Hello I want to ask for help for numbers 50-54The question and choices in number 54 For the year 2020, how much should Dan recognize as compensation expense?A. 10,000B. 15,000C. 25,000D. 30,000Thank you! Lotal shareholders' equity on December 31, 20207MC52 Use the same information given in MC51.a.P6,294,000P6,270,000P6,265,000P5,520,000b.c.d.thezedHow much was theremaining cost of the treasury shares on December 31, 2020?P 51,000P 96,000P102,000P136,00000a.b.14,ryC.d.onndC53 On July 1, 2020, Tools Company granted share options to keyemployees for the purchase of 20,000 of the company's ordinashare capital at P25 per share.model used by the company, the fair value of each share optionon this date was P9.Based on an option-pricingThe options are intended to compensate employees for the eedtwo years. The options are exercisable within a four-year periodbeginning July 1, 2022 by grantees still in the employ of thecompany. The market price of Tools'ordinary share was P33 pershare at the date of grant. No share options were terminatedduring the year.How much should Tools charge to compensation expense for theyear ended December 31, 2020?P 45,000P 80,000P 90,000P160,000a.b.с.d.MC54 On January 1, 2020, Dan Corporation granted an employee anoption to purchase 3,000 shares of Dan's P5 par value ordinaryshare at P20 each. The option became exercisable on December31, 2022. The option was exercised on January 10, 2023.January 1, 2020 - P30; December 31, 2020 – P50; January 10,2023 - P45.The market prices of Dan's share capital were as follows:The company cannot reliably determine the fair value of theshare option, so it decided to use the intrinsic value method.173CestDece On the s ame date, 40,000d.at theMCMC50 On December 29, 2019, Bay Company wasordinary share of P100 par value.shares were sold and issued at P105 per share.On May 14,On September 15, 2020, 400share capital at P110 per share.of P200,000.What is the total shareholders' equity of Bay on Decembe a2020?P10,602,000P 4,820,000P 4,802,000P 4,352,000a.b.с.d.MC51 The capital accounts of Kay, Inc. on December 31, 2019 were asfollows:P 400,000160,0004,000,000600,000360,000Preference Share Capital, P20 par, 20,000 sharesShare Premium – PreferenceOrdinary Share Capital, P80 par, 50,000 sharesShare Premium - OrdinaryRetained EarningsDuring the year ending December 31, 2020, the followingsummarizes the transactions affecting the shareholders' equity:April 301,000 preference shares were retired at P25 per share.2,000 treasury shares were purchased at P85 pershare.June 15A 2-for-1 share split of the company's ordinary sharewas declared.June 30July 31800 treasury shares were reissued at P50pershare.Dec. 31Profit for 2020 was P900,000.172

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Securities and Exchange Commissi ordinary share of P100 par value. shares were sold and issued at P105 per share. On the same date, 40,000 MC50 On December zed On May 14, 2020, the corporation purchased 600 shares of its ordinary share capital at P110 per share. On September 15, 2020, 400 treasury shares were sold at P95. During 2020, the corporation realized a profit after tax of P830,000 and paid a cash dividend of P200,000. What is the total shareholders' equity of Bay on December 31, 2020? P10,602,000 P 4,820,000 P 4,802,000 P 4,352,000 a. b. c. d.

Securities and Exchange Commissi ordinary share of P100 par value. shares were sold and issued at P105 per share. On the same date, 40,000 MC50 On December zed On May 14, 2020, the corporation purchased 600 shares of its ordinary share capital at P110 per share. On September 15, 2020, 400 treasury shares were sold at P95. During 2020, the corporation realized a profit after tax of P830,000 and paid a cash dividend of P200,000. What is the total shareholders' equity of Bay on December 31, 2020? P10,602,000 P 4,820,000 P 4,802,000 P 4,352,000 a. b. c. d.

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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