OMR 4 par value shares of XYZ Company are actively traded in the stock market at OMR 6.2 per share. The company issues 20,000 shares to acquire a land recently advertised for sale at OMR 128,000. Determine the purchase consideration for land. a. None of the option is correct b. OMR 80,000 c. OMR 128,000 d. OMR 124,000

OMR 4 par value shares of XYZ Company are actively traded in the stock market at OMR 6.2 per share. The company issues 20,000 shares to acquire a land recently advertised for sale at OMR 128,000. Determine the purchase consideration for land. a. None of the option is correct b. OMR 80,000 c. OMR 128,000 d. OMR 124,000

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

ok ht 3 nces 2023 1 Purchased for $80,275 an 9.0%, $77,000 bond that matures in 11 years from Hanna Corporation when the market interest rate was 8.4%. There was a $50 transaction fee included in the above-noted payment amount. Interest is paid semiannually beginning June 30, 2023. The acquisition was made with intention to hold to maturity. June 30 Received interest on the Hanna bond. Jan. July 1 Paid $119,769 for a Trust Inc. bond with a par value of $122,000 and a six-years term. The bond pays interest quarterly beginning September 30, 2023, at the annual rate of 8.8%; the market interest rate on the date of purchase was 9.2%. There was a $50 transaction fee included in the above-noted payment amount. Sept. 30 Received interest on the Trust bond. Dec. 31 Received interest on the Hanna and Trust bonds. 31 The fair values of the bonds on this date equalled the fair values. Required: 1. For each of the bond investments, prepare an amortization schedule showing only 2023 and 2024.…
Please do not give solution in image format thanku
A e O m l 75% i 14:07 LTE abc SAVE Тext Pen Brush On January 1, 2011, Paul Co. granted its CEO, Valerie Paul, 1,000 stock options with an exercise price of $30 per share as compensation. The options vest over four years and expire after 10 years. The stock price on the grant date was $30 and the fair value of the option grant was $10 per share. On December 31, 2012, Paul Co. recorded a journal entry related to this option grant. Which of the following items would be decreased by the December 31, 2012 journal entry? (check all that apply) Net Income Additional Paid in Capital Accumulated Other Comprehensiv Income Cash from Operating Activities Cash from Financing Activities В I U !!! !!!
None
QUESTION 4 Emma Consulting had previously purchased 2838 shares of treasury stock for $7 per share. Emma then sold 1381 shares of the treasury stock for $13 per share. The credit to treasury stock to record the sale would be $
11:36 Today All Photos 11:36 PM More Info Purchased 500 shares of Voltexar stock, paying $49 per share. The investment represents 4% ownership in Voltexar's voting stock. Raider does not have significant influence over Voltexar. Raider intends to hold the investment for the Jan. 14 indefinite future. Aug. 22 Received a cash dividend of $0.32 per share on the Voltexar stock. Dec. 31 Adjusted the Voltexar investment to its current market value of $54. Print Done Edit
PROBLEM 31 Çobarrubias Corporation had the following investment at FVTPL at the beginning of the current year: Fair Value ABC Corporation, 10,000 shares (originally cost P1,000,000) JKL Company, 20,000 shares (originally cost P500,000) -P1,200,000 450,000 During the current year, the following transactions occurred: Feb. 28 ABC Corporation declared a 3-for-2 share split. Apr 31 JKL Company declared a 20% share dividend. The market value of JKL Company on this date is P3.00. June 30 Sold 5,000 shares of JKL Company for P100,000, less brokers fee of P1,000. July 31 Sold 5,000 shares of ABC Corporation for P135. Sept 30 Received share rights to purchase one share of ABC Corporation for P100 per share. The companyshould tender five rights for everyshare acquired. The market price of ABC Corporation shares on this date is P140. Oct. 31 Exercise all the share rights from ABC Corporation. Dec. 31 The market value of the portfolio: ABC Corporation - P155 per share JKL Company- P36 per share…
L 30
Question 15 of 17 View Policies Current Attempt in Progress The stockholders of Meadow Corp approved astock-option plan that grants the companys top three executives op tions to parchase a maximum of 1,000 shares each of Meadow' \$2 par common stock for \$19 per share. The options were granted on January 1 when the fair value of the stock was $20 per share. Meadow determined that the fair value of the compensation is $300,000 and the vesting period is three years. What amount of compensation expense from the options should Meadow record in the year the options were granted? \[ \begin{array}{l} \$ 20,000 \\ \$ 300,000 \\ \$ 60,000 \\ \$ 100,000.
Part A P 14-12 Quas In late 2022, the Nicklaus Corporation was formed. The corporate charier authorizes the issuaee of 5,000,000 ordinary shares carrying a $1 par value, and 1,000,000 preference shares of $5 m Various reore shareholders value, non-cumulative, and non-participating. On January 2, 2022, 3,000,0000 ordinary shares ae equity topics: ISsued in exchange for cash at an average price of $10 per share. Also on January 2, all 1,000.000 compre- hensive (bas App OA 1- preference shares are issued at S20 per share. O LO14-1 Required: 1. Prepare journal entries to record these transactions. 2. Prepare the shareholders' equity section of the Nicklaus statement of financial position us of March 31, 2023, (Assume that net profit for the first quarter of 2023 was S1,000,000.) LO14-4 through LO14-8 Part B During 2023, the Nicklaus Corporation participated in three treasury shares transactions: On June 30, 2023, the corporation reacquires 200,000 shares for the treasury at a price of $12…
For the month of June 2023, patient charges at Southfield Hospital (a not-for-profit hospital) were $2,940,000. Third-party payers were billed $1,900,000. The hospital estimated that contractual adjustments would reduce the amount collected from their-party payers to $1,790,000. Prepare the neccessary journal entry to record the contractual adjustments.
just question 25 only