The balance sheet of Kangaroo Company as of December 31 is presented below: Assets Cash Marketable Securities 2019 P 45,000 60,000 60,000 70,000 300,000 |(45,000) P490,000 2020 P 60,000 85,000 80,000 100,000 Accounts Receivable (net) Inventory Property, Plant and Equipment Accumulated Depreciation 300,000 (80,000) P545,000 Total Assets Liabilities and Shareholder's Equity Accounts Payable Short-term Notes Payable Bonds Payable Ordinary Shares Retained Earnings Total Liabilities and Shareholder's Equity 35,000 50,000 85,000 200,000 120,000 P490,000 45,000 50,000 75,000 225,000 150,000 P545,000 Ordinary shares have par value of P5.00 per share. In April 1, 2020, the Kangaroo Company issued additional shares as part of its funding plan.
The balance sheet of Kangaroo Company as of December 31 is presented below: Assets Cash Marketable Securities 2019 P 45,000 60,000 60,000 70,000 300,000 |(45,000) P490,000 2020 P 60,000 85,000 80,000 100,000 Accounts Receivable (net) Inventory Property, Plant and Equipment Accumulated Depreciation 300,000 (80,000) P545,000 Total Assets Liabilities and Shareholder's Equity Accounts Payable Short-term Notes Payable Bonds Payable Ordinary Shares Retained Earnings Total Liabilities and Shareholder's Equity 35,000 50,000 85,000 200,000 120,000 P490,000 45,000 50,000 75,000 225,000 150,000 P545,000 Ordinary shares have par value of P5.00 per share. In April 1, 2020, the Kangaroo Company issued additional shares as part of its funding plan.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Compute the following:
6. Assuming that there is a cumulative and participating
will affect the book value per share computation? Explain briefly.
Transcribed Image Text:Problem 1
The balance sheet of Kangaroo Company as of December 31 is presented below:
Assets
2019
2020
P 45,000
60,000
60,000
70,000
300,000
(45,000)
P490,000
P 60,000
85,000
80,000
100,000
300,000
(80,000)
P545,000
Cash
Marketable Securities
Accounts Receivable (net)
Inventory
Property, Plant and Equipment
Accumulated Depreciation
Total Assets
Liabilities and Shareholder's Equity
Accounts Payable
Short-term Notes Payable
Bonds Payable
Ordinary Shares
Retained Earnings
Total Liabilities and Shareholder's Equity
35,000
50,000
85,000
200,000
120,000
P490,000
45,000
50,000
75,000
225,000
150,000
P545,000
Ordinary shares have par value of P5.00 per share. In April 1, 2020, the Kangaroo
Company issued additional shares as part of its funding plan.
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