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
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
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On January 1, 2006, ABC had 100,000 common shares outstanding. During 2006, ABC issued rights to acquire one common share at P10 in the ratio of one for every 5 shares outstanding. The rights are exercised on October 1, 2006. The market value of the common share immediately prior to October 1. 2006 was P16. The net income for 2006 was P5,500,000. ABC would report earnings per share for 2006 at45,83 50 52.38 55
The owners’ equity account for Rantuil Utilities Berhad are shown below: Common Share (RM2 par) - RM30,000Capital Surplus - RM285,000Retained earnings - RM648,100Total shareholder’s equity - RM963,100 If Rantuil Utilities Berhad currently sells for RM30 per share and a 10 percent share dividend is declared,i. Determine the number of new shares that will be distributed.ii. Reconstruct new owners’ equity account for Rantuil Utilities Berhad.
An entity began operations January 1, 2015 and reported the following net income or loss for five years of operations: 2015 1,500,000 loss 2016 1,300,000 loss 2017 1,200,000 loss 2018 4,500,000 income 2019 9,000,000 income On December 31, 2019, the capital accounts were: Preference share capital, P100 par, 12% participating and cumulative, 100,000 shares 10,000,000 Preference share capital P100 par, 10% nonparticipating, Noncumulative, 50,000 shares 5,000,000 Ordinary share capital, P10 par, 1,000,000 shares 10,000,000 The entity has never paid cash or share dividend. The capital accounts have not changed since the entity began operations. If the maximum amount available for cash dividends is declared on December 31, 2019, what amount of dividend is payable to 12% Preference Shareholders? 10% Preference Shareholders?
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.
15. Rock Company reported the following shareholders equity on December 31, 2022: Share capital, P50 par value 3,000,000 Share premium 600,000 Retained earnings 4,200,000 A 15% share dividend was declared and distributed on December 31, 2022 when entity’s share was selling at P65. What amount should be reported as share capital outstanding? Group of answer choices 3,450,000 3,585,000 3,615,000 4,185,000
Compute for the following with solution: 1. Number of presefrence share subscribed 2. Number of Ordinary share subscribed
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.
The J3 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary share capital, P20 par value, 20,000 shares outstanding Preference share capital, 5% P100 par value, non-cumulative and fully participating, 2,000 shares outstanding No dividends were paid on Preference shares for two years. On Dec 31, 2021 a total Cash dividend of P210,000 was declared. How much dividends will be received by the preference shares holders? *
he records of Alamko Corporation showed the following data: Ordinary share capital, par P10, authorised 1,000 000 shares, issued 300,000 3,000,000 Share Premium 300,000 Treasury shares, 10,000 at (150,000) cost Retained Earnings 5,000,000 The Board of Directors declared a 15% stock dividend. Stocks are selling at P15. The entry to record on the date of declarationis Select the correct response: Retained Earnings 652,500 Stock dividends for distribution 435.000 Share Premium 217,500 Retained Earnings 450,000 Stock dividends for distribution 450,000 Retained Earnings 435,000 Stock dividends for distribution 435,000 Retained Earnings 675,000 Stock dividends for O distribution 450,000 Share Premium 225,000

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