The accounts shown below appear in the December 31, 2022 trial balance of BFARCorporation:Preference Share Capital, issued P100 parOrdinary Share Capital, issued P20 parSubscription Receivable, Preference (collectible in 2 years)Subscription Receivable, Ordinary (collectible in 2 years)Subscribed Preference Share CapitalSubscribed Ordinary Share CapitalShare Premium - OrdinaryShare Premium - PreferenceTreasury share capital, Ordinary, at costAccumulated Profits - Appropriated for bond retirementAccumulated Profits - Unappropriated (adjusted)Profit for the year is P2,000,000.Compute the Total Contributed Capital.10,400,0005,000,000680,000860,000600,000540,0001,000,0002,860,0002,000,0005,000,000700,000

The question has asked to compute the total contributed capital of BFAR Corporation. The…

Answered: The accounts shown below appear in the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Here is the trial balance of MAEMBE Ltd as at 30 April 2024 DR CR TZS TZS Share capital: authorised and issued 200,000.0 Stock as at 30 April 2023 102,994.0 Debtors 227,219.0 Creditors 54,818.0 8% debentures 40,000.0 Fixed assets replacement reserve 30,000.0 General reserve 15,000.0 Profit and loss account as at 30 April 2023 12,411.0 Debenture interest 1,600.0 Equipment at cost 225,000.0 Motor vehicles at cost 57,200.0 Bank 4,973.0 Cash 62.0 Sales 880,426.0 Purchases 419,211.0 Returns inwards 18,400.0 Carriage inwards 1,452.0 Wages and salaries 123,289.0 Rent, business rates and insurance 16,240.0 Discounts allowed 3,415.0 Directors’ remuneration 82,400.0 Provision for depreciation at 30 April 2023: Equipment 32,600.0 Motor vehicles 18,200.0 TOTAL 1,283,455.0 1,283,455.0 Given the following information as at 30 April 2024, draw up a profit and loss account and balance sheet for the year to that date: (i) Stock TZS 111,317. (ii) The share…
Note: RP AND IDR The book I use: Intermediate Accounting, Kieso, ifrs Edition, Fourth Edition Questions in image
The equity section of Windsor SA appears below as of December 31, 2022. Share capital-preference (6% preference shares, R$50 par value, authorized 94,600 shares, outstanding 84,600 shares) Share capital-ordinary (R$1 par, authorized and issued 10,000,000 shares) Share premium-ordinary Retained earnings Net income Earnings Per Share: Income from continuing operations Discontinued operations, net of tax R$125,960,000 Net income 31,020,000 R$ R$4,230,000 Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$11,280,000 (before tax) as a result of discontinued operations. Preference dividends of R$253,800 were declared and paid in 2022. Dividends of R$ 940,000 were declared and paid to ordinary shareholders in 2022. 10,000,000 Compute earnings per share data as it should appear on the income statement of Windsor SA. (Round answers to 2 decimal places, e.g. 1.48.) 19,270,000 156,980,000 R$190,480,000
Required: How much is the Ordinary Share Capital at year end?* How much is the Preference Share Capital at year end?* How much is the TOTAL subscribed share capital (assuming subscriptions receivable is collectible on January 5, 2022)?*
A Company issued $5,00,000/- new capital divided into $.10/- shares at a premium of $4/- per share payable as On Application $1/- per share On Allotment $4/- per share & $.2/- premium On Final Payment $.5/- per share & $.2/- premium Overpayments on application were to be applied towards sum due on allotment. Where no allotment was made money was to be returned in full. The issue was oversubscribed to the extent of 13,000 shares. Applicants for 12,000 shares were allotted only 1,000 shares and applicants for 2,000 were sent letters of regret. All money due on allotment and final call was duly received. Make the necessary entries in the company‟s book.
3. How much is the TOTAL subscribed share capital (assuming subscriptions receivable is collectible on January 5, 2022)? 4. How much is the TOTAL share premium?

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS