Glavine Company issues 6,000 shares of its $5 par value common stock having a fair market value of $25 per share and 9,000 shares of its $15 par value preferred stock having a fair market value of $20 per share for a lump sum of $297,000. The proceeds allocated to the common stock are: a. 150,000 b. 162,000 c. 118,800 d. 135,000
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- ABC Company issued 10,000 common stocks with a par value of $5 and a fair value of $25 per share along with 15,000 preferred stocks with a par value of $15 and a fair value of $20 per share. Both shares were issued for a total (lump sum) of $530,000. How much of the $530,000 should be allocated to common stock? a. $250,000 b. $289,091 c. $240,909C&S Corp. issued 66 shares of its $1 par value common stock for $11 per share. Issue costs were $86 What amount would they record as Additional Paid-In Capital-Common Stock? Type your answer.....ABC issued 10,000 common shares with a par value of $ 5 and a market value of $ 25 per share along with 15,000 preferred shares with an par value of $ 15 and a market value of $ 20 per share. Both shares were issued for a total (price included) of $ 530,000. How much of the $ 530,000 must be allocated to common shares? a. 240,909 b. 281,563 c. $250,000 d. 284,091
- The shareholder’s equity section of FED, Inc. contains the following:Preference share capital of P100 par, 15,000 shares - P1,500,000Preference share premium - P750,000Ordinary share capital of P20 par, 50,000 shares - P1,000,000Ordinary share premium - P250,000Retained Earnings P800,000 1,000 preference shares was reacquired by the company and retired for P200 per share. How much is the total shareholder’s equity after the retirement?Item No. 7 is based on the following information:neqx noiresinsgno b Nel Corporation's general ledger accounts show among others, the following: 9 to gniuzel va Preference Share Capital (20,000 authorized shares, par P 200) Preference Share Premium-- P 3,400,000 - 200,000 edi bac Ordinary Share Capital (100,000 authorized shares, value P 80) Ordinary Share Capital in Excess of Stated Value 4,000,000 100,000 16r2 7. The issued preference and ordinary shares, respectively, are: a. 17,000 and 50,000. C. 18,000 and 50,000. b. 17,000 and 51,250. d. 20,000 and 100,000.Refer to the following: On December1.20x1, Line Corp recelvud ecoration.of 2 000 shees dfiS P5 par value ordinary shareS from a shareholder On that date, the sk s narket y K was Pper share The stock was or gnaly issued for P25 per share By what anGut wauld B denorcHe lotal stckholders eguly to decrcase? 50,000 20,000 O 70,000
- Columbia Clay, Inc. issues 1.18 million shares of preferred stock with a par value of $11.00 at its market price of $35.00 per share. The issuance should be recorded with a debit to Cash for: Multiple Choice $28.32 million, a credit to Additional Paid-in Capital for $12.98 million, and a credit to Preferred Stock for $41.30 million. $41.30 million, a credit to Preferred Stock for $12.98 million, and a credit to Additional Paid-in Capital for $28.32 million. $41.30 million and a credit to Preferred Stock for $41.30 million. $12.98 million and a credit to Preferred Stock for $12.98 million.The Sneed Corporation issues 11,100 shares of $54 par preferred stock for cash at $62 per share. The entry to record the transaction will consist of a debit to Cash for $688,200 and a credit or credits to a.Paid-in Capital from Preferred Stock for $688,200. b.Preferred stock for $599,400 and Paid-in Capital in Excess of Par Value−Preferred Stock for $88,800. c.Preferred Stock for $688,200. d.Preferred Stock for $599,400 and Retained Earnings for $88,800.AB Co issues 5.000 50c shares for $6.000. Required: What are the amounts for share capital and share premium in the statement of financial position?
- Item No. 4 is based on the following information: nysg bns n Luningning Corporation sold for cash 400 preference shares with a par value of P 50 per share at P56 per share. Also, 600 ordinary shares with no par value but with stated value of P 100 per share were sold for P 102 per share. 4. What would be the effect of the transaction on the total Share Premium account? a. PO. C. P 2,400. b. P 1,200. d. P 3,600.The following transactions were taken from BFAR Corporation: Authorized Ordinary share capital of 500,000 shares at P10 par value. • The total Subscriptions of equity shares is 120,000 shares at a subscription price of P15 per share Half of the total subscriptions were fully paid and Share Certificates have been issued. The balance of total subscriptions has P720,000 outstanding receivable. Compute the issued share capital. ● O 720,000 O 1,800,000 O 600,000 O 1,080,000ESPAÑOL INGLÉS FRANCÉS ABC Company issued 10,000 shares of common stock with a par value of $5 and a fair value of $25 per share along with 15,000 shares of preferred stock with a par value of $15 and a fair value of $20 per share. Both shares were issued for a total (lump sum) of $530,000. How much of the $530,000 should be allocated to common stock? to. $240,909 b. $289,091 C. $250,000 Enviar comentan MacBook Air