Gender Corporation declared and issued a 6% share dividend on December 1. Prior to the declaration, Gender's retained earnings were P320,000, shares outstanding were 10,000, P2 par value, ordinary share with acurrent market value of P14 per share. Contributed capital will increase as a result of recording this share dividend byle sieSelect the correct response:O P7,200O POO P8,400O P1,200< PreviousContinue>

Contributed capital is also known as paid in capital, it is the total cash and assets the investors…

Answered: Gender Corporation declared and issued…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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On October 1, 2021 Chief Corporation declared and issued a 10% stock dividend. Before this date, Chief had 80,000 shares of $5 par common stock outstanding. Te of Chief Corporation on the date of desiaration was $10 per share. As a result of this dividend, Chief's retained earnings will
AAA Company had the following share capital at the end of the reporting period: Cumulative preference share capital, P100 par, 50,000shares outstanding, 10% dividend rate, each shareconvertible into 2 ordinary shares 5,000,000 Ordinary share capital, P50 par, 500,000 sharesauthorized, 200,000 shares outstanding 10,000,000 The entity reported net income of P5,400,000 for the current year. No share capital activity took place during the year. The income tax rate is 30%. The preference share was issued in the prior year at par value. Questions: 1. Compute for the basic earnings per share. 2. Compute for the diluted earnings per share.
The following data were taken from the statement of financial position accounts of Cha-Cha Corporation on Dec 31, 2019. Current Assets $ 270,000 Investments $ 312,000 Share Capital - Ordinary (par Value $10) $ 300,000 Share Premium - Ordinary $ 75,000 Retained Earnings $ 420,000 Prepare the required Journal Entries for the following unrelated items! 1. A 5% share dividend is declared and distributed at a time when the market price of the shares is $39 per share. 2. The par value of the ordinary shares is reduced to $2 with a 5-for-1 share split. 3. A dividend is declared January 10, 2020 and paid January 28, 2020, in bonds held as an investment. The bonds have a book value of $ 0f $45,000 and a fair value $ 62,500.
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

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