Homework Help is Here – Start Your Trial Now!
Business
Accounting
Dividend Per Share

Dividend Per Share

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

(Profitability Ratio)
What is the Dividend Per Share in 2020? 

SUPPLEMENTARY SCHEDULE OF RECONCILIATION OF RETAINED EARNINGS AVAILABLE FOR DIVIDEND DECLARATION DECEMBER 31, 2020 Parent Company's unappropriated retained earnings, as adjusted to available for dividend declaration, at beginning of year P167,143,586 Add net income actually earned/realized during the year: Net loss during the year closed to retained earnings Provision for income tax - deferred 38,940,137 2,192,280 41,132,417 Total unappropriated retained earnings 208,276,003 Less dividends declared during the year (21,336,800) Parent Company's unappropriated retained earnings at end of year available for dividend declaration P186,939,203
Transcribed Image Text:SUPPLEMENTARY SCHEDULE OF RECONCILIATION OF RETAINED EARNINGS AVAILABLE FOR DIVIDEND DECLARATION DECEMBER 31, 2020 Parent Company's unappropriated retained earnings, as adjusted to available for dividend declaration, at beginning of year P167,143,586 Add net income actually earned/realized during the year: Net loss during the year closed to retained earnings Provision for income tax - deferred 38,940,137 2,192,280 41,132,417 Total unappropriated retained earnings 208,276,003 Less dividends declared during the year (21,336,800) Parent Company's unappropriated retained earnings at end of year available for dividend declaration P186,939,203
FRUITAS HOLDINGS, INC. (A Subsidiary of LUSH PROPERTIES, INC.) AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY Years Ended December 31 Number of Shares Amount Note 2020 2019 2018 2020 2019 2018 Capital Stock Balance at beginning of year 17 1,600,000,000 533,680,000 P160,000,000 53,368,000 2,133,680,000 1,600,000,000 P213,368,000 P160,000,000 Issuances Balance at end of year 2,133,680,000 2,133,680.000 1.600.000.000 213,368,000 213,368,000 160,000,000 Additional Paid-in Capital Balance at beginning of year 17 7,044 83,ררר Issuances 777,837,044 Balance at end of year 7,044ו,777 777,837,044 Retained Earnings Balance at beginning of year Net income (loss) 266,111,391 (48,068,054) (21,336,800) 196,706,537 158,584,199 103,781,012 121,527,192 100,303,507 Cash dividends 17 (14,000,00 (45,500,320) Balance at end of year 266,111,391 158,584,199 Years Ended December 31 Amount Note 2020 2019 2018 Other Equity Reserves Balance at beginning of year Acquisition of a subsidiary Balance at end of year 4. 55,192,582 (3,939,803) 55,192,582 55,192,582 51,252,779 55,192,582 55,192,582 Other Comprehensive Loss Balance at beginning of year 16 (914,455) (46,288) (46,288) Remeasurement loss on net retirement benefits liability, net of deferred tax Balance at end of year (868,167) (914,455) (914,455) (46,288) P1,238,249,905 P1,311,594,562 P373,730,493 See accompanying Notes to Consolidated Financial Statements. Capital Stock This account consists of: Number of Shares Amount 2020 2019 2018 2020 2019 2018 Authorized Capital Stock Common - P0.10 par value Balance at beginning of year 5,000,000,000 (300,000,000) 4,700,000,000 4,700,000,000 4,700,000,000 P470,000,000 P470,000,000 P500,000,000 (30,000,000) Reclassification to preferred stock Balance at end of year 4,700,000,000 4,700,000,000 470,000,000 470,000,000 470,000,000 Preferred - PO.01 par value Balance at beginning of year 3,000,000,000 3,000,000,000 30,000,000 30,000,000 3,000,000,000 3,000,000,000 7,700,000,000 Reclassification from common stock 30,000,000 3,000,000,000 7,700,000,000 30,000,000 P500,000,000 Balance at end of year 30,000,000 P500,000,000 3,000,000,000 30,000,000 7,700,000,000 P500,000,000 Issued and Outstanding- Common Balance at beginning of year P160,000,000 1,600,000,000 533,680,000 2,133,680,000 1,600,000,000 P213,368,000 P160,000,000 Issuances 53,368,000 160,000,000 P160,000,000 Balance at end of year 2,133,680,000 2,133,680,000 1,600,000,000 213,368,000 213,368,000 P213,368,000 P213,368,000
Transcribed Image Text:FRUITAS HOLDINGS, INC. (A Subsidiary of LUSH PROPERTIES, INC.) AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY Years Ended December 31 Number of Shares Amount Note 2020 2019 2018 2020 2019 2018 Capital Stock Balance at beginning of year 17 1,600,000,000 533,680,000 P160,000,000 53,368,000 2,133,680,000 1,600,000,000 P213,368,000 P160,000,000 Issuances Balance at end of year 2,133,680,000 2,133,680.000 1.600.000.000 213,368,000 213,368,000 160,000,000 Additional Paid-in Capital Balance at beginning of year 17 7,044 83,ררר Issuances 777,837,044 Balance at end of year 7,044ו,777 777,837,044 Retained Earnings Balance at beginning of year Net income (loss) 266,111,391 (48,068,054) (21,336,800) 196,706,537 158,584,199 103,781,012 121,527,192 100,303,507 Cash dividends 17 (14,000,00 (45,500,320) Balance at end of year 266,111,391 158,584,199 Years Ended December 31 Amount Note 2020 2019 2018 Other Equity Reserves Balance at beginning of year Acquisition of a subsidiary Balance at end of year 4. 55,192,582 (3,939,803) 55,192,582 55,192,582 51,252,779 55,192,582 55,192,582 Other Comprehensive Loss Balance at beginning of year 16 (914,455) (46,288) (46,288) Remeasurement loss on net retirement benefits liability, net of deferred tax Balance at end of year (868,167) (914,455) (914,455) (46,288) P1,238,249,905 P1,311,594,562 P373,730,493 See accompanying Notes to Consolidated Financial Statements. Capital Stock This account consists of: Number of Shares Amount 2020 2019 2018 2020 2019 2018 Authorized Capital Stock Common - P0.10 par value Balance at beginning of year 5,000,000,000 (300,000,000) 4,700,000,000 4,700,000,000 4,700,000,000 P470,000,000 P470,000,000 P500,000,000 (30,000,000) Reclassification to preferred stock Balance at end of year 4,700,000,000 4,700,000,000 470,000,000 470,000,000 470,000,000 Preferred - PO.01 par value Balance at beginning of year 3,000,000,000 3,000,000,000 30,000,000 30,000,000 3,000,000,000 3,000,000,000 7,700,000,000 Reclassification from common stock 30,000,000 3,000,000,000 7,700,000,000 30,000,000 P500,000,000 Balance at end of year 30,000,000 P500,000,000 3,000,000,000 30,000,000 7,700,000,000 P500,000,000 Issued and Outstanding- Common Balance at beginning of year P160,000,000 1,600,000,000 533,680,000 2,133,680,000 1,600,000,000 P213,368,000 P160,000,000 Issuances 53,368,000 160,000,000 P160,000,000 Balance at end of year 2,133,680,000 2,133,680,000 1,600,000,000 213,368,000 213,368,000 P213,368,000 P213,368,000
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS