Entity A had 200,000 ordinary shares outstanding all throughout 20x1. In 20x2, share issuances occurred: On April 1, 20,000 shares were issued for cash. On September 30, a 10% bonus issue (share dividend) was declared. On November 1, a 2-for-1 share split was issued. Entity A had the following profits: P1,200,000 in 20x2 and P900,000 in 20x1. What are the earnings per share to be disclosed in Entity A's 20x1 comparative financial statements? O 2.02 2.05 O 2.09 O 2.12

Entity A had 200,000 ordinary shares outstanding all throughout 20x1. In 20x2, share issuances occurred: On April 1, 20,000 shares were issued for cash. On September 30, a 10% bonus issue (share dividend) was declared. On November 1, a 2-for-1 share split was issued. Entity A had the following profits: P1,200,000 in 20x2 and P900,000 in 20x1. What are the earnings per share to be disclosed in Entity A's 20x1 comparative financial statements? O 2.02 2.05 O 2.09 O 2.12

Name: Entity A had 200,000 ordinary sharesoutstanding all throughout 20x1.
Uploaded: 2022-11-04T13:36:16.000Z
Channel: Bartleby
Description: Entity A had 200,000 ordinary sharesoutstanding all throughout 20x1. In 20x2,share issuances occurred: On April 1,20,000 shares were issued for cash. OnSeptember 30, a 10% bonus issue (sharedividend) was declared. On November 1, a2-for-1 share split

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

3- On 1/1: 500,000 shares of C/S are outstanding. 1/4, 100,000 shares are issued. 1/7, a 10% stock dividend is issued. On 1/9, 18,000 shares of Treasury Stock are repurchased. Calculate the weighted average number of shares of C/S outstanding at 12/31. 4- Assume that a company reporting $1,000 net income for the year has the following capital structure, which did not change during the year: Preferred stock, $100 par, 10% cumulative, 4 shares, each convertible into 10 shares of common stock Common stock, $1 par, 100 shares Calculate BEPS and DEPS? Is the Income Dilutive or Antidilutive?
Consider the following events: • 25,000 shares of preferred stock, cumulative, 5%, $40 par was issued for $60/share. • The annual cash dividend was declared and paid to the above preferred stock. • The company purchased 12,000 shares of common stock at $68 per share to be held as Treasury stock. • Interest of $32,000 was paid to bondholders. • Bonds Payable with a par value of $400,000 were retired at $432,000. Compute the net cash flow from financing activities (parentheses indicate an outflow).
Grayson Corporation has 500,000 shares authorized, 428,000 shares issued, and 28,000 shares of treasury stock. At this point, Grayson Corporation has $880,000 of assets, $216,000 of liabilities, $432,000 of common stock, and $232,000 of retained earnings. Further, assume that the market value of the company's common stock is $10 per share. Required: a. Determine the number of shares of stock that is outstanding. b. Determine the book value per share.
Enscoe Enterprises, Incorporated (EEI) has 220,000 shares authorized, 160,000 shares issued, and 40,000 shares of treasury stock. At this point, EEI has $1,100,000 of assets, $260,000 liabilities, $400,000 of common stock, and $440,000 of retained earnings. Further, assume that the market value of EEI's common stock is $9 per share. a. Determine the number of shares of stock that is outstanding b. Determine the book value per share
BFAR Corp. was formed on June 1 with 100,000 authorized shares having a par value of P20. The following transactions occurred: • June 15: Issued 827 shares at P22 per share June 20: Received subscriptions for 1,162 shares at P23 per share with 25% down payment • June 25: Received subscriptions for 410 shares at P26 per share with 30% down payment June 30: Collected the June 20 subscription in full How much is the balance of the Share Capital account as of June 30? ● .
Please help me
Vai
Please give me the journal entries of the following: Received payments in full for half of the share subscriptions and payments on account on the rest of the subscriptions. Total cash received was P8,400,000. Share certificates were issued for the subscriptions paid in full. Net income for the first year of operations was P3,600,000. Declared a cash dividend of P10 per share on preference shares and P20 per share on ordinary shares, payable on February 10 to shareholders of record on January 15.
The board of durectors declared a $2 per share cash dividend on common stock and the corporation had 5,000 shares authorized and 4,000 shares outstanding. The journal entry for the dividend declaration would be:
Brewer, Inc. had the following data related to its common shares: Shares outstanding at 1/130,000 2 for 1 stock split at 3/31 Stock issuance at 6/30 1,000 What is the weighted average number of shares Brewer, Inc. should use to calculate its basic earnings per share for the year? 62,000 shares 61,000 shares 60,500 shares 31,000 shares