E16-19. Please show all workings clearly. E16.19 (LO4) (EPS: Simple Capital Structure) Huang Ltd. presented the followingdata (yen in thousands).Net income¥2,200,000Preference shares: 50,000 shares outstanding, ¥10o par, 8% cumulative, notconvertible5,000,000Ordinary shares: Shares outstanding 1/1600,000Issued for cash, 5/1300,000Acquired treasury shares for cash, 8/1ı150,0002-for-1 share split, 10/1InstructionsCompute earnings per share.

Earnings per share is the amount which is attributable to ordinary per share. It is the part of…

Answered: E16.19 data (yen in thousands). PS:…

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 company issued 2,500, P125 par ordinary shares for an outstanding bank loan ofP350,000. On this date, shares are quoted at P150 per share. Compute for the increase in share premium* a. ₱0 b. ₱25,000 c. ₱37,500 d. ₱62,500
Ss.227.
The company Flextseel provided the following information: Number of issued common shares 900,000 Net income $1,000,000 Number of authorized common shares 1,000,000 Weightrd average number of outstanding common shares, 800,000 Number of treasury shares, 100,000 How much is earnings per share (EPS)? $1.25 $1.43 $1.00 $1.11
J2.
P11-11 (Algo) Recording and Comparing Cash Dividends, Stock Dividends, and Stock Splits LO11-4, 11-6 11-9 On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.50 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities 77,000 2,070,000 970,000 27,500 Required: Complete the table below for each of the three following independent cases (Round "Par per share" answers to 2 decimal places.): Case 1: The board of directors declared a cash dividend of $0.01 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $15 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $27 per share.
PROVIDE COMPUTATION
The following information has been extracted from the published accounts of Pesa Corporation Limited, a company quoted on the Nairobi Stock Exchange. Shs. Net profit after tax and interest 990,000 Less: dividends for the period 740,000 Transfer to reserves 250,000 Accumulated reserves brought forward 810,000 Reserves carried forward 1,060,000 Share capital (Sh.10 par valu Sh.8,000,000 Market price per share now 12% RequiredCalculate…
BFAR Corporation has the following information in order: Authorized Ordinary share capital of 500,000 shares at P4 par value. Issued 300,000 ordinary shares at P6.00 per share. Issued 50,000 in exchange of printing equipment at P100,000. Reacquired 24,000 shares at P5. . Declared share dividend of 10%. Compute the total ordinary shares outstanding. ● ● 358,600 O 411,400 O361,000 374,000
INDIGO Corporation provided the following shareholders' equity accounts. What is the amount of legal capital? * PLEASE SHOW HOW TO GET THIS ANSWER ₱ 8,981,000
7) A ltd was registered with an authorized capital of Rs.6,00,000 in equity shares of Rs.10 each. The following is its Trail Balance on 31 March 2008. Particulars Debit Balance Rs. Credit Balance Rs.Goowill 25000 Cash 750 Bank 39900 Purchases 185000 Prelimiary Expenses 5000 Share capital 40000012% Debentures 300000P&L A/C (Cr.) 26250Calls-in-arrears 7500 Premises 300000 Plant & Machinery 330000 Interim Dividend 39250 Sales 415000Stock (1-4-2007) 75000 Furniture & Fixtures 7200 Sundry Debtors 87000 Wages 84865 General Expenses 6835 Freight and Carriage 13115 Salaries 14500 Directors Fees 5725 Bad debts 2110 Debenture Interest paid 18000 Bills Payable 37000Sundry Creditors 40000General Reserve 25000Provision for bad debts 3500Total 12,46,750 1246750 Prepare Profit & Loss Account, Profit…
Book value and market value 24. (LO2-2 & 2-3) The Holtzman Corporation has assets of $400,000, current liabilities of $50,000, and long-term liabilities of $100,000. There is $40,000 in preferred stock outstanding; 20,000 shares of common stock have been issued. a. Compute book value (net worth) per share. b. If there is $22,000 in earnings available to common stockholders and Holtzman's stock has a P/E of 18 times earnings per share, what is the current price of the stock? c. What is the ratio of market value per share to book value per share?
12. All the 200 treasury shares were sold for P 22,000. How would the resale of the treasury shares be recorded?13. As a result, the effect on the total Additional Paid In Capital would be ____________________ (indicate increase or decrease)

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