Problem 4. On December 31, 2022, the stockholders' equity section of the balancesheet of the X Co. was as follows:Capital stock6% preference, P100 parOrdinary shares, P100 parRetained earningsP100,000900,000P1,000,000FreeAppropriated for contingenciesAppropriated for construction ofbuilding200,000100,000100,000400,000P1.400.000Additional information: No dividends have been declared for the last five years. Duringthe year, a P180,000 cash dividend was declared.Required: Compute the dividend per share for the preference and the ordinaryshareholders under each of the following cases: The preference shares are...a. non-cumulative and non-participatingb. cumulative and non-participatingc. non-cumulative and participatingd. cumulative and participatinge. cumulative and participating up to 10%.

A non cumulative and non participating preference shareholder does not get…

Answered: Problem 4. On December 31, 2022, the…

Business

Accounting

Problem 4. On December 31, 2022, the stockholders' equity section of the balance

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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1. Using the information provided below, what is the share premium balance on December 31, 2021? The following are Lyca Company's equity accounts at December 31, 2020: • Ordinary share capital, par value P10; authorized 200,000 shares; issued and outstanding 120,000 shares. ............... P1,200,000 • Share premium........ ............... 180,000 • Retained earnings................ .............................. 720,000 . Lyca Company uses the cost method of accounting for treasury shares. The following transactions occurred in 2021: - Acquired 8,000 ordinary shares for P144,000. - Sold 6,500 treasury shares at P20 per share - Retired the remaining treasury shares a. P117,000 b. P168,000 c. P181,000 d. P193,000
D. The stockholders' equity section of SKSU Corporation's balance sheet on December 31, 2019: Common stock, P10 par value; authorized 1,500,000 shares; issued and outstanding 900,000 shares Additional paid-in capital Retained earnings Total stockholders' equity P9,000,000 750,000 2,700,000 P12,450,000 Transactions during 2020 and other information relating to the stockholders' equity accounts were as follows: On January 26, SKSU reacquired 75,000 shares of its common stock for P11 per share. On April 4, SKSU sold 45,000 shares of its treasury stock for P14 per share. On June 1, SKSU declared a cash dividend of P0.95 per share, payable on July 15, 2020 to stockholders of record on July 1, 2020. On August 15, each stockholder was issued one stock right for each share held to purchase two additional shares of stock for P12 per share. The rights expire on October 31, 2020. On September 30, 150,000 stock rights were exercised when the market value of the stock was P12.50 per share. On…
See image. CHOICES:a. P905,000 b. P895,000 c. P915,000 d. P900,000
D. 6. Using the data below, How many shares of preference share capital were issued during 2019? * The shareholders' equity of Bamboo Corporation at the end of 2019 and 2018 is as follows: Preference share capital, P 100 par Ordinary share capital, P 20 par Preference share premium Ordinary share premium Retained earnings 2019 P 1,000,000 2,000,000 16,000 4,350,000 2018 P 600,000 1,800,000 3,750,000 80,000 180,000 Your answer 7. Using data in no. 6, at what average price was the preference share capital issued during 2019? * Your answer 8. Using data in no. 6, assuming no other transactions affected the Retained Earnings except for the result of the corporation's operations, how much is the 2019 profit (net loss)? * Your answer
1. Determine the total retained earnings as of December 31, 2020. choices: 780,000 858,000 580,500 730,500 2. Determine the total share premium as of December 31, 2020. 8,396,950 8,419,450 8,402,800 8,219,650
Problem 1. The stockholders' equity section of Kookie Co. revealed the following information on December 31, 2022. Preference stock, P50 par Share premium – preference Ordinary stock, P15 par Share premium – ordinary Subscribed ordinary stock Retained earnings 2,300,000 805,000 5,250,000 2,750,000 150,000 1,900,000 400,000 Subscriptions receivable – ordinary (collectible next month) Required: Answer the following questions with supporting computations: 1. How much is the legal capital? 2. How much is the total paid in capital? 3. What is the amount of the stockholders' equity on 12/31/2022? 4. How many preference shares were issued? 5. How many ordinary shares were subscribed?
This is part three of the same question I submitted
a. P128.00 b. P129.70 c. P130.00 d. P131.70 e. answer not given
A9
G. The stock holders' equity section of the statement of financial position of Calubcub Company at December 31, 2019, is given below: Stock holders' equity: Commons stock, P10 par value. 200,000 shares authorized, 80,000 shares issued and outstanding Premium on Ordinary share capital 800,000 400,000 P 1,200,000 2,500,000 P 3,700,000 P Total paid in capital Retained earnings Total stockholders' equity
1. Determine the amount of the ordinary share capital at the end of 2021. 2. Total share premium account by the end of December 31, 2021 is?3. The amount to be added/deducted to retained earnings as a result of the equity swap is?
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