How much is the total share premium on December 31, 2020? The shareholders' equity of ADAM Co on January 1, 2020 appears as follows:12% Preference share, P200 par, 20,000 shares authorized, 1,400,0007,000 shares issued and outstandingShare premium preferenceOrdinary shares, P100 par, 180,000 shares authorized,35,000 shares issued and outstanding175,0003,500,000Share Premium OrdinaryRetained Earnings1,750,0004,500,000During 2020, the following transactions occurred::Issued 20,000 ordinary shares for P180 per share: Purchase 6,000 ordinary shares for the treasury at P200: Shareholders donated 5,000 entity's own ordinary shares to the corporation: Sold half of the treasury shares acquired last February 7 for P220 per share.: Sold the donated shares at P220 per share: Issued 4,000 preference shares to acquire special equipment with a fair valueof P1,440,000: Received subscription to 18,000 ordinary shares at P250 per share: Received cash payment for each subscriber for 40% of the ordinary sharesJan. 2Feb. 7pershareFeb. 15May 14June 27Aug 28Sep 24Sep 25subscription price: Received full payment of the 10,000 shares on Sep 24 and Sep 25: Close net income of P1,000,000 from the income summary account toretained earnings.Nov 24Dec 31How much is the total share premium on December 31,2020?

Step 1 Share premium is the difference between the issue price and par value or face value of the…

Answered: How much is the total share premium on…

Business

Accounting

How much is the total share premium on December 31, 2020?

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

Dear Bartleby, I need help calculating the dividend yield e. If Wiper's stock had a price/earnings ratio of 14 at the end of 2020, what was the market price of the stock? (Round intermediate calculations and final answer to 2 decimal places.)f. Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in part e. (Round intermediate calculations and final answers to 2 decimal places. Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2018 Current assets $ 650 $ 900 $ 700 Other assets 2,750 2,050 1,750 Total assets $ 3,400 $ 2,950 $ 2,450 Current liabilities $ 500 $ 800 $ 700 Long-term liabilities 1,500 1,000 800 Stockholders' equity 1,400 1,150 950 Total liabilities and stockholders' equity $ 3,400 $ 2,950 $ 2,450…
The cost of equity and dividends are known to the picture.calculate the value of Ve, according to the multi-period dividend discount model
Suppose that the average income in 1954 was 1,050£. Suppose further that the CPI in 1954 was 35.3, and that the CPI in 2021 is 1,021.5. What is the 2020 value of the 1954 average income?
Treasury stock should be reported Group of answer choices in the Investments and Funds section of the balance sheet. as a deduction from total stockholders’ equity on the balance sheet. as a current asset only if it will be sold within the next year or the operating cycle, whichever is longer. as a current asset only if it will be sold within the next year or the operating cycle, whichever is shorter.
The price of a stock was $45 at the beginning of 2019. If it showed a return of 8% at the end of 2019 and is projected to show a return of 14% at the end of 2020, what should the stock price be at the end of 2020?
9. 10. Use the information below and the P/E as an Earnings Multiplier Model to find this stock's intrinsic value and determine whether it's over or under valued if its current price is $71.32. 2020 2021 2022 2023 2024 61.57 39.25 60.93 73.70 9.70 4.56 26.68 6.80 1.34 16.52 4.30 7.00 .60 .70 .80 .65 39.55 45.00 95.00 93.00 97.19 15.0 Bold figures are 21 .86 Value Line estimates 1.1% 1.2% 50 .80 64 76.35 70.79 124.24 107.76 37.7 3.9 1.94 1.2% VALUE LINE PUB. LLC 77.95 Revenues per sh 11.70 "Cash Flow" per sh 8.50 Earnings per sh A .88 Div'ds Decl'd per sh C .65 Cap'l Spending per sh 51.35 Book Value per sh Common Shs Outst'g B Avg Ann'l P/E Ratio Relative P/E Ratio Avg Ann'l Div'd Yield A stock selling for $20 has an intrinsic value of $10. Is it over or under valued?
A stock is selling today for $50 per share. At the end of the year, it pays a dividend of $3 per share and sells for $59. Required: a. What is the total rate of return on the stock? b. What are the dividend yield and percentage capital gain? c. Now suppose the year-end stock price after the dividend is paid is $44. What are the dividend yield and percentage capital gain in this case?
What innovations account for the rapid growth in the variety of fixed-income instruments over the last 50 years?
Best Corporation is expected to pay $.60 next year and $1.10 the following year and $1.25 each year thereafter. If the required return is .14, what is the priice of the stock? $7.40 $2.95 $8.24 $2.22
What is the volatility of a certain stock index from 2019 to 2022? The return for each year is given by: 4,30%, 10,75%, 2,05%, and 12,70%. Calculate the average return over the four-year period. Then, determine the volatility (standard deviation) of the stock index returns.
Quarterly Rates of return are calculated for all properties included in the index and are based on Which two distinct components of return?
Where does the -$40 dividend payment come from?