The capital of SA PSB is made up of 10,000shares with a par value of €20 fully paid up on31/12/N. A capital increase of 4,000new shares took place during year N-1. Thecompany requested the release of 50% duringthe broadcast. Current N, the companyrequested the 3rd quarter release.The first global dividend paid to sharesfully paid up amounts to €18,000. theunit dividend of the 4,000 new shares isamount to €0.975 per share.What is the most likely time of release of the3rd quarter of these 4,000 new shares?

As a distribution of the company's profits or earnings, corporations pay dividends to their…

Answered: The capital of SA PSB is made up of…

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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29. The Corazon Corporation is authorized to issue 100,000 shares at P20 par ordinary shares. At the beginning of 2020, 18.000 ordinary shares were issued and outstanding. These shares had been issued at P27 per share. During 2020, the company entered into the following transactions: January 4 March 19 Issued 1,300 ordinary shares at P28 per share. Exchanged 12.000 ordinary shares for a machine. The ordinary share was selling at P30 per share. Reacquired ordinary shares at P29 per share. Accepted subscriptions for 1,000 ordinary shares at P31 per share. The contract called for 10% down payment with the balance due on December 1. May 9 July 19 September 4 Sold 500 of treasury shares at P32 per share. December 1 Collected the balance due on July 19 subscriptions and issued the stock certificate. How much is the total contributed capital for December 31, 2020?
Zigma SAOG has issued 4 million, OMR 1 equity share. During the year 2016, the company decided to make a bonus issue in the ratio of 2 for 4 shares held. The following balances reserves and surplus accounts that the company had prior to the Issue of bonus shares: Share premium OMR 1,550,000 General Reserve OMR 90,000 Retained earnings OMR 600,000 Revaluation surplus OMR 30,000 For the issue of bonus shares it is agreed to use the share premium in priority and general reserve can be used to an extent of OMR 60,000 only. Based on the above data, write the respective journal entry and show its working and the effect on items of SOFP.
Company X has a June 30th year-end. On 1 July 20X5 company X issued £40 million 10%convertible loan stock at par. The terms of conversion (on 1 July 20X9) are that for every £200 ofloan stock, 40 ordinary shares will be issued at the option of loan stockholders. The income tax is25%. Earnings attributable to ordinary shareholders for the year ended 30th June 20X6 were£32.4m and 60 million ordinary shares in issue. You may assume that the convertible loan stock isdilutive.Calculate company X’s diluted EPS for the year ended 30th June 20X6
2. Wookie plc has a year end of 31 December. The company had 10 million 25 p ordinary shares in issue throughout the year ending 31 December 2021. On 1 August 2022, the company made a 1 for 5 rights issue to existing shareholders at a price of 80 pence per share. The share price immediately before the rights issue was £1.10. < Profit for the year ending 31 December 2021 was £3.75 million and profit for the year ending 31 December 2022 was £4.25 million. Requirements:< (a) Explain why the earnings per share figure is important to investors of listed companies.< (b) Explain the treatment of rights issues and bonus issues when calculating the earnings per share figure for a company in accordance with IAS 33 Earnings Per Share.< (c) Calculate Wookie plc's earnings per share figure for the year ending 31 December 2022 and the original and restated earnings per share for the year ending 31 December 2021.<
On December 1, DOS Corporation issued 1,000 shares of its ₱10 par ordinary share capital and 2,000 shares of its P10 par preference share capital for a lump sum of ₱ 40,000. At this date, ordinary share is selling for ₱18 per share and the preference share for ₱13.50 per share. How much should the “Ordinary Share Capital” account be credited? (The entry to record the issuance of the shares serves as the solution for this problem) *
For the current year, Spiderman Company received a donation of 3,000 shares with a par value of P20 from the shareholder. The market value of the share was P150. The shares were originally issued P50 per share. As a result of the donation, what was the decrease in the shareholder’s equity?
29. The Corazon Corporation is authorized to issue 100,000 shares at P20 par ordinary shares. At the beginning of 2020, 18,000 ordinary shares were issued and outstanding. These shares had been issued at P27 per share. During 2020, the company entered into the following transactions: Issued 1,300 ordinary shares at P28 per share. Exchanged 12,000 ordinary shares for a machine. The ordinary share was selling at P30 January 4 March 19 per share. Reacquired ordinary shares at P29 per share. Accepted subscriptions for 1,000 ordinary shares at P31 per share. The contract called for 10% down payment with the balance due on December 1. May 9 July 19 September 4 Sold 500 of treasury shares at P32 per share. December 1 Collected the balance due on July 19 subscriptions and issued the stock certificate. How much is the total contributed capital for December 31, 2020?
Naruto Bakery has a capital structure consisting of:42,000 issued and paid-up ordinary shares RM105,0005,000 issued and paid-up 10% Preference shares RM15,0008% Bonds (10-year maturity) RM30,000The balance of retained earning as at 1 January 2021 was RM75,000. The market priceper unit of the company’s financial instruments are as follows:Ordinary shares : RM2.50 (last dividend paid was RM0.50; growth rate is 5%Preference shares : RM3.008% Bonds : RM890.00 (par value RM1,000)The company is considering to invest in new project worth RM80,000. The floatationcost to sell more shares and bonds are 5%. The corporate tax rate 25%.You are required to calculate (show all workings):a. The number of shares and bonds to be issued
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The capital of SA PSB is made up of 10,000 shares with a par value of €20 fully paid up on 31/12/N. A capital increase of 4,000 new shares took place during year N-1. The company requested the release of 50% during the broadcast. Current N, the company requested the 3rd quarter release.