Quadrant Corporation paid dividends of P2,000,000 and P3,000,000 at the end of 2019 and 2020, respectively. The corporation has not paid any other dividends since its organization on January 1, 2019.  The outstanding shares are 200,000, 12% preference shares, par P100 and 300,000 ordinary shares, par P100.  If the preference shares are cumulative but nonparticipating, ordinary shareholders will receive in 2020

Q: Ordinary Share Capital (5,000 shares, P100 par value) Share Premium (purely issuance) Accumulated…

A: The Accumulated profits or retained earnings are decreased with declaration of dividend. The…

Q: At the beginning of 2019, ABC Corporation had retained earnings of P 3,000,000. Throughout the year,…

A: Retained earning means amount of profit remain after all the adjustment of expense and various…

Q: Sandhill, Inc. has $500,000, $0.50, no par value preferred shares (50,000 shares) and $1,000,000 of…

A: Solution: (a). Non-cumulative and non-participating  preferred ($)  common ($)  total ($)…

Q: J Corporation issued 400,000 ordinary shares when it began operations in 2019 and issued an…

A: The company can raise funds by various methods. Some of them are, by way of issuing common stock,…

Q: Crane Company had 295000 shares of common stock issued and outstanding at December 31, 2020. During…

A: Earnings per common share means net income or earning attributable for each common shareholder.

Q: At the beginning of 2019, Cookie Corporation had retained earnings of P 3,000,000. Throughout the…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: On December 31, 2021, EOS Co.'s shareholders' equity consisted of the following: 8%, cumulative…

A: Preference Share: - A share that entities the holder to a fixed dividend, whose payment takes…

Q: Concord Corporation has 6500 shares of 5%, $100 par value, cumulative preferred stock and 13000…

A: Annual dividend to preferred stock=No. of share×Par value×5%=6500×$100×5%=$32,500

Q: On April 1,2020, ABC Corporation, a newly formed company, had the following shares issued and…

A: Legal Capital is that part of the equity stock owners who are not allowed to liquidate their…

Q: Ordinary Share Capital, P20 par. Share Premium. P8,000,000 2,400,000 1,275,000 Retained Earnings.…

A: when companies purchase its own share from the stock market it is called buy back. Buyback allows…

Q: Fancher Company has a single class of common stock and a single class of cumulative preferred stock.…

A: Dividend is the amount which is to be paid to the stock holders of an entity. The stockholders may…

Q: Blossom Corporation was organized on January 1, 2019. During its first year, the company issued…

A: A dividend is that portion of the company's profits and retained earnings that the entities are…

Q: 121 par value Crane, Inc. has 11400 shares of 5%, £100 par value, noncumulative preference shares…

A: Preference shareholders carry the preferential right of payment of dividends and capital over common…

Q: Yossarian Corporation has a single class of common stock and a single class of cumulative preferred…

A: Stock (Common stock and preferred stock): These are the two types of share capital of the company.…

Q: BFAR Corp. maintains the following equity balances throughout the years 2020 and 2021: . 10%…

A: Dividends: The portion of the company's profit distributed among the shareholders or investors of…

Q: Aylmer follows IFRS   On December 31, 2021 the company declared a dividend of $0.23 per share for…

A: Journal entry is the modern method of accounting in which all business transactions are recorded in…

Q: On December 31, 2023, Contreras Corp. has 1,500 shares outstanding of $20 par value 6% preferred…

A: As per IAS 33, Earnings per share  In case of cumulative Preferred Dividend the arrears of dividend…

Q: Rachel's Designs has 1,700 shares of 5%, $50 par value cumulative preferred stock issued at the…

A: The preference shareholders receive the dividend before the common Stockholders. The cumulative…

Q: The shareholders' equity section of Charles Corporation at December 31, 2018 included the following:…

A: Preferred dividends are the dividends that are accrued paid on a company's…

Q: Swifty Corporation, has 14100 shares of 4%, $100 par value, cumulative preferred stock and 61000…

A: Cumulative preference shares are those shareholders whose dividend has been accumulated and paid in…

Q: The shareholders' equity of Naruto Corporation as of March 1, 2020 is presented below: Ordinary…

A: Dividend is the amount paid by a company to its shareholders when they earn a good amount of profit…

Q: On April 1,2020, TJH Corporation, a newly formed company, had the following shares issued and…

A: Total Legal capital + Common stock, par + Preferred stock, par Total Shareholders' equity = Common…

Q: On December 31, 2020, BFAR Corp. has 5,000, 6% cumulative and non-participating preference shares…

A: Dividends are paid in two types Stock dividends and Cash dividends. Stock dividend means a payment…

Q: In 2021, XYZ Corporation, acquired 3,000 shares of its P20 par value ordinary share capital at P72…

A: Treasury stocks are reacquired shares by the company. These treasury shares can be the issued in…

Q: ABC Company paid dividends of P400,000 and P600,000 at the end of 2020 and 2021, respectively. The…

A: Formula: Preferred dividend = Total Preference shares x PAR Value x Preferred rate.

Q: Outstanding stock of the Sheridan Corporation included 41400 shares of $5 par common stock and 9600…

A: Lets understand the basics. Non cumulative preference share is a preference share on which dividend…

Q: In 2020, ION Corporation issued 50,000 shares of P10 par value for P100 per share. In 2021, the…

A: Reacquisition of shares means when shares of the company are being repurchased or reacquired by the…

Q: ABC Company had 100,000 of P 15 par value ordinary shares on January 1,2019. During 2019, the…

A: Treasury shares are those shares which are being repurchased by the business from the open market…

Q: Stampede Inc. (SI) is a public company. On January 1, 2020, 65,000 common shares were issued and…

A: Earnings per Shares - Earnings per shares is the calculated by dividing net income to outstanding…

Q: On December 31, 2021, EOS Co's shareholders' equity consisted of the following: 8%, cumulative…

A: Book Value Per Share (BVPS) refers to the per-share value of equity on an accrual accounting basis…

Q: Dakota Corporation had the following shareholders' equity account balances at December 31, 2018:…

A: Common stock- Individuals who own common stock have a claim on profits (dividends) and the ability…

Q: The Shareholders’ Equity of Purple Corporation showed the following: Ordinary Share capital, P 10…

A: Solution : Cost per share issued = (P9,000,000 + P2,700,000) / 900000 = P13 per share Purchase price…

Q: he Gangnam Company began operations in January 2019 and reported the following results for each of…

A: calculation of book value of ordinary share are as follows

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.