PROBLEM 1: ETC Co. has been paying regular semi-annual dividends to its shareholders. The following are the company's equity transactions: 1.1 The company has 1,800,000 shares issued and outstanding; total shares authorized is 3,000,000 shares; the par is P2 per share. 4.15 Isued 100,000 new shares at P5 per share. 5.20 Reacquired 200,000 shares at P8 per share. 6.30 Paid dividend of P2,550,000. 10.13 P2 M of P1,000 bonds were converted into ordinary share at the rate of 50 shares of stock per P1,000 bond. 11.11 Reissued 100,000 shares from the treasury at P6 per share. 12.16 Issued an 11% share dividend. 12.31 Paid semi-annual dividends. The dividend per share is the same as that paid in the first semi-annual period. 1. The dividend per share paid on June 30. 2. The amount of dividend to be paid in the December 31, in order to pay the same dividend rate as that paid in the previous semi-annual period

PROBLEM 1: ETC Co. has been paying regular semi-annual dividends to its shareholders. The following are the company's equity transactions: 1.1 The company has 1,800,000 shares issued and outstanding; total shares authorized is 3,000,000 shares; the par is P2 per share. 4.15 Isued 100,000 new shares at P5 per share. 5.20 Reacquired 200,000 shares at P8 per share. 6.30 Paid dividend of P2,550,000. 10.13 P2 M of P1,000 bonds were converted into ordinary share at the rate of 50 shares of stock per P1,000 bond. 11.11 Reissued 100,000 shares from the treasury at P6 per share. 12.16 Issued an 11% share dividend. 12.31 Paid semi-annual dividends. The dividend per share is the same as that paid in the first semi-annual period. 1. The dividend per share paid on June 30. 2. The amount of dividend to be paid in the December 31, in order to pay the same dividend rate as that paid in the previous semi-annual period

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

The equity account for company A is Common shares ($1.00 par value)- 10,000,000 Additional Paid in capital- $50,000,000 Retained Earnings- 125,000,000 Treasury shares at cost -1,000,000 Net common equity- 186,000,000 Company had Earnings of $21,000,000 this hear and they have 12,000,000 shares outstanding and will pay a dividend of $1.00 per share. What are the Retained earnings for the year and the new value of Retained earnings account?
(2)
(11)
Find the EPS, P/E ratio, and dividend yield of a company that has six million shares of common stock outstanding (the shares trade in the market at $30), earns 12% after taxes on annual sales of $80 million, and has a dividend payout ratio of 35%.
(12)
Problem 2. On January 1 Weiss Corporation had 75,000 shares of $0.5 par value common stock issued and outstanding. During the year, the following transactions occurred. Apr. 1 Issued 8,000 additional shares of common stock for $11 per share. June 15 Declared a cash dividend of $1.50 per share to stockholders of record on June 30. Paid the $1.50 cash dividend. July 10 Dec. 1 Issued 4,000 additional shares of common stock for $12 per share. 15 Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31. Instructions (a) Prepare the entries for the above transactions. (b) How are dividends and dividends payable reported in the financial statements prepared at December 31?
MAKE A JOURNAL ENTRY FOR EACH TRANSACTION
The Phibbs Company paid total cash dividends of $200,000 on 25,000 outstanding common shares. On the most recent trading day, the common shares sold at $80. What is this company's dividend yield? Multiple Choice 25% 6.4% 16.9% 10% X
Questions: 1. Price-earnings ratio 2. Dividend payout ratio 3. Dividend yield ratio
7. Book value per share 8. Working capital
YLD NET VOL PE 100s CLOSECHG BiminiMtg 1.99e 217 5 1575 9.17 0.12 BiomdRityTr 1.08 4.4 55 4250 24.30 -0.10 24 16514 24.83 1.10 WE Biovail 50p BisysGp If BlackDeck 1.12 26 6970 14.22 0.21 *** 1.3 13 9554 87.89 0.93 BlackHills 1.28 BikRk A 1.20 3.6 45 3350 35.25 0.64 0.52 901109 BlockHRs.50 2.0 14 31753 24.45 -0.10 1.1 34 dd 16535 3.73 -0.02 52-WEEK HI LO STOCK (DIV) 16.13 8.65 26.06 19.39 27.28 13.74 16.71 12.44 93.71 75.70 44.63 29.19 113.87 69.38 30 22.99 10.65 3.19 Bikbstr A.06) 10.18 2.96 Blkbstr B.04e 19.60 14.60 Blountint W 11.41 8.45 BISqlsrael 52e 4.7 Bluegreen 24.75 12.10 11 www 18.25 8.25 BluelinHidgs 50 4.4 18 33.84 17.704Blyth .46f 2.2 11 19.51 17.58 BdwikPipePtar 72.40 49.52 18 11.50 A 1.2 1618 3.39 0.06 1852 16.66 0.73 22 10.96 0.62 3646 16.70 0.90 791 11.39 0.14 1848 20.69 -0.26 2168 18.64 0.66 1.7 25 49135 70.44 0.20 ww www. *** 6.59 2.67 dd *** Boeing 1.20f BoisDArcEngy n Bombay BordersGrp 40f 19 16 BorgWarner 641 1.0 15 27.27 19.85 BostBeer 23 422 24.95 -0.05 76.67…
(5)