OceanView Corporation's assets total $850,000 and its liabilities total $480,000. What is the amount of Ocean View's retained earnings if its capital stock amounts to $300,000?
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- Houghton Company has the following items: share capital- ordinary, $820,000; treasury shares, $85,000; deferred taxes, $100,000 and retained earnings, $313,000. What amount should Houghton Company report as total equity?United Company provided the following: Cash, P600,000; Equity investments at Fair Value Through Profit or Loss, P800,000; Accounts Receivable (net), P3,500,000; Merchandise Inventory, P1,500,000; Share Capital, P5,000,000; Share Premium, P2,000,000, Retained Earnings, P500,000; Treasury Shares, P300,000. What amount should be reported as total shareholders' equity? A P5,600,000 B) P6,600,000 P7,200,000 D P6,400,000Napier Co. provided the following information on selected transactions during 2021: Purchase of land by issuing bonds, P250,000; Proceeds from issuing bonds, P500,000; Purchases of inventory, P950,000; Purchases of treasury shares, P150,000; Loans made to affiliated corporations, P350,000; Dividends paid to preference shareholders, P100,000; Proceeds from issuing preference share, P400,000; Proceeds from sale of equipment, P50,000. The net cash provided by financing activities during 2021 is (A P650,000. (B) P800,000. P900,000. D P550,000.
- Napier Co. provided the following information on selected transactions during 2021: Purchase of land by issuing bonds, P250,000; Proceeds from issuing bonds, P500,000; Purchases of inventory, P950,000; Purchases of treasury shares, P150,000; Loans made to affiliated corporations, P350,000; Dividends paid to preference shareholders, P100,000; Proceeds from issuing preference share, P400,000; Proceeds from sale of equipment, P50,000. The net cash provided (used) by investing activities during 2021 is A P(300,000). B P(1,250,000). c) P50,000. (D) P(550,000).Assume B Corporation has $450,000 of Ordinary income from its operations and $10,000 of interest received from its investments in bonds from Z firm. Also, it received $20,000 in dividends from an investment in stocks on Y Corporation, having ownership of 18% of that firm. Find any deductions from the information provided above.(10)(Account)If corporation has stockholders
- Consider the following information for X Corporation:• Retained earnings balance January 1, 2022, $121,500.• Share capital balance January 1, 2022, $27,000.• Net income for year 2022, $145,817.• Dividends declared and paid for year 2022, $53,275.• Additional share capital issued May 31, 2022, $4,000.Requirements:1. Using the above information, prepare a formal Statement of Changes in Equity.Assume that, on January 1, 2021, Sacramento Corporation paid $1,622,400 for its investment in 62,400 shares of Angel Company. Further, assume that Angel has 260,000 total shares of stock issued. The book value and fair value of Angel's identifiable net assets were both $520,000 at January 1, 2021. The following information pertains to Angel during 2021: Net income $260,000 Dividends declared and paid $ 78,000 $ Market price of common stock on 12/31/2021 28/share What amount would Sacramento report in its year-end 2021 balance sheet for its investment in Angel? Multiple Choice $1,666,080. $1,960,400. $1,804,400. None of these answer choices are correct.What is the effective of this transaction on these financial accounting question?
- Question: How much is the total share of Aubrey in the profit for the period?How much should be reported in La Casa’s P&L section of the statement of comprehensive income and how much is the carrying value of the investment at the end of 2018?53. The following information was taken from the accounting records of BT21, Inc. for 2021:· Proceeds from issuance of preferred shares, P800,000· Bonds payable converted to ordinary shares, P200,000· Proceeds from sale of plant building, P1,000,000· Gain on sale of plant building, P100,000· Dividends paid on preference shares P50,000· Payment for purchase of machinery, P200,000· 2% bonus issue on ordinary shares, P300,000How much is the net cash flow from investing activities and cash flow from investing activities during 2021, respectively?