Problem 6. The following data were taken from T'boli Corporation as of 31 December 20B: Ordinary Share - Authorized to issue 10,000 shares at P100 par value per share. Issued 6,000 shares Subscribed Share Capital Subscription Receivable-Ordinary Share Premium 4,000 Accumulated Profits (Losses): Beginning Ending P1,000,000 600,000 100,000 50,000 P150,000 250,000 The only change in Accumulated Profits (Losses) is accounted for profit. Required: 1. Compute Book Value Per Share 2. Compute Basic Earnings Per Share

Problem 6. The following data were taken from T'boli Corporation as of 31 December 20B: Ordinary Share - Authorized to issue 10,000 shares at P100 par value per share. Issued 6,000 shares Subscribed Share Capital Subscription Receivable-Ordinary Share Premium 4,000 Accumulated Profits (Losses): Beginning Ending P1,000,000 600,000 100,000 50,000 P150,000 250,000 The only change in Accumulated Profits (Losses) is accounted for profit. Required: 1. Compute Book Value Per Share 2. Compute Basic Earnings Per Share

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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Subject-accounting
Problem 6: Treasury Shares year 20x1: Valientes Corporation reported the shareholders. Equity at the beginning of the Ordinary share, P10 par, outstanding 225,000 shares Share Premium Retained Earnings 2,250,000 1,500,000 2,000,000 During the year, the entity had the following treasury shares transactions: Acquired 10,000 treasury shares for P500,000. Sold 5,000 treasury shares at P60 per share - Sold 2,000 treasury shares at P45 per share. Required: a. Prepare the journal entries b. Prepare the shareholders' equity at the end of the year
Calculate basic and diluted EPS for the shareholders of company X. Company X reported earnings were 55.000.000 EUR of which 5.000.000 was attributable to minority shareholders. At the beginning of the period the company had 20.000.000 common shares outstanding. At the beginning of the fourth quarter the company issued new shares and the number of common shares outstanding increased to 24.000.000 Total amount for preferred dividends accounted for 8.000.000 EUR. Preferred shares are convertible to 5.000.000 common shares.
Problem 5. Presented below is the Shareholders' Equity of Iligan Water Spring Resort Corporation: Authorized to issue 5,000 shares at par value of P100. Issued 4,000 shares of which 100 shares are in the treasury 400,000 10,000 180,000 10,000 Share Premium Retained Earnings (of which of P100,000 represents profit) Less: Treasury Shares at Cost Required: 1. Compute Book Value Per Share 2. Compute Basic Earnings Per Share
Thunder Yard's total stockholders' Equity is P5,600.000, comprised of the following: • P1,000,000 in 8% cumulative preferred stock consisting of shares of P100 par value • P1,800,000 in Ordinary Shares of P5 par value per share issued at P8 • P1,600,000 in additional Paid in capital P1,200,000 in retained earnings There is a Dividend in Arrears for 2 years 1. Compute for Number of shares of Preferred Stock 2. Compute for Additional Paid In Capital: Preferred Stock 3. Book Value Per Share Ordinary Shares (Round-off Answer to two decimal places)
Please show your solution in good accounting form. Thank you! Book value per share The shareholders’ equity of DEF Corporation on December 31 of the current year is shown below. Dividends are in arrears for two years. 6% Preference Share Capital, ₱100 par, 10,000 authorized, issued 6,000 shares ₱ 600,000 Ordinary Share Capital No-par, ₱25 stated value, authorized 20,000 shares; issued 10,000 shares of which 1,000 shares are in the treasury 250,000 Share Premium – Ordinary, no-par 46,000 Share Premium – Preference 30,000 Accumulated Profits 132,000 Appropriated for Plant Expansion 35,000 Appropriated for Treasury Shares 30,000 Treasury Shares – ordinary no-par, 1,000 sh. at cost 30,000 Requirements: Compute for the book value per share for: Compute for the outstanding shares Compute the amount of the outstanding shares Compute the excess over par Compute for the book value per share
How much will be the total shareholders' equity from the following: 6% Preference shares, P50 par, 10,000 shares authorized, 6,000 shares issued. Ordinary shares, P10 par, 80,000 shares authorized, 50,000 shares issued. Ordinary Share Premium - P120,000 Paid-in capital in excess of par, preference shares - P90,000 Retained earnings, Beg. Balance - P86,000 Net income for the year - P145,000 Cash dividend declared and paid -P70,000 Treasury Stock, 350 Ordinary shares, at Cost - P8,400
Compute the book value per 8% preference share
What are the adjusting entry in this problem?
11. Use the following information for the next two (2) questions: Over Company showed the following balances: Share capital authorized P100 par, 50,000 shares 5,000,000 Share capital unissued, 20,000 shares 2,000,000 Subscribed share capital, 10,000 shares 1,000,000 Treasury shares (5,000 at cost) 600,000 Share premium 500,000 Retained earnings 1,500,000 Market value of shares: On declaration 140 On issuance date 150 What amount is deducted/debited to retained earnings account assuming the Board of Directors declared a share dividend from unissued share capital of one share for each ten shares outstanding? Group of answer choices 350,000 525,000 560,000 490,000