How much dividend was paid in year 2019? How much dividend was received by each share of stock in 2019? How many percent was the increase in total stockholders equity?
On 1 June 2021, Double Tree Bhd. Issues RM7 million 7% redeemable preference shares at RM1 each, redeemable at a premium of 10% on 31 May 2024. Dividend is payable on paid-up capital. The effective interest rate is 9.3 % and the interest is due on 31 May every year. Required: Show the extracts from the statements of profit or loss and the statements of financial position for the year 31 May 2021, where the redeemable preference share is measured at amortised cost
J2.
1.The acid test ratio in year 2021 is as follows: A. 1,72:1B. 2,61:1C. 1,94: 1D. 1,26:1E. 1.31:1
Pat Company reported the following information on December 31, 2020. Determine the legal capital: * P230 000 80 500 525.000 275,000 5.000 Preference Share, P100 par Share Premium - Preference Ordinary Share, P15 par Share Premium- Ordinary Subscribed Ordinary Share Retained Earnings Notes Payable Subscription receivable- Ordinary 190,000 400,000 40,000 Your answer This is a required question
How many are the ordinary shares outstanding after reflecting the foregoing transactions for the year 2019? To input answers, kindly follow the sample format below(no peso sign, with comma, no space): ex. 100,000
At 31 December 2019, B Plc had post-tax profits was $2,500,000 and had an issued share capital of $2,000,000 comprising 2,000,000 ordinary shares of 50p each and 1,000,000 $1 10% preference shares that are classified as equity. Assume that the post-tax profits for 2018 and 2019 were same at $ 2,500,000. The time-weighted number of shares was as follows: No. of Shares Shares (nominal value 50p) in issue at 01 January 2019 2,000,000 Shares issued for cash at market price on 30 September 2019 1,000,000 On 30 September 2019, B plc made a right issue of one share for every two shares (i.e one new share for every two shares held) at $3.25 per share. The following information is also given for B Plc as at 31 December 2019: Share option in existence 1,000,000 shares issuable in 2020 at $3.25 per share. An average market price per share of $4%; 1. Convertible 8% preference shares of $1 each totaling $2,000,000 convertible at one ordinary share for every five convertible preference shares. 2.…
1. see image for the question and statmentchoices: a. 176,000b. 263,000c. 204,000d. 321,000
6. How much will be in arrears at the end of 2018? ____________________ 7. How should the scrip dividend and related interest be recorded?
Part A The equity section of Island Ltd as at July 1, 2020 is as follows: Share capital 2,000,000 ordinary shares, issued at $2 fully paid 6% 20,000 preference shares, issued at $3, fully paid General reserve Revaluation surplus Retained earnings $4,000,000 60,000 50,000 8,000 590,000 During the year ended June 30, 2021, the following transactions occurred: (1) On July 1, 2020, Island Ltd issued 2,000 ordinary shares at $2 each by private placement. All new shares are entitled to interim and final dividends. (ii) Declared $0.06 per share of interim dividend to all ordinary shareholders on December 1, 2020. (i) Payment of interim dividend to ordinary shareholders was made on February 28, 2021. (iv) Declared and paid a dividend to preference shareholders on March 31, 2021. (v) Declared final dividend of 2 cents per share to all ordinary shareholders on June 30, 2021. Required: Prepare journal entries for the above transactions. Show all workings and narrations.