Problem 5. Musuan Agro-Industrial Corporation has an authorized share capital ofP2,000,000 with a par value of P100 per share. 8,000 shares were issued andoutstanding. A 10% share dividend is declared.Required: Answer the following questions:1. What is the journal entry to record both declaration and issuance of share dividends?

Stockholder Equity- Stockholder Equity refers to the organization's current equity ownership as…

Answered: Problem 5. Musuan Agro-Industrial…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 66P

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Required 1. Explain the transaction(s) underlying each journal entry (a) through (d). 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? 4. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $695,000?
Suppose a company declares a dividend of $0.50 per share. At the time of declaration, the company has 100,000 shares issued and 90,000 shares outstanding. On the declaration date, Dividends would be recorded for a. $0. b. $50,000. c. $45,000. d. $95,000.
4. A company has 500 shares with a price of JD 10 per share, and a net income available for common stocks of JD 1000. Required Find the P/E.
A. What amount should be reported as basic earnings per share? B. What amount should be reported as diluted earnings per share? Solution in proper accounting form.
Beacon Corporation issued a 3 percent stock dividend on 37,000 shares of its $7 par common stock. At the time of the dividend, the market value of the stock was $26 per share. Required a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of the stock dividend. Stock dividend Required >
Beacon Corporation issued a 8 percent stock dividend on 35,000 shares of its $7 par common stock. At the time of the dividend, the market value of the stock was $30 per share. Required a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. Complete this question by entering your answers in the tabs below. Required A Required B Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. (Enter any decreases to account balances with a minus sign.)…
A. What amount should be reported as basic earnings per share?B. What amount should be reported as diluted earnings per share?
Requirement 1. Compute AustinAustin Company's earnings per share for 20182018. Assume the company paid the minimum preferred dividend during 20182018. Round to the nearest cent. Select the formula, then enter the amounts to calculate the company's earnings per share for 20182018. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) ( - ) / = Earnings per share ( - ) / = Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Clear All Check Answer Data Table 2018 2017 Income Statement—partial: Net Income $6,660 $20,000 Dec. 31, 2018 Dec. 31, 2017 Balance Sheet—partial: Total Assets $200,000 $265,000 Paid-In Capital: Preferred Stock—9%, $6 Par Value;…
1. Shares in the ownership of the company. a. Stocks b. Bonds c. Dividend d. Coupon 2. The interest-bearing security which promises to pay amount of money on a certain maturity date as stated in the bond certificate. a. Stocks b. Bonds c. Dividend d. Coupon 3. A property holding declared a dividend of P9 per share for the common stock. If the common stock closes at P76, how large is the stock yield ratio on this investment? a. 27. 17% b. 27.07% c. 11.04% d. 11.84% 4. Suppose that a bond has a face value of P100,000 and its maturity date is 10 years from now. The coupon rate is 5% payable semi-annually. Find the fair price of this bond, assuming that the annual market rate is 4%. a. 108,412.43 b. 108,612.43 c. 108,512.43 d. 108,712.43 5. Measure of a portion of the stock market a. Value of the index c. stock market index d. dividend index 6. Investors are guaranteed interest payments and return of their money at maturity b. Change of the index date. a. Stocks b. Bonds c. Dividend d.…
13. How much should be the correct debit to retained earnings for the share dividends?
1. What amount should be reported as basic earnings per share?a. 6.00b. 5.50c. 5.00 2. What amount should be reported as diluted earnings per share?a. 6.88b. 6.11c. 5.24
10. At December 31, 2015, the records of Kosme Corporation provided the following: (see attached image for the given. please asnwer it. thank you so much!!) Direction:a. Give the number of shares authorized ___ issued ___b. Give the number of shares outstanding ___c. Give the amount of Additional-Paid-In capital. ___d. Give the earnings per share. ___ Round your answer to two decimal places.e. Amount of dividends paid during 2015. ___f Amount of treasury shares reported in the stockholders' equity ___g. Amount of free retained earnings on December 31. ___

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