The following ordinary shares details relate to Mizuri company for the year ending 2019 Kshs. ‘000’ 1 January , Ordinary Shares Balance 5,000 31 March ordinary shares purchased back 300 1 July, new ordinary shares issued 1,500 Calculate the number of shares applicable for determining EPS Please don't provide answer in image format thank you
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The following ordinary shares details relate to Mizuri company for the year ending 2019 Kshs. ‘000’ 1 January , Ordinary Shares Balance 5,000 31 March ordinary shares purchased back 300 1 July, new ordinary shares issued 1,500 Calculate the number of shares applicable for determining EPS
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- sd subject-Accounting On January 1, 2022, Wentworth, Inc. had the following shares of stock outstanding: 100,000 shares of common stock 60,000 shares of preferred stock, convertible to 32,000 shares of common ($120,000 in preferred dividends paid during the year) On May 1, 2022, an additional 18,000 common shares were issued for cash. On June 30, 2022, Wentworth issued a 10 percent common stock dividend. Net income after taxes for the year was $775,000. Calculate basic earnings per share (to the nearest cent) for the year A. $5.46 B. $5.32 C. $5.05 D. Some other amount.blengblong Company’s adjusted balance at December 31, 2019, includes the following account balances: Ordinary shares, P10 par 1,200,000 10% Preference shares, P100 par 1,600,000 Subscribed ordinary shares 600,000 Subscription receivable 120,000 Share premium – ordinary 240,000 Share premium – preference shares 500,000 Retained earnings – unrestricted 400,000 Retained earnings – restricted for treasury shares 100,000 Retained earnings – restricted for plant acquisition 200,000 Treasury shares at cost 100,000 Net unrealized gain on equity securities – FVPL 100,000 Net unrealized loss on equity securities – FVOCI 40,000 Net unrealized loss on foreign currency transaction 35,000 Net unrealized gain on translation adjustment of foreign operations 30,000 Revaluation surplus 160,000 What amount should be reported as total stockholders’ equity in its December 31, 2019 balance sheet?Part I A portion of the Stockholders' Equity section of Cailey Corporation's balance sheet as of December 31, 20X3, appears below. Dividends have not been paid for the years 2021 and 2022. There has been no change in the number of shares of stock issued and outstanding during these years. Assume that the board of directors of Cailey Corporation declares a dividend of P24,770 after completing operations for the year 2023. Stockholders' Equity Preferred Stock (10% cumulative, P50 par value, 10,000 shares authorized) At Par Value (1,400 shares issued) P 70,000 Common Stock (no-par value, with stated value of P10, 50,000 shares authorized) At Stated Value (13,000 shares issued) 130,000 Required: 1. Compute the total amount of the dividend to be distributed to preferred stockholders. 2. Compute the amount of the dividend to be paid on each share of preferred stock. 3. Compute the total amount of the dividend available to be distributed to common stockholders. 4. Compute the amount of the…
- Zen Aerospace Corporation reported the following equity account balances on December 31, 2022: Preferred shares, $3.60 cumulative, unlimited shares authorized Common shares, unlimited shares authorized, 23,500 shares issued and outstanding Retained earnings 648,600 331,000 In 2023, the company had the following transactions affecting shareholders and the shareholders' equity accounts: Jan. 1 Purchased and retired 2,700 common shares at $36 per share. 14 The directors declared an 9% share dividend distributable on February 5 to the January 30 shareholders of record. The shares were trading at $46.30 per share. 30 Date of record regarding the 9% share dividend. 5 Date of distribution regarding the 9% share dividend. Feb. July 6 Sold 5,700 preferred shares at $67 per share. Sept. 5 The directors declared a total cash dividend of $48,006 payable on October 5 to the September 20 shareholders of record. Oct. 5 The cash dividend declared on September 5 was paid. Dec. 31 Closed the $472,600…Case 1.b In 2022, the following are the equity transactions and the corresponding journal entries made. 1. On April 12, 2022, it was noted that Shipyard, Inc. purchased 4,000 its own common stock at $25 per share Apr 15 Treasury Shares Retained Earnings 2. On Jun 15, the company sold 2,500 shares for $30 per share. Apr 12 Cash Treasury Shares The table shows the equity balances as of December 31, 2022 2022 beginning Balance Common Stock acquisition Sold Treasury Stock Ending Balance Common Stock 1,130,000 1,130,000 Paid-in Common stock dividend distributable 120,000 capital in excess of par 300,000 300,000 Treasury Shares 0 -75,000 50,000 120,000 -25,000 100,000 75,000 Retained Earnings 850,000 75,000 925,000 100,000 75,000 Total 2,400,000 0 50,000 2,450,000 Requirement. (b) Evaluate whether the journal entries dated April 15, 2022 and June 12, 2022 are recorded in accordance with the recognition and measurement principles of treasury shares. (bl) If the journal entries are wrong, what…National Supply's shareholders' equity included the following accounts at December 31, 2020: $ Shareholders' Equity Common stock 6,000,000 shares $1 par $6,000,000 Paid-in Capital in excess of par $30,000,000 Retained earnings $6,500,000 REQUIRED: 1. National Supply reacquired shares of its common stock in two separate transactions and later sold shares. Prepare the entries for each of the transactions 15-Feb-21 Reacquired 300,000 shares at $8 per share 17-Feb- 22 Reacquired 300,000 shares at $5.50 per share 9-Nov-23 Sold 200,000 shares at $7 per share 2. Prepare the shareholders' equity section of National Supply's balance sheet at December 31, 2023, assuming the shares are a) retired and b) accounted for as treasury stock. Net income was $14,000,000 in 2021 $15,000,000 in 2022 $16,000,000 in 2023
- Question Six: The following accounts appear in the ledger of Alico Corporation after the books are closed at December 31, 2019. Common Stock, $2 par value, 700,000 shares authorized, 400,000 shares issued Paid-in Capital in Excess of Par Value-Common Stock Preferred Stock, $100 par value, 8%, 10,000 shares authorized; 2,000 shares issued Retained Earnings Treasury Stock (10,000 common shares) Paid-in Capital in Excess of Par Value Preferred Stock Required: Prepare the stockholders' equity section at December 31, 2019. .$800,000 .750,000 .200,000 1,000,000 .85,000 .410,000Blabla Grocery Inc., reported the following financial information on December 31, 2019: Common shares issued and outstanding throughout 2019 700,000 shares 6% nonconvertible cumulative preferred shares capital $450,000 Retained Earnings on January 1. 2019 $3,500,000 Basic EPS for 2019 $0.99 per share In addition, the company did not declare any dividends for either 2018 or 2019. The amount which the company would report as Retained Earnings on December 31, 2019 would be: Select one: a. $673,000. b. $693,000. c. $4,220,000. d. $4,173,000. e. $4,166,000.Current Attempt in Progress On January 1, 2021, Elkhardt Corporation, a publicly traded company, had the following shareholders' equity accounts: Common shares (unlimited number of shares authorized, 48,400 shares issued) $1,936.000 Retained earnings 1,249,600 Accumulated other comprehensive income 59,840 During the year, the following transactions occurred: Jan. 15 Declared a $1.25 per share cash dividend to shareholders of record on January 31, payable February 15. Declared a 10% stock dividend to shareholders of record on April 30, distributable May 15. On April 16, April 30, and May 15, the share prices were $12, $11.80, and $11.90, respectively. Apг. 16 Oct. Effected a 2-for-1 stock split. On October 1, the share price was $15. Dec. 31 Determined that net income for the year was $552,640. (a) Record the above transactions, including any required entries to close dividends and net income. (List all debit entries before credit entries. Credit account titles are automatically…
- Function: SUM; Formula: Add, Subtract, Multiply, Divide; Cell Referencing Using Excel to Determine Weighted Average Number of Shares Outstanding PROBLEM Sven Limited had common shares outstanding on January 1, 2023. On March 1, 2023, Sven issued additional shares in exchange for equipment. On July 1, Sven repurchased and cancelled shares. On October 1, 2023, Sven declared a 3- for-1 stock split. Common shares outstanding, January 1, 2020 Shares issued in exchange for equipment Shares cancelled Stock split 42,000 20,000 10,000 3-for-1 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references with a mathematical formula to the Problem area and work area as indicated. Calculate the weighted average number of shares outstanding for Laurin for the year ended December 31, 2023. Event Beginning balance Issued shares Reacquired shares Dates Outstanding Jan. 1-Mar. 1 Mar. 1-July 1 July 1-Dec.31 Shares Outstanding 42,000 Weighted average number…ABC Company was incorporated on January 1,2021. The following are the ordinary share transactions during the year: Jan. 1 Feb. 2 June 1 Dec 1 150,000 O 110,000 What is the number of ABC Corp.'s ordinary share outstanding at December 31, 2020? 120,000 number of shares authorized number of shares issued number of shares reacquired but not retired 2 for 1 share split O 115,000 80,000 60,000 5,000The following accounts appear in the ledger of AlicoCorporation after the books are closed at December 31, 2019. Common Stock, $2 par value, 700,000 shares authorized, 400,000 shares issued …………………………………………………………………………$800,000 Paid-in Capital in Excess of Par Value—Common Stock ………………….....650,000 Preferred Stock, $100 par value, 8%, 10,000 shares authorized; 2,000 shares issued …………………………………………………………………………..200,000 Retained Earnings ……………………………………………………………..900,000 Treasury Stock (10,000 common shares) ………………………………………85,000 Paid-in Capital in Excess of Par Value—Preferred Stock …………………….310,000 Required: Prepare the stockholders' equity section at December 31, 2019.