Fire company has the following data at year end: · 10% noncumulative preference shares capital, P1,000 par, P1,400 liquidation value, 500 issued and outstanding shares · Ordinary share capital, P500 par, 5,000 issued and outstanding shares · Total shareholders’ equity of 3,600,000 No dividends in arrears. What is the book value per share – ordinary? a. P520.00 b. P580.00 c. P510.00 d. P818.00

Fire company has the following data at year end: · 10% noncumulative preference shares capital, P1,000 par, P1,400 liquidation value, 500 issued and outstanding shares · Ordinary share capital, P500 par, 5,000 issued and outstanding shares · Total shareholders’ equity of 3,600,000 No dividends in arrears. What is the book value per share – ordinary? a. P520.00 b. P580.00 c. P510.00 d. P818.00

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

Makati Corporation’s current balance sheet reports the followingshareholder’s equity balances: 5% cumulative preference share, P100 parvalue, 2,500 shares issued and outstanding P 250,000 Ordinary share, P3.50 par value, 100,000 shares issued and outstanding 350, 000Share Premium 125,000Retained Earnings 300,000 Dividends in arrears on the preference share amount to P25, 000. If Makati were to be liquidated,the preference shareholders would receive par value plus a premium of P50,000. The book value per share is a. P7.75 b. P7.50 c. P7.25d. P7.00
The owners’ equity accounts for Vase Corporation are shown here: Common stock (€3 par value) Capital surplusRetained earningsTotal owners’ equity €900,000 1,200,000 2,600,000 4,700,000 Instructions: 1. If the company’s stock currently sells for €58 per share and a 15 percent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change. 2. Assume that instead of a stock dividend, the company declares a three-for-one stock split. How the equity accounts will change? How many shares are outstanding now? What is the new par value per share?
The following share dividends were declared and distributed by Ivy Company: % of Ordinary Share Outstanding Market Value Par Value 10 315,000 210,000 25 840,000 630,000 How much should be debited to Retained Earnings at the time of declaration?
Calculate basic and diluted EPS for the shareholders of company X. Company X reported earnings were 55.000.000 EUR of which 5.000.000 was attributable to minority shareholders. At the beginning of the period the company had 20.000.000 common shares outstanding. At the beginning of the fourth quarter the company issued new shares and the number of common shares outstanding increased to 24.000.000 Total amount for preferred dividends accounted for 8.000.000 EUR. Preferred shares are convertible to 5.000.000 common shares.
An entity provided the following equity balances at year-end:10% preference share capital, 30,000 shares, par P100 3,000,000Ordinary share capital, 50,000 shares, par 100 5,000,000Share premium 1,000,000Retained earnings 2,000,000The preference shares have a call price of120, a liquidation price of 115 and dividends have not been paid for 3 years.What is the book value per preference share?
If a company had an issued ordinary share capital of £450,000, a share premium of £187,500, and a trading loss of £25,000, what would be the total of the shareholders' equity? A. £637,500 B. £600,000 C. £662,500 D. £612,500
Boe Corporation's stockholders' equity at December 31, 2008 was as follows: 6% noncumulative preference shares, P100 par (liquidation value P105 per share) 1,000,000 Ordinary shares, P100 par 3,000,000 Retained earnings 950,000 Preferred dividends have been paíd up to December 31, 2008. At December 31, 2008, Boe's book value per ordinary share wa5
Thunder Yard's total stockholders' Equity is P5,600.000, comprised of the following: • P1,000,000 in 8% cumulative preferred stock consisting of shares of P100 par value • P1,800,000 in Ordinary Shares of P5 par value per share issued at P8 • P1,600,000 in additional Paid in capital P1,200,000 in retained earnings There is a Dividend in Arrears for 2 years 1. Compute for Number of shares of Preferred Stock 2. Compute for Additional Paid In Capital: Preferred Stock 3. Book Value Per Share Ordinary Shares (Round-off Answer to two decimal places)
Silver Company provided the following information at 8-8 gido Problem 5-8 (IAA) year-end: Share premium Accounts payable Preference share capital, at par Ordinary share capital, at par Sales 1,000,000 1,100,000 2,000,000 3,000,000 10,000,000 7,800,000 500,000 700,000 1,000,000 Total expenses Treasury shares – ordinary Dividends Retained earnings - beginning What is the shareholders' equity at year-end? a. 8,000,000 b. 8,500,000 c. 5,800,000 d. 8,700,000 000000
How much will be the total shareholders' equity from the following: 6% Preference shares, P50 par, 10,000 shares authorized, 6,000 shares issued. Ordinary shares, P10 par, 80,000 shares authorized, 50,000 shares issued. Ordinary Share Premium - P120,000 Paid-in capital in excess of par, preference shares - P90,000 Retained earnings, Beg. Balance - P86,000 Net income for the year - P145,000 Cash dividend declared and paid -P70,000 Treasury Stock, 350 Ordinary shares, at Cost - P8,400
Assume a company provided the following information: Earnings per share $ 1.20 Number of common shares outstanding, beginning of the year 45,000 Number of common shares outstanding, end of the year 55,000 Price - earnings ratio 12.50 Dividend yield ratio 4% The dividend per share is closest to: Multiple Choice $1.10. $0.90. $1.20. $0.60.
Ute Company reported the following capital structure during the current year: 5% cumulative preference share capital, par value P100, 25,000 shares issued and outstanding Ordinary Share capital, par value P35, 100,000 shares issued and outstanding The entity reported net income of P5,000,000 for the current year. The entity paid P125,000 in preference dividends in the current year. 7. What amount should be reported as the basic earnings per share? a. 48.75 b. 50.00 c. 51.25 2,500,000 3,500,000