Common stock (P5 par. 500,000 shares)Premium on common stockP 2,500,000P15,000,000Retained earnings (including appropriation of P5.000,000 for equipment) P50,000,000Total Common stockholders' equityP67,500,000If the firm declares a 10% stock dividend, what will be the balance of the unappropriatedretained earnings after the dividend is paid?

Unappropriated retained earnings is that portion of the retained earnings which is not set aside for…

Answered: P 2,500,000 P15,000,000 Common stock…

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 owners' equity accounts for Mars International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings Total owner's equity Please show the equity accounts will change if: a. The company declares a 5-for-1 stock split. How many shares are outstanding now? What is the new par value per share? b. The company declares a 1-for-4 reverse stock split. $20,000 210,000 587,300 $817,300 c. The balance sheet for Mars International is shown below in Market value terms. There are 12,000 shares of stock outstanding. Market Value Balance Sheet Equity $817,300 Cash $ 99,660 Fixed assets 717,640 Total $817,300 Total $817,300 The company has declared a dividend of $1.45 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? What will it sell for tomorrow? What will the balance sheet look like after the dividends are paid? d. suppose the company has announced it is going to repurchase $17,400 worth of stock. What effect…
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Question 8 At the end of 2020, Diego Corporation reported a $40,000 balance in its common share account (stated value $5 per share). The treasury share account showed $720 (cost $6 per share). No dividends were paid during the first two years. During 2020 the company declared and paid a cash dividend at $1.50 per share. Calculate the total amount of the 2020 cash dividend.
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Thunder Yard's total stockholders' Equity is P5,600.000, comprised of the following: • P1,000,000 in 8% cumulative preferred stock consisting of shares of P100 par value • P1,800,000 in Ordinary Shares of P5 par value per share issued at P8 • P1,600,000 in additional Paid in capital P1,200,000 in retained earnings There is a Dividend in Arrears for 2 years 1. Compute for Number of shares of Preferred Stock 2. Compute for Additional Paid In Capital: Preferred Stock 3. Book Value Per Share Ordinary Shares (Round-off Answer to two decimal places)
P14-11M (change the current market price to $29 per share and the dividend percentage to 7.5% Cost of Preferred Stock Par value Current market price Dividend rate Dividend dollars Cost of Preferred Stock BO
Problem 1. Dividends on Preference and Ordinary Shares The preference and ordinary shares outstanding of ABC Company on December 31, 2020 follows: 8% Preference shares, P10 par, cumulative, participating, 40,000 shares authorized, 10,000 shares issued and outstanding P100,000 Ordinary Shares, P2 par, 10,000,000 shares authorized, 250,000 shares issued and outstanding 500,000 Total Preference and Ordinary Shares P 600,000 Required: Calculate the amount of dividends received by preference and ordinary shareholders, respectively, under each of the following assumptions: 1. Preference dividends for 2019 are in arrears. On December 31, 2020, ABC declared a total dividend of P56,000. 2. No dividends are in arrears. On December 31, 2020, ABC declared a total dividend of P66,000. 3. Preference dividends for 2018 and 2019 are in arrears. On December 31, 2020, ABC declared a total dividend of P88,000.
(b) i Total dividends Crane, Ltd. has 11,000 outstanding no par value $1.00 preferred shares issued for $110,000 and 35,000 outstanding no par value common shares issued for $21,000. No dividends were paid or declared during 2023 and 2024. Crane wants to distribute $42,960 in dividends on December 31, 2025. (a) Save for Later Your answer is correct. Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are non-cumulative and non-participating. Total dividends $ eTextbook and Media Accessibility: Investigate Preferred Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are cumulative and non-participating. Preferred 11000 tA $ Common 31960 Common Attempts: 0 of 2 used Submit Answer Foc
How much will be the total shareholders' equity from the following: 6% Preference shares, P50 par, 10,000 shares authorized, 6,000 shares issued. Ordinary shares, P10 par, 80,000 shares authorized, 50,000 shares issued. Ordinary Share Premium - P120,000 Paid-in capital in excess of par, preference shares - P90,000 Retained earnings, Beg. Balance - P86,000 Net income for the year - P145,000 Cash dividend declared and paid -P70,000 Treasury Stock, 350 Ordinary shares, at Cost - P8,400
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What are the adjusting entry in this problem?

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