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- PROVIDE COMPUTATIONPharoah Corporation's charter authorized 2 million $11 par value common shares, and 300,000 8% cumulative and non-participating preferred shares, with a par value of $100 per share. The corporation made the following share transactions through December 31. 2023: 340,000 common shares were issued for $4.08 million and 11,000 preferred shares were issued for machinery valued at $1,559,000. Subscriptions for 11,300 common shares have been taken, and 40% of the subscription price of $17 per share has been collected. The shares will be issued when the subscription price is collected in full. In addition, 10,000 common shares have been repurchased for $16 and retired. The Retained Earnings balance is $220,000 before considering the transactions above. (a) Prepare the shareholders' equity section of the SFP in good form. PHAROAH CORPORATION Partial Statement of Financial Position $Help Save & Exit Submit The following data were reported by a corporation: Authorized shares 26,000 Issued shares 21,000 Treasury shares 6,500 The number of outstanding shares is: Multiple Choice 26,000.
- Additional Data: Average shareholders' equity Average number of shares outstanding Dividends paid O $17.95. O $2.00. O $18.76. O $19.66. Net Income Interest expense Average Total assets The EPS for WLL Ltd. is Common Preferred $1516000 $124000 104000 322000 52000 $2045000 $22700 $2598000 9430021- The following data were reported by a corporation: Authorized shares 26,000 Issued shares 21,000 Treasury shares 6,500 The number of outstanding shares is: Top of Form Multiple Choice 32,500. 21,000. 19,500. 26,000. 14,500.NAME: SCORE: SECTION: PROFESSOR: Problem #13 Share Issuances for Cash and Non-Cash Considerations On Jan. 1, 2018, the following accounts and their balances appeared in the ledger of Fuentes Corporation: Preference P9 Shares, P100 par, 10,000 shares authorized, 5,000 shares issued Share Premium-Preference P 500,000 80,000 Ordinary Shares, P20 par, 100,000 shares authorized, 75,000 shares issued Share Premium-Ordinary Retained Earnings 1,500,000 125,000 505,000 At the annual shareholders' meeting on Feb. 11, the board of directors presented a plan for modernizing and expanding plant operations at a cost of approximately P600,000. The plan provided (a) that the corporation borrow P175,000, (b) that 1,000 shares of the unissued preference shares be issued through an underwriter, and (c) that a building valued at P280,000, and the land on which it is located, valued at P50,000, be acquired in accordance with preliminary negotiations by the issuance of 15,000 ordinary shares. The plan was…
- im.3 answer must be in proper format or i will give down voteAuthorized stock represents the: number of shares that are currently held by stockholders. number of shares that have been sold. number of shares that have been repurchased by the corporation. maximum number of shares that can be issued.letter d and e
- Q. On August 1, 2018, Queen Corporation, a newly formed company had the following shares issued and outstanding: Preference Shares, P 50 par, 12,000 shares originally issued at P 65 Ordinary Shares, P 20 par, 25,000 shares originally issued at P 35 How should Queen shareholders' equity report the following? 1) Preference Share Capital 2) Ordinary Share Capital 3) Total Additional Paid in Capital 4) Total Contributed CapitalQuestion Content Area The charter of a corporation provides for the issuance of 115,018 shares of common stock. Assume that 35,485 shares were originally issued and 3,170 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $64,630 b. $35,485 c. $3,170 d. $115,018H7. The charter of a corporation provides for the issuance of 147,000 shares of common stock. Assume that 55,000 shares were originally issued and 11,500 were subsequently reacquired. What is the number of shares outstanding? a. 43,500 b. 55,000 c. 147,000 d. 11,500 Please show all step by step calculation