Holiday, Inc. had the following transactions in the ordinary shares of May Corporation: January 5 June 15 Bought 4,000 ordinary shares, P100 par, at P88. Received 10% bonus issue. Received P4 cash dividend for each ordinary August 31 share. Received stock rights to buy one new share at P100 for every 5 shares held. Market value of stock ex-right, P156. Sold all stock rights at P4 per right. October 10 November 15 What is the revised cost per share after receipt of the bonus issue? P75 а. b. P80 P85 с. d. P90

Holiday, Inc. had the following transactions in the ordinary shares of May Corporation: January 5 June 15 Bought 4,000 ordinary shares, P100 par, at P88. Received 10% bonus issue. Received P4 cash dividend for each ordinary August 31 share. Received stock rights to buy one new share at P100 for every 5 shares held. Market value of stock ex-right, P156. Sold all stock rights at P4 per right. October 10 November 15 What is the revised cost per share after receipt of the bonus issue? P75 а. b. P80 P85 с. d. P90

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

Piper Specialty Store Ltd. completed the following merchandising transactions in the month of May 2021. At the beginning of May, Piper's ledger showed Cash $7,000; Accounts Receivable $1,900; Inventory $3,500; Common Shares $7,800; and Retained Earnings $4,600. Piper Specialty has experienced a return rate of 2% of sales and uses a perpetual inventory system. Purchased merchandise on account from Depot Wholesale Supply Ltd. for $5,340, terms 1/10, n/30, FOB shipping point. May 3 Freight charges of $137 were paid by the appropriate party on the merchandise purchased on May 1. Sold merchandise on account to Yip Company for $3,500, terms n/30, FOB destination. The cost of the merchandise was $2,400. 7 Freight charges of $86 were paid by the appropriate party on the May 4 sale. 8. Received a $140 credit from Depot Wholesale Supply when merchandise was returned. Paid Depot Wholesale Supply in full. 11 Purchased supplies for $390 cash. 14 Received payment in full from Yip Company for…
D nctions Question 10 Use the diagram below to find each of the following: sine of point a • cose of point b • tane of point c d e
how do i do PR 13-3A
How do i do PR 20-6A
13 THE 3 PS (PEOPLE. PLANET. PROFIT)
Select one:a.(iii) and (iv) onlyb.(ii) and (iii) onlyc.(i) and (ii) onlyd.All four
E14.7
E14.2
What information is included in Form 10-K?
defines the concept of globalization
Define Rule of 78