Ihe shareholders' equity of the ABA Company on January 1, 2020 is presented below: Share capital, P20 par value, 50,000 shares authorized, 35,000 shares issued and outstanding Share premium P700,000 350,000 Accumulated profits 300,000 During 2020, the following transactions relating to the shareholders' equity occurred: a. 1,000 shares were reacquired at P35 per share.. b. 900 shares were reacquired at P38 per share. c. 1,500 shares of treasury were sold at P40 per share. d. Net income for the year amounted to P105,000. What is the total shareholders' equity on December 31, 2020?

Ihe shareholders' equity of the ABA Company on January 1, 2020 is presented below: Share capital, P20 par value, 50,000 shares authorized, 35,000 shares issued and outstanding Share premium P700,000 350,000 Accumulated profits 300,000 During 2020, the following transactions relating to the shareholders' equity occurred: a. 1,000 shares were reacquired at P35 per share.. b. 900 shares were reacquired at P38 per share. c. 1,500 shares of treasury were sold at P40 per share. d. Net income for the year amounted to P105,000. What is the total shareholders' equity 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

Mary Cooper, Sheldon's mother, who lives in east Texas, wants to help pay for her grandchild's education. How long will it take Mary to reach her goal of $220,000 if she invests $10,000 per year, earning 6 percent? Use Appendix A-3 or the Garman/Forgue companion website. Round your answer to the nearest half-year. years
N5
(0) tas E9-11 (Algo) Part 2 2. Using the following structure, indicate the effects (accounts, amounts, and for increase and for decrease) of the disposal of the truck, assuming Accumulated Depreciation-Truck was (a) $12.000, b) $8.000, and (c) $14,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) (0) 100 Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal (LO 9-5) The following information applies to the questions displayed below] do thy tia (c) [R) Movelt Corporation is the world's leading express distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Movelt sold a delivery truck for $17,000. Movelt had originally purchased the vehicle and recorded it in the Truck account for $29,000 and had recorded depreciation for three years. Assets . = = Liabilities . . Stockholders' Equity
Hi it says wrong. I had 288.7 also but idk please give formula
QUESTION 9 Fill in the blanks below:
Sh47
D1.
123445 63. We have the following spot rates: No of Year ron (spot rate) 10.5% 11% 11.5% 12% 12.5% F3,5, F1,5, F 2,4 Calculate:
That is the answer I got but it is wrong its either a. $4,590 b. $1,476.60 c. $4,180.80 or d. $3,295 I can't figure out how it's one of those answers
Capital Rationing Decsion Involving Four Proposals Kopecky Industries Inc. Is considering allocating a limited amount of capital Investment funds among four proposals. The amount of proposed Investment, estimated income from operations, and net cash flow for each proposal are as follows: Project Uniform victor Sierra Tango Name Investment $900,000 Investment $2,770,865 Investment $1,762,515 Investment $1,040,013 Income Income Income Income Net Cash Net Cash Net Cash Net Cash from from from from Flows Flows Flows Flows Year Operations Operations Operations Operations $84,000 $240,000 $294,500 $950,000 $207,000 $450,000 $109,000 $390,000 84,500 240,000 294,775 950,000 207,000 450,000 109,000 390,000 85,000 240,000 295,050 950,000 207,000 450,000 109,000 390,000 85,500 240,000 295,325 950,000 207,000 450,000 109,000 390,000 5. 86,000 240,000 295,600 950,000 207,000 450,000 109,000 390,000 Total $425,000 $1,200,000 $1,475,250 $4,750,000 S1,035,000 $2,250,000 $545,000 $1,950,000 Present…
Please answer two question. I will give upvote
ote: Total Aet-Cuat linbiwbe Accumulated fundo tthistoation: The recepts and gagmetsalleunte of Liar c for the you Balane If Sub saptindn knded 2lst Delamt 1999 Wee ce Inserrance Rate l,000 ting 3,650 L, 700 600 Glavenalerpanes 6itor Reut fnnitume Sought lana /d 27,250 Sonatins 8,500 8,150 7,80 2,St0 27250 The fillowing nformetim Rates were 3600 2,F00 popaid Geneal Raputes prepaid Doo Raut Buing Subsaptim in Qureas 100 75 Foo 600 The foced assets funituns Cnd fifting Premies bepreciate thu Asets as at Ist jan 999 were; at1,500 A5,00 by o pepare; Youre veequired to Statemat of affats - m Come and"copenditwe allounts 2 Balane sheetas at 3lst Delember 1999,