Mack Company reported the following outstanding share capital on December 31, 2020:       - 30,000 preference shares, 5% cumulative, par value P10, fully participating as to dividends. No dividends were in arrears.        -  200,000 ordinary shares, par value P1.            On December 31, 2019, the entity declared dividends of P100,000. How much is the dividends per share for he Preference Shares?

Q: At December 31, 2019 and 2020, ABC Company had outstanding 40,000 shares of P100 par value 6%…

A: The dividend is declared to the shareholders from the retained earnings of the business. The…

Q: The J3 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: The shareholders holding preferred class of stocks are called preference shareholders of the…

Q: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: Preferred shares are paid dividend each year but often they are not paid each year but remaining…

Q: n April 8, 2019, GODLY Corporation declared and issued a 25% ordinary share capital dividend. Prior…

A: The amount to be debited to retained earnings will be equal to the total par value of shares issued…

Q: On October 31, 2020, ABC Company declared a dividend of $ 2.00 per share to be paid on November 15,…

A: Liquidating dividend is the dividend which is paid in excess of the company's accumulated…

Q: MM Co. had 100,000 shares of ordinary share issued and outstanding at January 1, 2021. During 2021,…

A: Shares are split by 2-for-1. Each share is converted into 2.  Total shares outstanding before stock…

Q: The shareholders' equity of Kendrick Corp. on August 31, 20 8% Preference share capital, P20 par…

A: From the profits and retained earnings, Preference shares are paid and the remaining amount is…

Q: At December 31,2018 and 2019, TJH Company had outstanding 4,000 shares of P 100 par value, 12%…

A: Preference shares are the investment securities which get fixed return in the form of dividends and…

Q: Stan statement of financial position shows total shareholders' equity of P3,150,000 as of December…

A: Solution: Outstanding shares = Issued shares - shares in treasury = 52000 - 2000 = 50000 shares

Q: On December 31, 2021, EOS Co.'s shareholders' equity consisted of the following: 8%, cumulative…

A: Preference Share: - A share that entities the holder to a fixed dividend, whose payment takes…

Q: XYZ Company has issued 100,000 ordinary shares. The par value of each share is 0.500baisa. Its…

A: Dividend per share = Total Dividend / No. of share

Q: The ABC's statement of financial position shows total shareholders' equity of P3.150.000 as of…

A: Formula used: Book value per share = Total Shareholders equity / Outstanding shares Division of…

Q: The VWX's statement of financial position shows total shareholders’ equity of P3,150,000 as of…

A: Book value per share = Total shareholders equity/Number of common equity share outstanding  Total…

Q: Delta NV has share capital of $l m in shares of $0.25 each. At 31 May 2019 shares had a market value…

A: Right Issue :— It is the new shares issued to existing equity shareholders at lower price.…

Q: ABC Company had 600,000 ordinary shares outstanding on January 1, 2020. During 2020, ABC Company…

A: Right shares- When the entity issued shares to its exiting shareholders with a right to subscriber…

Q: 1. Determine the amount of the ordinary share capital at the end of 2021. 2. Total share premium…

A: Treasury shares are own shares that are purchased for the purpose of re-issuing them at a higher…

Q: Anil Corporation was organized on January 1, 2019. On that date, it issued 500,000, P10 par value,…

A: Balance sheet is the financial statement that records all the assets, liabilities and stockholders'…

Q: Hoseok Corporation has the following data on stock issued and outstanding at December 31, 2020: >10%…

A: Annual Dividend to Preferred shareholders = Preference Share Capital x rate of dividend = P400,000 x…

Q: how much should ABC Company report as basic Earnings Per Share?

A: Formula: Ex- Right Price= Old Shares×Market Price+New Shares×Issue PriceOld Shares+ New Shares EPS=…

Q: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: Ordinary Shares: 20,000 Shares  Par Value of Ordinary Shares: P20 Preference Shares: 2,000 shares…

Q: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: *Preference shares are of nine types, one of them is Cumulative and participating preference shares.…

Q: On April 8, 2019, GODLY Corporation declared and issued a 25% ordinary share capital dividend. Prior…

A: Dividend refers to the amount that is distributed to the shareholders as a reward for the profit…

Q: Kristine‘s outstanding share capital at December 31, 2020 comprised the following: 45,000 shares of…

A: Given that: Preference Share Capital = 45,000*10 = P450,000 Ordinary Share Capital = P3,00,000…

Q: Rose Co. had 30 million shares of $1 par common stock outstanding at January 1, 2021. In October…

A: JOURNAL ENTRIES Journal Entry is the First stage of Accounting Process. Journal Entry is the Process…

Q: Riley Company paid cash dividends of P840,000 and reported net income of P2,170,000. The ordinary…

A: Book value of ordinary share is the the total ordinary shareholders equity plus net income less cash…