PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018.
Q: bottlebrush company has operating income of $225,675 , invested assets of $295,000 and sales of…
A: Return on investment is a term that represents the return a company gets on the investment it made…
Q: EG Corporation granted restricted stock units (RSUS) representing 32 million of its $1 par common…
A: RSU stands for "restricted stock unit." An RSU is a form of equity compensation that is commonly…
Q: Problem On April 23, 2022, Auk Corporation acquires 100% of the outstanding stock of Amazon…
A: Acquisition is a process of acquiring one company by the another company. The reason for the…
Q: Assume that a company provided the following cost formulas for three of its expenses (where q refers…
A: Activity variance is computed as = Planning budget amount - Flexible budget amount Planned budget…
Q: Prepare a March 31, 2023 balance sheet (in the proper format) for Wood Shinning Vending Servicefrom…
A: financial statements are a critical or important tool for evaluating the financial health of a…
Q: On January 1, 2020, the dental partnership of Angela, Diaz, and Krause was formed when the partners…
A: Partnership is the relation between two or more person, it has the following characteristics They…
Q: A s s e t V a l u a t i o n M o d e l s f o r M e r g e r s a n d A c q u i s i t i o n…
A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…
Q: 1. In May 20x6, Caso Co. filed suit against Wayne, Inc. seeking P1,900,000 damages for patent…
A: A contingent asset is a possible asset that arises from a past event and its existence will be…
Q: If, on December 31, 2022, supplies on hand were $33, the adjusting entry would contain a: Odebit to…
A: The supplies expense represents the amount of supplies used during the period. The adjustment…
Q: Payroll for the month of May is as follows: • FICA Social Security tax rate at 6.2% FICA Medicare…
A: Net pay is an employee's earnings after considering all deductions
Q: Accounting Sigma Corporation is authorized to issue 10,000,000 shares of $5 par value capital…
A: The total paid in capital includes the value of shares issued by the organisation. It includes par…
Q: Using the following accounts, complete all journal entries: Accounts Receivable Allowance for…
A: Allowance for doubtful accounts is one of the provision maintained for uncollectible or doubtful…
Q: AirQual Test Corporation provides on-site air quality testing services. The company has provided the…
A: The flexible budget performance report is prepared to find the revenue and spending and activity…
Q: Laker Company reported the following January purchases and sales data for its only product. The…
A: Using FIFO method, the older inventory is sold first. The cost of goods sold is recorded with sales…
Q: Macee Store has three operating departments, and it conducts advertising that benefits all…
A: Advertising cost is the amount of cost incurred by the entity on the advertisement of the goods or…
Q: Osprey Cycles, Inc., projected sales of 69,359 bicycles for the year. The estimated January 1…
A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…
Q: Tao Company has fixed costs of $886,220 Its single product sells for $490 per unit, and variable…
A: Variable costs are costs that varies with the change in the level of output whereas fixed costs are…
Q: On November 1, 2022, an advance rent payment of $15,000, representing a six-month prepayment (for…
A: As per dual concept of accounting, every transaction has dual impact on the books of accounts.…
Q: (To record accrual of interest from First National Bank) (To record accrual of interest from Lyon…
A: Note payable means the instrument which is issued by company acknowledging the debt due by company…
Q: Bramble Corp, budgeted manufacturing costs for 50000 tons of steel are as follows: Find…
A: Lets understand the basics. Management prepare budget in order to estimate future profit and loss…
Q: Exercise 9-5 (Algo) Departmental expense allocations LO P2 Renata Company has four departments:…
A: The process to distribution of cost to different department on appropriate basis are called…
Q: Following Trial Balance has been extracted from the books of Lexounde Ltd. as on 31 December 2019:…
A: Adjusted trial balance is prepared after the adjustment entries which incorporates the adjustment…
Q: The work-in-process account for Department #2 for the month of December of the current year is…
A: Work in process - WIP means the goods are partially completed still not finished. It means goods are…
Q: At December 31, 2022, Flounder Company reported the following as plant assets. Land Buildings Less:…
A: Journal Entry - Journal entry is the recording of business transaction in books of account, this is…
Q: Williams-Santana, Inc., is a manufacturer of high-tech industrial parts that was started in 2009 by…
A: The books of accounts maintained by the company may sometimes have errors due to mistakes made by…
Q: Jillet Corporation began the year with inventory of 10,000 units of its only product. The units cost…
A: 1.) Compute the cost of ending inventory.
Q: Below are the accounts and balances drawn from the records of Cowboy Ice Cream Company at the end of…
A: Financial Statements - Financial Statements includes Income Statement, Statement of changes in…
Q: Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products…
A: The overhead is applied to the production on the basis of pre-determined overhead rate. The units…
Q: Thermal Rising, Incorporated, makes paragliders for sale through specialty sporting goods stores.…
A: The customer margin is calculated as difference between revenue and expenses that related to the…
Q: P5-5B. Journalizing inventory purchases, sales, returns, and freight transactions using the…
A: Journal Entries - Journal Entries are the records of the transactions entered into by the company.…
Q: Ending inventory Depreciation expense December 31, 2020 $14,900 overstated $23,200 understated Total…
A: Accounting errors refers to unintentionally error made by the accountant while recording, posting or…
Q: 7 Fast Wire Incorporated manufactures a scrambling device for cellular phones. The main component of…
A: Financial productivity ratio is calculated by dividing the number of units manufactured with the…
Q: atement and balance sheet under the assumption that the plane had idance. The company's tax rate is…
A: Income statement (IS) is the statement which states the position at the end of the fiscal year or…
Q: WE NEED ALSO WITH FORMULA SOLUTION THIS ABOVE QUESTION IN EXCEL
A: Ratio analysis is used to evaluate relationships between financial statement components. The ratios…
Q: Prepare a December 31, 2023, balance sheet for Long Print Shop from the following: cash, $42,500;…
A: Balance Sheet :— It is one of the financial statement that shows list of final ending balances of…
Q: Required: A number of costs of the center and the Meals-On-Wheels program are listed below. For each…
A: Cost is the amount which incurred on the production of a product it may be of any type such as:-…
Q: 1. 2. 3. 4. 5. Current Attempt in Progress Comparative balance sheets for Waterway Company are as…
A: Business activities are defined as those events that result from the workings of an entity in order…
Q: 40 2010040 Aztec Industries produces bread whi goes through two operations, Mixing and activities…
A: Overhead costs are an important consideration for any business, and effective management of these…
Q: Hardyke Group operates a local after-school recreation and activities program. The Education…
A: The transfer price is a mechanism employed in those entities that have multiple divisions and…
Q: Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has…
A: Total product cost is the combination of direct material cost, direct labor cost and manufacturing…
Q: End of fiscal year 2022, John Co. had the following balances: Raw materials inventory: $45,500…
A: SCHEDULE OF COST OF GOODS MANUFACTURED Schedule Of Cost Of Goods Manufactured are those Cost Which…
Q: Creative Sound Systems sold investments, land, and its own common stock for $40 million, $16…
A: Cash flow statement :— It is one of the financial statement that shows change in cash and cash…
Q: Explain the concept of accounting for pensions and other post-employment benefits and the methods…
A: Accounting for pensions and other post-employment benefits is a critical aspect of financial…
Q: Isaac Inc. began operations in January 2021. For some property sales, Isaac recognizes income in the…
A: Taxable income is the income which is used to calculate the amount of tax that needs to be paid by…
Q: On May 10, Cullumber Company sold merchandise for $3,600 and accepted the customer's Best Business…
A: JOURNAL ENTRIES Journal Entry is the First stage of Accounting Process. Journal Entry is the Process…
Q: Finch Company began its operations on March 31 of the current year. Finch has the following…
A: The cash expenses are recorded during the month when they are actually paid. The depreciation is non…
Q: Income statements for Thornton Company for Year 3 and Year 4 follow. THORNTON COMPANY Income…
A: Horizontal analysis is the one which is prepared by the entity for the purpose of analyzing the…
Q: A loan of $1060 was repaired at the end of 12 months with a check for $1075. what annual rate of…
A: This question is related to calculating the annual rate of interest charged on a loan based on the…
Q: Refer back to the original information. Blake has decided to add stadium blankets to his product…
A: Contribution margin is referred as the value which is calculated by subtracting variable cost…
Q: Chris Anderson, Sheffield & Daniel Fabricators' budget director, has received budget information…
A: Cash budget is one of the important budget being prepared in business. It shows all cash inflows and…
PPP Company provided the following shareholders’ equity on December 31, 2020:
1,000,000 | |
Ordinary share capital, P100 par | 4,000,000 |
Share premium | 2,000,000 |
1,000,000 |
Dividends have been paid on the preference share up to December 31, 2018.
Questions:
1. Assuming that the preference share is cumulative and nonparticipating, compute for the book value
per ordinary share.
2. Assuming that the preference share is cumulative and nonparticipating, compute for the book value per preference share.
Step by step
Solved in 3 steps
- LABAN Company provided the following shareholders’ equity on December 31, 2020:Preference share capital, 12% P100 par1,000,000Ordinary share capital, P1004,000,000Share premium2,000,000Retained Earnings1,000,000Dividends have been paid on the preference share up to December 31, 2017.Required:Compute the book value per ordinary share and per preference share under each of thefollowing conditions with respect to preference share:a) Cumulative and fully participatingb) Cumulative and fully participating after ordinary share receives 15%c) Cumulative and participating up to 16%d) Cumulative and non-participatinge) Noncumulative and non-participatingLABAN Company provided the following shareholders’ equity on December 31, 2020:Preference share capital, 12% P100 par1,000,000Ordinary share capital, P1004,000,000Share premium2,000,000Retained Earnings1,000,000Dividends have been paid on the preference share up to December 31, 2017.Required:Compute the book value per ordinary share and per preference share under each of thefollowing conditions with respect to preference share:d) Cumulative and non-participatinge) Noncumulative and non-participatingPPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is noncumulative and nonparticipating, compute for the book value per ordinary share. 2. Assuming that the preference share is noncumulative and nonparticipating, compute for the book value per preference share.
- PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is cumulative and fully participating, compute for the book value per ordinary share. 2. Assuming that the preference share is cumulative and fully participating, compute for the book value per preference share.Compute for the adjusted balances of the following as of December 31, 2019:1. Ordinary shares2. Preference shares3. Share premium- Ordinary shares4. Share premium- Preference shares5. Share premium- Treasury shares6. Total additional paid-in capital7. Total contributed capital8. Total stockholders’ equityWith computationsPPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is cumulative and participating up to 16%, compute for the book value per ordinary share. 2. Assuming that the preference share is cumulative and participating up to 16%, compute for the book value per preference share.
- The share price for A LTD at 1st July 2019 was $4.40 and at the 31st June 2020 was $5.17. you have collected the following per share dividend data for 2019 and 2020 $0.03, paid 31st March 2019 $0.04, paid 31st September 2019 $0.05, paid 31st March 2020 $0.06 to be paid 31st September 2020 determine the return on A LTD share for the year ending 30 December 2020Determine the book value of equity per share ($) before share dilution for CSR in 2021 based on RAW financials. (Round the numerical answer to 4 decimal places)PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is cumulative and fully participating after ordinary share receives 15%, compute for the book value per ordinary share. 2. Assuming that the preference share is cumulative and fully participating after ordinary share receives 15%, compute for the book value per preference share.
- Endless Company provided the following shareholder's equity on December 31, 2021: Preference share capital 12% P100 par 1,000,000 Ordinary share capital, P100 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2019. Required: Compute the book value per ordinary share and per preference share under each of the following conditions with respect to preference share: a. Cumulative and fully participating b. Cumulative and fully participating after ordinary share receives 15% c. Cumulative and participating up to 16% d, Cumulative and nonparticipating e. Noncumulative and nonparticipatingCOMPUTE AND SHOW YOUR COMPUTATION FOR THE ADJUSTED BALANCES OF THE FOLLOWING AS OF DECEMBER 31,2019. 3. SHARE PREMIUM- ORDINARY SHARES = 4. SHARE PREMIUM- PREFERENCE SHARES =The following information is available for entity RR:2021 2020Share price as at 31 December R9.05 R5.12Earnings per share for the year to 31 December R0.65 R0.38Dividend per share for the year to 31 December R0.17 R.30Required:a) i) calculate the P/E ratio and the dividend yield for RR at 31 December 2021 and comparative figures for 2020.ii) Analyse the financial information for RR from the viewpoint of an investor. b) Explain the limitations that would exist if you were to compare these ratios and market information for RR with that of an entity whose shares were listed on a stock exchange in a different country.