On April 1, 2XX1, Globe Corporation, a newly formed company, had the following share capital issued and outstanding: Ordinary Share Capital, no par, P10 stated value, 20,000 shares originally issued for P30 per share Preference Share Capital, P100 par, 600 shares originally issued for P500 per share What are the amounts of Ordinary Share Capital, Preference Share Capital and Additional Paid in Capital, respectively, that Globe Corporation should report in its April 1, 2XX1 Statement of Shareholders' Equity? Ordinary share capital: Preference share capital: Additional paid in capital:

On April 1, 2XX1, Globe Corporation, a newly formed company, had the following share capital issued and outstanding: Ordinary Share Capital, no par, P10 stated value, 20,000 shares originally issued for P30 per share Preference Share Capital, P100 par, 600 shares originally issued for P500 per share What are the amounts of Ordinary Share Capital, Preference Share Capital and Additional Paid in Capital, respectively, that Globe Corporation should report in its April 1, 2XX1 Statement of Shareholders' Equity? Ordinary share capital: Preference share capital: Additional paid in capital:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The Following information was lifted from the shareholders equity section of ABC Corp: Share Capital - 10P par value, 280K shares Subscribed Capital Subscription Receivable Share Premium Retained Earnings Treasury Share (at cost, P6/sh) 2,800,000 940,000 530,000 1,025,000 1,700,000 240,000 On June 9, 2020, the BOD declared a 3P per share cash div of record on June 25, 2020 and payable on July 6, 2020. Compute for the Cash dividend payable and RE.
The sub parts of 4 and 5 only
F. The Silver Ray Corporation was organized on January 1, 2018 with authorized share capital consisting of 50,000 preference shares with a par value of P 50 and 1,000,000 of no-par ordinary shares with a stated value of P 10 per share. At December 31, 2018, the ledger included the following balances pertaining to shareholders' equity. Preference Share Capital Preference Share Premium P 1,000,000 120,000 3,000,000 4,500,000 Ordinary Share Capital Ordinary Share Capital in Excess of Stated Value 10,000 preference shares were issued in exchange for equipment having a fair value of P 550,000. The remaining preference shares were issued for cash. All ordinary shares were issued for cash. Required: Compute for the following: a) Number of preference shares issued for cash b) Price per share of preference share capital issued for cash Number of ordinary shares issued c) d) Average price per share of the ordinary share capital issued for cash e) Total preference share premium arising from…
Accounting for Corporation
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What is the balance of the share capital as of year-end?