the beginning of 2013, U Company had retained earnings of P250,000. During the year U reported net income of P100,000, sold treasury stock at a “gain” of P36,000, declared a cash dividend of P60,000, and declared and issued a small stock dividend of 3,000 shares (P10 par value) when the fair value of the stock was P20 per share. The amount of retained earnings available for dividends at the end of 2013 was?

Q: FV Company earned net income of $75,000 during the year ended December 31, 2012. On December 15, FV…

A: Dividend:   A dividend is distribution of company’s earnings to its shareholders as determined by…

Q: For 2010 and 2011, Sabil Corporation earned net income of $480,000 and S640.000 and paid dividends…

A: Journal entries is the recording of transaction at the initial stage of incurring the transactions.

Q: The previous year's balance sheet for Brown's Produce showed total common equity of…

A: Given information: Previous year’s common equity is $4,050,000 Net income during the year is…

Q: ABC Company had addition to retained earnings for the current fiscal year just ended of $395,000.…

A: Here, Retained Earnings is $395,000 Cash Dividend is $195,000 Total Equity is $5.3 million No. of…

Q: At the beginning of the current year, Soron Corporation had 200,000 shares of $1 par common stock…

A: Retained earnings are the amount which was retained by the company after all of its expenses…

Q: Compute diluted earnings per share

A: Earnings per share is a financial measure that determines the residual earnings generated by each…

Q: Yellow Enterprises reported the following (S in thousands) as of December 31, 2024. All accounts…

A: Share holders capital includes common stock, retained earnings, share premium etc.Shareholders…

Q: For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.75 per share…

A: a.

Q: Bridgeport Company had 192,000 ordinary shares outstanding on December 31, 2022. During the year…

A: Net Income :— It is the difference between sales revenue and expenses.    Earning Per Share :— It is…

Q: On January 1, 2016, Samuel Company had 21,000 shares of common stock outstanding and issued an…

A: Basic earning per share can be calculated by dividing net income after dividend by the weighted…

Q: nee help with this question please provide answer

A: What is the book value per share?Makers Corp. had additions to retained earnings for the year just…

Q: At December 31, 2017 and 2018, Funk & Noble Corporation had outstanding 820 million shares of…

A: Preferred Dividend = No. of preferred share x Par value per share x rate of dividend…

Q: At December 31, 2011, Continental Corporation had 100, 000 shares of P10 par value ordinary share…

A: This question deals with the calculation of price earning ratio. Price earning ratio indicates the…

Q: Cisco Systems Inc. reported the following in its income statement for the year ended July 27, 2013:…

A: The financial ratios refer to the ratios that are calculated using the financial data from the…

Q: For its fiscal year-end, a company reported net income of $12 million and a weighted average of…

A: Diluted earnings per share is a measure that indicates the earnings of the company on a per-share…

Q: 4. Use the same information given in Problem 1. After the split, the par value per share of the…

A: Under share split of 2 for 1 , the shareholders will received 2 shares for every one share held.

Q: As of 2017, Buttle Corp. has $10 par, 2% preferred stock, 13,000 shares outstanding, and $1 par…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: Finn, Inc. began the year with a balance in retained earnings of $16,800 and 32,000 shares of $1 par…

A: >Retained earnings represents the accumulated amount of past net Income and Loss, as reduced by…

Q: Provide Correct Answer with calculation

A: Step 1: 1) Given that, Total equity = $4,980,000 Number of shares outstanding = 140,000 Book value…

Q: National Company's net income last year was P75,000. The company paid preferred dividends of P12,000…

A: Return on common stockholders equity means net earnings earned on the investment made by common…

Q: FV Company earned net income of $75,000 during the year ended December 31, 2012. On December 15, FV…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: At December 31, 2015 and 2016, Funk & Noble Corporation had outstanding 820 million shares of…

A: Preferrence Dividend  = No. of share x Par value per share x rate of dividend = 2 million x $100 x…

Q: Carla Corporation reported net income of $644,000 in 2017 and had 234,000 shares of common stock…

A: Diluted Earnings per share = Net Income available to Common stockholders'Number of common stock…

Q: What is 2013 basic earnings per share?

A: Basic EPS=(Net income - Preferred Dividend) / Weighted average common shares outstanding

Q: 3. Use the same information given in Problem 1. The retirement of the 2,000 preference shares would…

A: The retirement of shares means that the shares are cancelled and related premium or par capital…

Q: What is the balance of retained earnings on January 1, 2011?

A: Retained earnings is the amount of earnings accumulated over the period of time. This is an…

Q: On January 1, 2016, Dexon Corp had 20,000 shares of common shares outstanding. It sold another 2,600…

A: Earnings per share was used to measure the profitability of an entity. Earnings per share (EPS):…

Q: Rudolph Corporation showed retained earnings of $400,000 on its balance sheet for 2016.  In 2017,…

A: Retained earning net profit earned by the company after deducting dividends paid to the…

Q: Bright Ltd reported net income of R34 400 in 2011. The financial year end for Bright Ltd is 31…

A: Weighted average outstanding shares = 8,000×612 + 10,000×312 + 12,000×312…

Q: Wendell Company provided the following pertaining to its accounting year that ended December 31,…

A: The stock dividend decrease retained earnings, and increases issued capital and there is no effect…

Q: The 2017 income statement of Sandhill Company showed net income of $718,000 and a gain from…

A: Formula: EPS = ( Net Income - gain from discontinued operations ) / Outstanding shares

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.