FROZEN Corporation was incorporated on January 1, 2018 with the following authorized capitalization: • 40,000 ordinary shares, no par value, stated value of P40 per share • 10,000 shares of 5% cumulative preference share, par value of P10 per share During 2018, FROZEN issued 24,000 ordinary shares for a total consideration of P1,200,000 and 6,000 preference share at P16 per share. In addition, on December 29, 2018, subscriptions for 2,000 preference shares were taken at a purchase price of P17. These subscribed shares were paid for on January 2, 2019.

FROZEN Corporation was incorporated on January 1, 2018 with the following authorized capitalization: • 40,000 ordinary shares, no par value, stated value of P40 per share • 10,000 shares of 5% cumulative preference share, par value of P10 per share During 2018, FROZEN issued 24,000 ordinary shares for a total consideration of P1,200,000 and 6,000 preference share at P16 per share. In addition, on December 29, 2018, subscriptions for 2,000 preference shares were taken at a purchase price of P17. These subscribed shares were paid for on January 2, 2019.

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

1. Assuming the investment is appropriately recognized as a financial asset intended to collect contractual cash flows and also to sell the bonds in open market: How much unrealized gain (loss) is to be reflected in the statement of changes in equity and statement of comprehensive income at yearend 2020? 2. Assuming the investment is appropriately recognized as a financial asset intended to collect contractual cash flows and also to sell the bonds in open market: What is the carrying value of the investment on December 31, 2020? 3. Assuming the investment is appropriately recognized as a financial asset intended to collect contractual cash flows and also to sell the bonds in open market: Determine the gain or (loss) to be recorded upon the sale of the investment.
Based on GROUP's current ratio, quick ratio and debt ratio, evaluate the company’s financial stability in 2020 as compared to 2019. Provide your comment as well to support the answer.
Determine the WACC, and determine whether the company generated value or not, and what the amount was for both years ANSWER 2020 2021 WACC EVA ROIC
What is the Analysis for year 2018 - 2020?
Hardev
Indicate how the "investment in equity securities -trading" would be classified on a balance sheet prepared on December 31, 2020. a) Current Assets b) Long-term Investments c) Property, Plant, and Equipment d) Intangible Assets e) Other Assets f) Current Liabilities 8) Long-Term Liabilities h) Capital Stock i) Retained Earnings i) Notes to Financial Statements K) Not Reported on Balance Sheet
DO NOT GIVE SOLUTION IN IMAGE
block A/2019/3 Which sub-items of property, plant and equipment are to be reported in a HGB balance sheet of a large capital company?
True or False? You can construct a sources and use statement for 2021 if you have a company's year-end balance sheets for 2021 and 2022