How much is the ordinary share capital as of December 31,2019? How much is the total shareholder's equity at December 31,2019? How much is the balance of the treasury shares as of December 31,2019?
How much is the ordinary share capital as of December 31,2019? How much is the total shareholder's equity at December 31,2019? How much is the balance of the treasury shares as of December 31,2019?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How much is the ordinary share capital as of December 31,2019?
How much is the total shareholder's equity at December 31,2019?
How much is the balance of the treasury shares as of December 31,2019?
How much is the total contributed capital as of December 31,2019?
What is the total amount of dividends charged to the
Transcribed Image Text:The capital structure of ABC Company at December 31, 2019 are as follows:
12% Preference share capital, P 200 par, 15,000 shares issued
and outstanding
Ordinary share capital, P 30 par, 250,000 shares issued and
Outstanding
Share premium-Preference
Share premium-Ordinary
Retained Earnings
P 3,000,000
7,500,000
900,000
750,000
2,100,000
The following selected transactions relating to shareholder's equity were note in 2019:
a.) Purchased and retired 2,000 preference shares at P 280 each.
b.) Purchased 30,000 of its own ordinary shares at P 35 per share.
c.) Reissued 5,000 treasury shares at P 38 each.
d.) Shareholders donated to the company 20,000 ordinary shares when the market price is P
36 per share.
e.) One half of the donated shares were issued for P 39 each.
f.) Profit for 2019 was P 1,850,000.
g.) The board of directors declared and paid the regular annual dividend on the preference
share and P 1.50 per ordinary share dividend.
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