Francis Company's selected accounts balances on December 31, 2015 are as follows:Cash60,000400,000Trading investments, including P300,000 of Francis Company's sharesTrade accounts receivables340,000Inventories148,000Share capital2,224,000Retained earnings(224,000)What is the total amount of equity on December 31, 2015?O A. 2,224,000O B. 2,000,000O C. 1,924,000O D. 1,700,000

The total amount of equity can be calculated by two methods. first is by deducting total liabilities…

Francis Company's selected accounts balances on December 31, 2015 are as follows: Cash 60,000 400,000 Trading Investments, including P300,000 of Francis Company's shares Trade accounts receivables 340,000 148,000 Inventories Share capital 2,224,000 Retained earnings (224,000) What is the total amount of equity on December 31, 2015? O A. 2,224,000 O B. 2,000,000 O C. 1,924,000 O D. 1,700,000

Francis Company's selected accounts balances on December 31, 2015 are as follows: Cash 60,000 400,000 Trading Investments, including P300,000 of Francis Company's shares Trade accounts receivables 340,000 148,000 Inventories Share capital 2,224,000 Retained earnings (224,000) What is the total amount of equity on December 31, 2015? O A. 2,224,000 O B. 2,000,000 O C. 1,924,000 O D. 1,700,000

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

H6. Earnings Per Share Financial statement data for years ending December 31 for Jardine Company are shown below. 2016 2015 Net income $415,500 $331,000 Preferred dividends $63,000 $63,000 Average number of common shares outstanding 50,000 shares 40,000 shares a. Determine the earnings per share for 2016 and 2015. Round your answers to two decimal places. 2016 $fill in the blank 1 per share 2015 $fill in the blank 2 per share b. Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend? Show proper calculation
On its Form 10-K for the year ended December 31, 2016, Ameri Bank Corp. reported information related to basic earnings per share.Fill in the missing information. Rounding instruction: Round answer a. to two decimal places.Round answer b., c., & d. to the nearest million.Round answer e. to three decimal places. $ millions, except per share amounts 2015 2014 2013 Net income $17,287 $4,833 d. Answer Preferred stock dividends $1,483 b. Answer $1,349 Net income applicable to common shareholders $15,804 c. Answer $9,993 Average common shares outstanding 10,462.282 10,527.818 e. Answer Basic earnings per share a. Answer $0.34 $0.94
On December 31. Sulfur Corporation has the following data available: Net Income $140,000 Interest expense 20,000 Total assets at the beginning of the year 720,000 Toital assets at the end of the year 810,000 Total common stockholders' equity at the beginning of the year 440,000 Total common stockholders' equity at the end of the year 300,000 What is return on equity? A. 32.43% B. 27.03% C. 37.84% D. 15.69%
Suppose the following information is available for Callaway Golf Company for the years 2017 and 2016. (Dollars are in thousands, except share information.) 2017 2016 Net sales $1,126,000 $1,133,200 Net income (loss) 66,700 54,800 Total assets 855,338 838,078 Share information Shares outstanding at year-end 64,507,000 66,282,000 Preferred dividends There were 73,139,000 shares outstanding at the end of 2015. 9:17 PM
A1 Pet Supply Company issued 20,000 shares of $1 par common stock for $40 per share during 2025. The company paid dividends of $48,000 and issued a long-term note payable for $440,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows? OA) $12,000 net cash inflow O B) $705,000 net cash outflow OC) $1,192,000 net cash inflow D) $352,000 net cash inflow
What is the total EPS for 2017? (2 decimal places)
The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 20Y7 20Y6 20Y5 Total assets $174,000 $157,000 $140,000 Notes payable (8% interest) 60,000 60,000 60,000 Common stock 24,000 24,000 24,000 Preferred 6% stock, $100 par 12,000 12,000 12,000 (no change during year) Retained earnings 63,550 47,100 36,000 The 20Y7 net income was $17,170, and the 20Y6 net income was $11,820. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders’ equity for the years 20Y6 and 20Y7. When required, round to one decimal place. 20Y7 20Y6 Return on total assets fill in the blank 1 % fill in the blank 2 % Return on stockholders’ equity fill in the blank 3 % fill…
The shareholders' equity of Ningning Company shows the following balances on 31 December 2014: Ordinary share, P100 par - P3,000,000 Treasury share, 5,000 ordinary shares at cost - P400,000 Share Premium - P660,000 Retained Earnings - P1,580,000 What is the book value per share of ordinary shares? (Round answer to the nearest two decimal places)
The balance sheets of Burrows Company at the end of each of the first two years of operations indicate the following: 2017 2016. Total current assets P600,000 P560,000 Total property, plant and equipment 960,000 740,000 Total current liabilities 150,000 80,000 Total long-term liabilities 350,000 250,000 Preferred 9% stock, P100 par 100,000 100,000 Common stock, P10 par 600,000 600,000 Paid-in capital in excess of par-common stock 60,000 60,000 Retained earnings 300,000 210,000 The net income is P150,000 and interest expense is P30,000 for 2017. And the current market price of the share is P22.20 in 2017, and P21.25 in 2016. What is the earning per share ratio for 2017?
On its Form 10-K for the year ended December 31, 2018, Bank of America Corp. reported information related to basic earnings per share.Fill in the missing information. Rounding instruction: Round answer a. to two decimal places.Round answer b., c., & d. to the nearest million.Round answer e. to one decimal place. $ millions, except per share amounts 2018 2017 2016 Net income $28,147 $18,232 d. Answer Preferred stock dividends 1,451 b. Answer $1,682 Net income applicable to common shareholders 26,696 c. Answer $16,140 Average common shares outstanding 10,096.5 10,195.6 e. Answer Basic earnings per share a. Answer $1.63 $1.57