The following accounts are found in the trial balance of Dawn Corporation as December 31, 2019. Authorized Ordinary share capital, P 100 par P1,000,000; Unissued Ordinary share capital P300,000; Subscribed Ordinary share P200,000; Ordinary share subscription receivable P100,000; Ordinary share premium P70,000. The total number of shares issued is Using data in number 1, the total number of shares still available for subscription is

Q: Coronado Ltd. is a private company that follows ASPE. It is authorized to issue an unlimited number…

A: Stockholder's Equity -Stockholder's Equity includes the amount contributed by shareholders issued in…

Q: andley Inc. had 30,700 common shares on January 1, 2021. On May 1, 2,640 common shares were…

A: Common shares issued = Beginning common shares - Shares retired + Shares issued

Q: Example 2. Oversubscription of Ordinary Share Issue ABC issued a prospectus for 100,000 $5 shares on…

A: Lets understand the basics. Journal entry is required to make to record event and transaction that…

Q: Shrek Inc., had issued subscriptions for common shares on March 1, 2020. 40% of the subscription was…

A: Shares: Shares are the units of the total stock of a company that shows the fractional ownership of…

Q: Shareholders’ Equity ($ in millions) Common stock, 70 million shares at $1 par $ 70   Paid-in…

A: Weighted average method : Total treasury stock = 1 million + 2 million = 3 Million Total cost =…

Q: On July 1, 2021, Nall Co. issued 2,500 shares of its $10 par common stock and 5,000 shares of its…

A: The shares are issued at premium or discount depending on the market rates of shares. The shares…

Q: Below are the accounts shown in the December 31, 2020 trial balance of ABC Corporation: Preference…

A: Preference shares (40,000 x P50) = P2,000,000 Ordinary shares (50,000 x P100) = P5,000,000

Q: Dakota Corporation had the following shareholders' equity account balances at December 31, 2018:…

A: Common stock- Individuals who own common stock have a claim on profits (dividends) and the ability…

Q: ABC Company was incorporated on January 1,2021. The following are the ordinary share transactions…

A: No. of shares outstanding = Total no. of shares issued - number of shares reacquired but not retired

Q: On December 31, 2021, the statement of financial position of FRUITS Company showed the following…

A: A company's book value is the total of all the line items in the shareholders' equity portion of its…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.