Bob acquired 80% of the voting equity shares of Bil Bil had the following equity at the date of acquisitionOrdinary shares $1Retained earningsYour currently accepted answer:1,000,000800,0001,800,000The cost of the investment was $1,500,000 and the fair value of the non-controlling interest at acquisition was $360,000What was the goodwill on acquisition of Bill?

The intangible traits and competitive advantages that make a firm more valuable than the sum of its…

Answered: Ordinary shares $1 Retained eamings…

Business

Accounting

Ordinary shares $1 Retained eamings 1,000,000 800,000 1 800 000

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

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…
$123 Numerator 185.4 Denominator $0.66 EPS
Question 10 of 17 -/1 E View Policies Current Attempt in Progress Crane Company issued 9000 shares of its $5 par value common stock having a fair value of $20 per share and 14000 shares of its $10 par value preferred stock having a fair value of $20 per share for a lump sum of $510000. How much of the proceeds would be allocated to the common stock? O $180000 O $310435 O $199565 O $206250 Save for Later Attempts: 0 of 1 used Submit Answer
Q4 Company P’s net profit for Year 1 is 4 600 000. capital structure of P comprising 3 000 000 ordinary shares and 500 000 equity-classified preference shares in issue throughout Year 1. Each preference share provides for a cumulative discretionary dividend each year of R1.20; and preference shares have no further rights to participate in dividends with ordinary shares. There are no tax effects on payment of preference dividends.Calculate the basic EPS
ACCA 205 PRACTICE QUESTION ISSUE OF SHARES The Star Traders Co, was formed with a total capital made up as follows: 1,000,000 shares of common stock at $2 par 80,000 6% Preferred shares at $100 per share Issued 300,000 shares of common stock for cash at $8 per share. Purchased a building by issuing 10,000 shares of $2 par value common stock at the current market price of $10 per share. Issued common stock at a market price of $8 per share for the payment of incorporation expenses and legal fees amounting to $20,000 Issued 20,000 shares of 6% Preferred stock at a current market price of $105 per share. Jan 1. 2. 6. 8. 10. Sept. 18. Paid a cash dividend on common stock @ $2 per share outstanding and the preference dividend due. The dividend is paid out of current year's net intome.
A * NI Yo LTEI 8%05:55 am LTE 4+ +91 6291965 492 12 August, I:52 pm YLtd. Issued 10000 equity share of Rs. 100 each. Payable as Rs. 25 on application, Rs. 40 on allotment, Rs. 15 on first call and Rs. 20 on final call Applications were received for 11000 shares. Excess applications were rejected. All money duly received except from Mr. Mishra holding 100 shares paid both calls money along with allotment. Prepare journal to record above transactions in the books of Y Ltd.
Pink Limited Purple Limited Earnings before interest and tax R3 000 000 R4 000 000 Long term interest bearing debt R500 000 R800 000 Earnings attributable to shareholders R2 124 000 R2 822 400 Tax rate 28% 28% Share Capital R2 00 000 R5 000 000 Number of ordinary shares issued 200 000 400 000 Number of ordinary shares authorised 1 000 000 500 000 Current market price of the share R30 R20.00 Dividend per share R5 R3 As a financial manager you are very concerned about the dividend yield and dividend payout ratio as these will be your indicators of the return on your investments. Q .3 Calculate the dividend yield for both companies.
Ordinary share, P1 par P4,800,000 Share premium in Excess of Par— Ordinary share 550,000 Preferred 8 1/2% share, P50 par 2,000,000 Share premium in Excess of Par—Preferred share 400,000 Retained Earnings 1,500,000 Treasury ordinary share (at cost) 150,000 The total shareholders' equity of Uub Corporation is a. P9,100,000 b. P9,250,000 c. P7,750,000 d. P7,600,000
Subject: acounting
20Y6 20Y5 Net income Preferred dividends Average number of common shares outstanding $4,243,200 $2,855,360 564.000 564.000 128,000 shares 104,000 shares Determine the earnings per share for 20Y6 and 20Y5. b. Does the change in the earnings per share from 20Y5 to 20Y6 indicate a favorable of unfavorable trend? EX 13-1 Dividend per share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 2% stock, $60 par, and 100,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $49,000; second year, $132,000; third year, $146,000; fourth year, $160,000. Compute the dividend per share on each class of stock for each of the four years. OBJ. 3 EX 13-2 Dividend per share OBJ. 3 Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares of cumulative preferred 1% stock, $125 par, and 100,000 shares of $150…
Problem4 Current E & P $400,000 an Accumulated E & P 200,000. During the year Zeta distributes $800,000 to shareholders(A & B-$400, 000 to each) A has a basis in his stock $50,000 and B has a a basis of 200,000 Calculate the effect of the distribution on A and B
Year 2 Year 1 Preference share, par value P50, 10%. Ordinary share, par value P20. Share premium - ordinary share.. Retained earnings... P100,000 400,000 P100,000 400,000 100,000 100,000 140,000 120,000 Net income 60,000 10,000 80,000 Dividends on preference share Dividends on ordinary share Market price per share, Dec 31. 10,000 50,000 40,000 28.00 21.00 Instruction: Determine the following A. Price-earnings ratio B. Dividend yield ratio C. Payout ratio D. Return of Equity E. Book value per share