On October 1, 2021, SIKAP Corporation owns 10,000 FVOCI shares acquired at a cost of P120,000. The shares represent 10% of the shares outstanding of TIYAGA Corporation. On the same date, TIYAGA declared 20% share dividends payable to stockholders on October 31. On October 31, the stock is selling at P12 per share. However, on October 31, TIYAGA Corporation gave P13 per share cash in lieu of the supposed share dividends previously declared a. How much is the dividend income to be recognized in 2021? b. Prepare all the necessary entries during the year.

Q: On March 31, 20x1, Budoy Co. received 10,000 stock rights from its investment in equity securities…

A: Received stock rights= 10,000 Share rate= ₱60 per share for every 4 rights held Prior-share rate=…

Q: On June 15, 2021, LABAN Company owns 20,000 shares with a cost of P1,000,000 of GANGDULO Company’s…

A: On 15.06.2021, LABAN company owns shares of GANGDULO company = 20000 shares Cost of purchase =…

Q: Lilac Company has 200,000 shares of ordinary shares outstanding on January 1, 2021. On March 31,…

A:

Q: On July 1, 2021, Funk Company has 400,000 shares of P25 par ordinary outstanding and the market…

A: No. of treasury shares after split = treasury shares x 5/1 = 50000  x 5/1 = 250,000 shares

Q: On January 1, 2021, Lourdes Company purchased 10,000 ordinary shares of LTS Corporation, a large,…

A: Solution Given Number of share purchased 10000 LTS distributed 20% bonus issue Par…

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: ABC SAOG has in issue 2,000,000 ordinary shares of OMR 0.500 fully paid. On 31st Dec 2018 management…

A: given that, number of shares =  2,000,000 ordinary shares  On 31st Dec 2018 management board has…

Q: Calculate the theoretical ex-bonus price and adjustment factor.  b) Compute the basic EPS amount…

A: A) Ex-bonus price=$4.00-($4.00/6)= $3.33   Adjustment factor= (3.33/4.00)= 0.83   The theoretical…

Q: On October 1, 2021, SIKAP Corporation owns 10,000 shares acquired at a cost of P120,000 classified…

A: The dividend income is recognized in the profit and loss account if it is declared by the…

Q: LAVENDER Corporation issued 20,000 shares of its ₱70 par value ordinary share capital and 8,000 of…

A: Total market value of preferrence shares = No. of preferrence shares x market value per share =…

Q: 2021, the board of directors of ABC Co. declares a 10% share dividend. The market price of ABC’s…

A: Explanation of Concept Dividend is the part of earning which is been distributed to the shareholder…

Q: On July 1, 2021, Funk Company has 400,000 shares of P25 par ordinary outstanding and the market…

A: Share split in the business is one in which one share of the company is split or broken into…

Q: At December 21, 2020, BFAR Corp. had 20,000 treasury shares that had been reacquired in 2020 at PHP…

A: The treasury stock shares are the shares that are repurchased by the company from the shareholders…

Q: On July 1, 2021, Funk Company has 400,000 shares of P25 par ordinary outstanding and the market…

A: No. of treasury shares after split = treasury shares x 5/1 = 50000  x 5/1 = 250,000 shares

Q: On December 1, DOS Corporation issued 1,000 shares of its par ordinary share capital and 2,000…

A: Journal entries are the entries to be recorded in the accounting books of the business for all the…

Q: On July 1, 2010, Bettina Company’s board of directors declared a 10% share dividend. The market…

A: The dividend is declared from the retained earnings of the business. The dividend can be paid in the…

Q: On January 5, 2020, Swat Company declared a 15% share dividend. The market price of the entity’s…

A: Share dividend is a method of capitalizing the retained earning. Under this, no profit is…

Q: On July 1, 2021, Funk Company has 400,000 shares of P25 par ordinary outstanding and the market…

A: Balance in ordinary shares before split=Number of shares×Par value=400,000×P25=P 10,000,000

Q: On June 30, 2021 BANANA Company issued 1,000 of P10 par ordinary shares and 2,000 of P10 par…

A: The question is based on the concept of Financial Accounting.

Q: Lilac Company has 200,000 shares of ordinary shares outstanding on January 1, 2021. On March 31,…

A: Diluted earnings per share (diluted EPS) is a corporation's earnings per share if all convertible…

Q: Lilac Company has 200,000 shares of ordinary shares outstanding on January 1, 2021. On March 31,…

A: Weighted average ordinary shares outstanding  = Beginning ordinary shares outstanding + (additional…

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: On October 17, 2021, LILAC Corporation exchanged 20,000 shares of its ₱200 par value stock for land.…

A: The shares are exchanged for their appraised value.

Q: on October 17, ORANGE Company issued 15,000 shares of its ₱100 par ordinary share in acquiring a…

A: Share premium: It can be defined as the excess of the issue price of a share over its par value.

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.