Problem 2The shareholders' equity of Tony Corporation revealed the following on June 30, 2018:Preference share, P100 par valePreference share premiumOrdinary share, P15 par valueOrdinary share premiumOrdinary share subscribedRetained earningsNotes payableSubscriptions receivable - ordinaryP230,00080,500525,000275,0005,000190,000400,00040,00028. How much is the legal capital?29. Using the data in problem #2, how much is the additional paid in capital?30. Using the data in problem #2, how much is the total shareholders' equity?Problem 3A corporation declared a 40% share dividend on its 60,000 shares of P20 par ordinary shares ona day when the market price is P50.31. How much was debited to retained earnings on the date of declaration?32. Using information in problem #3, what is the peso dividend per ordinary share?33. Using information if problem #3 and assuming the share capital dividend declaredis 4/40, what is the share premium from stock dividends?

As per rule, allowed to answer first question and post the remaining in the next submission.

Answered: P230,000 80,50C 525,000 275,000 5,000…

Business

Accounting

P230,000 80,50C 525,000 275,000 5,000 190,000 rale

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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ADAK STEEL budget info: 01 02 04 $2,500,000 $2,000,000 $2,200,000 $2,800,000 $500,000 $500,000 $600,000 $700,000 $800,000 $800,000 $900,000 $1,000,000 $400,000 $400,000 $400,000 $400,000 Sales on account Purchases of material on account Payroll Miscellaneous Cash collections of sales on account: 70% current Quarter; 20% following Q 4% - never Sales in previous year: 3rd Q-$1,800,000 4th Q-$2,400,000 Material Purchases: Paid ½ in current Q; ½ in next Q Purchases in 4th Q of previous year: $600,000 All other items (payroll, miscellaneous) are paid in current month. Non-operating cash outlays: Dividends: Bond interest: Bond Principal: 6% second following Q $90,000 every Q. $60,000 on June 30 and $40,000 on December 31. $1,000,000 on June 30. $120,000 Annual interest rate: 8% Beginning Cash Balance, Jan. 1: Minimum Balance: $100,000 REQUIRED: Prepare a Cash Budget Repay loan only when you have enough cash to pay entire loan. Pay interest when you pay principal. Borrow at beginning of Q,…
O $200,000 O $139,140 What is the number that should be put in X? O $140,390 1 2 3 O $260,860 Table 5 Reserve Requirement Deposits $95,461 X W 10% 12% 15% $190,922 $340,922 Total Reserves Excess Reserves $11,159 $20,000 $68,184 $1,000 $6,086 $9,129 Z
Rate % 10 15 20 25 303.0 $9.65067 $6.90582 $5.54598 $4.74211 $4.216043.5 9.88859 7.14883 5.79960 5.00624 4.490454.0 10.12451 7.39688 6.05980 5.27837 4.774154.5 10.36384 7.64993 6.32649 5.55832 5.066855.0 10.60655 7.90794 6.59956 5.84590 5.368225.5 10.85263 8.17083 6.87887 6.14087 5.677896.0 11.10205 8.43857 7.16431 6.44301 5.995516.5 11.35480 8.71107 7.45573 6.75207 6.320687.0 11.61085 8.98828 7.75299 7.06779 6.653027.5 11.87018 9.27012 8.05593 7.38991 6.992158.0 12.13276 9.55652 8.36440 7.71816 7.337658.5 12.39857 9.84740 8.67823 8.05227 7.689139.0 12.66758 10.14267 8.99726 8.39196 8.046239.5 12.93976 10.44225 9.32131 8.73697 8.4085410.0 13.21507 10.74605 9.65022 9.08701 8.7757210.5 13.49350 11.05399 9.98380 9.44182 9.1473911.0 13.77500 11.36597 10.32188 9.80113 9.52323…
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Please can you show me how to solve for P step by step thank you
A28
why is it 800,000-740,000 and not 800,000-720,000
46 46 12:08 F "0• 70% c2490339-93b6-4584-a6... Questions Compounding 1. Find compounded amount on Rs 10,000 for 3 years at 9% per annum of interest. 2. A certain sum amount to Rs 72900 in 2 years at 8% per annum compounded annually. Find the sum. 3. IfRs 7000 is invested today at a compound interest of 9%, what will be it's future value after 10 years? Discounting 1. Find the present value of Rs 25000 due in 6 years compounded annually at 12% per annum rate of interest. [(1.12)- 1.97382] 2. Find Present Value of Rs 1,20,000 due after 8 yearat 12% per annum rate of interest compounded annually. 3. What amount will Robin have to invest today to receive Rs 5,20,000 after 10 years compounded annually at the rate of 11% annually. 1/1 Rotate screen Fit screen Enter Browser ()
ces TPC 06-01 (Static) [LO 6-5] Company Y began business in February 2023. By the end of the calendar year, it had billed its clients for $3.5 million of services and had incurred $800,000 of operating expenses. As of December 31, it had collected $2.9 million of its billings and had paid $670,000 of its expenses. It expects to collect the remaining outstanding bills and pay the remaining expenses by March 2024. Company Y adopted a calendar year for federal tax purposes. It may use either the cash method or the accrual method of accounting on its first tax return, and it has asked you to quantify the value of using the cash method for the first year. In doing so, assume Company Y uses a 5 percent discount rate to compute NPV. Use Appendix A. Note: Round discount factor(s) to 3 decimal places, intermediate computations and final answers to the nearest whole dollar amount. Enter your answers in dollars not in millions of dollars. Accrual method: Income from billings Expenses incurred Net…
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