"The general assembly of the ABC Public Shareholding Company decided to distribute the net profit of the company JD 320,000. The balance of retained earnings on 1/1/2018 is JD 18,000. Optional reserve for 2018 is (According to the maximum percantage)" 64000 32000 48000 18000 O o o o

"The general assembly of the ABC Public Shareholding Company decided to distribute the net profit of the company JD 320,000. The balance of retained earnings on 1/1/2018 is JD 18,000. Optional reserve for 2018 is (According to the maximum percantage)" 64000 32000 48000 18000 O o o o

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: The equity section from the December 31, 2020 balance sheet of Kentucky Corporation appeared as…

A: Statement of change in equity -The statement of changes in equity is a summary of the equity…

Q: 1. Ignore the special study, and determine whether the track assembly should be produced internally…

A: Internal variable costs of manufacturing the component: Details Amount ($) Direct…

Q: How much is the cost of investment? * On January 31. 2022. Parent Company purchased al the…

A: SOLUTION COST OF INVESTMENT MEANS CONTRACT PURCHASE PRICE OF INVESTMENTS ACQUIRED , ACQUISITION…

Q: E15-16 Contributed Capital Adams Company's records provide the following information on December 31,…

A: Contributed capital is the total capital contributed by preferred stock and common stock. It does…

Q: ABC Corp holds 1,000 shares of XYZ Corp.'s shares since 2019. The following are data available at…

A: If investment in equity stocks are designated as FVOCI (Fair value through other comprehensive…

Q: CanaCo showed the following equity on its Dec ober 31, 120, balance sheets Contributed capital…

A: Share Price- Share price refers to the value of a company's stock. The total value of a publicly…

Q: ega Corp. declared a $50,000 cash dividend on July 1, 2020, with the following related information:…

A: Dividends - It is the distribution of profits by a company to its shareholders. When a company…

Q: On December 21, 2025, Pina Company provided you with the following information regarding its equity…

A: Investment -An asset is something that is purchased with the intention of earning revenue or…

Q: Presented below is information related to the purchases of common stock by Culver Company during…

A: Investments are recorded using the fair value approach, which entails recording investments at their…

Q: P acquired 80% of the capital of 5 on 1 January 2021. At the year end 31 December 2021 the two…

A: The consolidated financial statements are the statements that is prepared by the holding company to…

Q: The accounts below appear in the December 31, 2022 trial balance of BFAR Corporation: Ordinary Share…

A: The time period shareholder fairness (SE) refers to an enterprise's internet really well worth or…

Q: Ashvinbhai

A: Step 1:Answer-a) DateAccounts TitlesDebitCredit31 DecemberUnrealized Gain/Loss ($94,000 -…

Q: The accounts shown below appear in the December 31, 2022 trial balance of BFAR Corporation:…

A: The time period shareholder fairness (SE) refers to an enterprise's internet really well worth or…

Q: follows: Isaac Esau Share capital, P100 par 5or shres Share premium (APIC) Retained earnings…

A: The capital of firm acquired also becomes the parts of purchasing company.

Concept explainers

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.

Question

100%

"The general assembly of the ABC Public Shareholding Company decided to distribute the net profit of the company JD 320,000. The balance of retained earnings on 1/1/2018 is JD 18,000. Optional reserve
for 2018 is (According to the maximum percantage)"
64000
32000
48000
18000
A Moving to another question will save this response.
« < Question 14 of 22 >»
1135 AM
arch
37°C Haze A a d0
9/1/2021
DELL
Home
F10
F11
F12
Priscr
Insert
Delete
F8
F9
F4
F5
F6
Num
Lock
&
Backspace
8
5
P
జీ
E
R
ні
J
K
Enter
B Y
NT
Alt
Ctrl
оооо

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Ef 580.
Presented below is information related to the purchases of common stock by Marigold Company during 2025. Investment in Arroyo Company stock Investment in Lee Corporation stock Investment in Woods Inc. stock Total (a) (b) Cost Fair Value (at purchase date) (at December 31) $102,000 $84,000 314,000 259,000 (b) 184,000 (Assume a zero balance for any Fair Value Adjustment account at the beginning of 2025.) $545,000 No. Account Titles and Explanation (a) 193,000 $591,000 What entry would Marigold make at December 31, 2025, to record the investment in Arroyo Company stock if it chooses to report this security using the fair value option? What entry would Marigold make at December 31, 2025, to record the investments in the Lee and Woods corporations, assuming that Marigold did not select the fair value option for these investments? (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is…
Here is the trial balance of MAEMBE Ltd as at 30 April 2024 DR CR TZS TZS Share capital: authorised and issued 200,000.0 Stock as at 30 April 2023 102,994.0 Debtors 227,219.0 Creditors 54,818.0 8% debentures 40,000.0 Fixed assets replacement reserve 30,000.0 General reserve 15,000.0 Profit and loss account as at 30 April 2023 12,411.0 Debenture interest 1,600.0 Equipment at cost 225,000.0 Motor vehicles at cost 57,200.0 Bank 4,973.0 Cash 62.0 Sales 880,426.0 Purchases 419,211.0 Returns inwards 18,400.0 Carriage inwards 1,452.0 Wages and salaries 123,289.0 Rent, business rates and insurance 16,240.0 Discounts allowed 3,415.0 Directors’ remuneration 82,400.0 Provision for depreciation at 30 April 2023: Equipment 32,600.0 Motor vehicles 18,200.0 TOTAL 1,283,455.0 1,283,455.0 Given the following information as at 30 April 2024, draw up a profit and loss account and balance sheet for the year to that date: (i) Stock TZS 111,317. (ii) The share…
On January 1, 2020, Churl Company paid $1,700,000 for a 40% stake in Flip Company. The Flip Company's stockholders equity on January 1 and December 31, 2020 is shown below: Share capital Revaluation surplus Retained earnings January 1 3,000,000 1,000,000 December 31 3,000,000 1,300,000 1,500,000 By Jan 1, 2020, all of Flip's identified assets and liabilities were recognized at fair value. During the current fiscal year, the flip firm recorded a profit before income tax of 1,000,000 and paid dividends to stockholders of 150,000. The revaluation excess is the outcome of Flip Company's land reassessment on December 31, 2020. Flip displays OCI net of any relevant income tax. Furthermore, Flip Company provides depreciation using the declining balance approach, whereas Churl Company employs a straight line. The cumulative depreciation would have been enhanced by 200,000 if Flip Company had used the straight line. The tax rate is set at 35%. On December 31, 2020, Churl Company will report its…
Note: RP AND IDR The book I use: Intermediate Accounting, Kieso, ifrs Edition, Fourth Edition Questions in image
Rahul
Q1: How much is the investment income on 2021? Q2: How much is the carrying amount of the Investment in Associate as of December 31, 2021?
Presented below is information related to the purchases of common stock by Bridgeport Company during 2025. Fair Value (at December 31) $68,000 306,000 194,000 $568,000 Investment in Arroyo Company stock Investment in Lee Corporation stock Investment in Woods Inc. stock Total (a) (b) Cost (at purchase date) $90,000 252,000 (Assume a zero balance for any Fair Value Adjustment account at the beginning of 2025.) 184,000 (b) $526,000 What entry would Bridgeport make at December 31, 2025, to record the investment in Arroyo Company stock if it chooses to report this security using the fair value option? No. Account Titles and Explanation (a) What entry would Bridgeport make at December 31, 2025, to record the investments in the Lee and Woods corporations, assuming that Bridgeport did not select the fair value option for these investments? (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry…