The J3 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary share capital, P20 par value, 20,000 shares outstanding Preference share capital, 5% P100 par value, non-cumulative and fully participating, 2,000 shares outstanding No dividends were paid on Preference shares for two years. On Dec 31, 2021 a total Cash dividend of P210,000 was declared. How much dividends will be received by the preference shares holders?

Q: An entity reported the following equity on December 31, 2023: Ordinary share capital, P25 par value,…

A: To determine the amount of ordinary share capital that should be reported on December 31, 2023, we…

Q: On January 1, 2021, Heaven Inc. reported the following shareholders' equity:   Preference share…

A: Depreciation expense is the portion of cost of the fixed assets to be written off periodically in…

Q: On January 1, 2021, Orange Inc. reported the following shareholders' equity:   Preference share…

A: Following journal entry is required to be passed for depreciation expense: Date…

Q: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: Preferred shares are paid dividend each year but often they are not paid each year but remaining…

Q: On January 1, 2021, Heaven Inc. reported the following shareholders' equity:   Preference share…

A: The dividend is declared and paid to the shareholders from the retained earnings of the business.

Q: Bulgasal Company provided the following data: 2020 2021 Share capital (P100 par value) 5,000,000…

A: Retained earnings is the amount of earnings which is accumulated and collected over the period of…

Q: n April 8, 2019, GODLY Corporation declared and issued a 25% ordinary share capital dividend. Prior…

A: The amount to be debited to retained earnings will be equal to the total par value of shares issued…

Q: 1. On December 31, 2021 and 2020, Go Company had 100,000 ordinary shares and 10,000 cumulative…

A: Dividend means the amount given to shareholder of the company as profit distribution by  company.…

Q: Andromeda Corp. reported the following shareholders’ equity on December 31, 2023: 12% cumulative…

A: Solution:The book value per preference share :First we calculate cumulative dividend arrears…

Q: The shareholders' equity of Kendrick Corp. on August 31, 20 8% Preference share capital, P20 par…

A: From the profits and retained earnings, Preference shares are paid and the remaining amount is…

Q: During 2021, CAPTAIN AMERICA Company had two classes of shares issued and outstanding for the entire…

A: Basic Earnings Per share = Earnings Available for Ordinary Share holders/Number of Ordinary Shares…

Q: Del Valle Company provided the following shareholders’ equity on December 31, 2021:

A: Answer: Book value per ordinary share= Book value/ No of shares   Calculation of No of shares: =…

Q: lala provided the following shareholders’ equity on December 31, 2021:   Preference share capital,…

A: Given that the 8% preference shares are non cumulative and hence the dividend in arrears are not…

Q: Stan statement of financial position shows total shareholders' equity of P3,150,000 as of December…

A: Solution: Outstanding shares = Issued shares - shares in treasury = 52000 - 2000 = 50000 shares

Q: On December 31, 2021, EOS Co.'s shareholders' equity consisted of the following: 8%, cumulative…

A: Preference Share: - A share that entities the holder to a fixed dividend, whose payment takes…

Q: ABC has the following share capital outstanding during 2021 and 2022: Preference shares, P100 par,…

A: Cumulative Preference shares are one of the type preference shares. These shares carry preference…

Q: The NiceWay Corporation's statement of financial position shows the total stockholders' equity of…

A: The book value per share is calculated as total shareholders equity divided by number of shares…

Q: Mack Company reported the following outstanding share capital on December 31, 2020:       - 30,000…

A: A dividend means the amount given to the shareholder of the company as profit distribution by the…

Q: The capital structure of THOR Company on December 31, 2020, is as follows: • 12% Preference shares,…

A: No. of shares issued from donated shares = No. of donated shares  x 1/2 = 20000 shares x 1/2 =…

Q: Using the following, how many shares were outstanding? * On January 1, 2021, the statement of…

A: The maximum number of shares which can be issued by a company is referred to as the Authorized…

Q: SCARLET Corporation has an authorized capital of 10,000 shares of $100 par, 8% cumulative preference…

A: Formula: Book value per ordinary share = Total Equity available to Ordinary shareholders / No. of…

Q: Common stock, $2 par, 200,000 shares issued and outstanding On October 1, 2020, the company…

A: Stock Dividend distribution is a method of capitalizing the retained earning.   Stock dividend value…

Q: BFAR Corp. maintains the following equity balances throughout the years 2020 and 2021: . 10%…

A: Dividends: The portion of the company's profit distributed among the shareholders or investors of…

Q: The ABC's statement of financial position shows total shareholders' equity of P3.150.000 as of…

A: Formula used: Book value per share = Total Shareholders equity / Outstanding shares Division of…

Q: The VWX's statement of financial position shows total shareholders’ equity of P3,150,000 as of…

A: Book value per share = Total shareholders equity/Number of common equity share outstanding  Total…

Q: The capital structure of THOR Company on December 31, 2020, is as follows: 12% Preference shares,…

A: Formula: Total dividends = Preferred dividends + Ordinary dividends

Q: ABC, Inc. has 30,000 shares of P10 par value ordinary share capital issued and outstanding as of…

A: Shares is an important source of finance for the business. There can be common shares or preference…

Q: Ared Company showed the following shareholders’ equity on January 1, 2020: Share capital 1,000,000…

A: A property dividend is a dividend in kind. In this kind of dividend instead of cash or shares, an…

Q: January 1, 2020 April 1, 2020 October 1, 2020 Shares outstanding Shares issued Treasury shares…

A: As per IAS 33 Earnings per share Treasury shares are own shares of company purchased by company…

Q: Hoseok Corporation has the following data on stock issued and outstanding at December 31, 2020: >10%…

A: Annual Dividend to Preferred shareholders = Preference Share Capital x rate of dividend = P400,000 x…

Q: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: Ordinary Shares: 20,000 Shares  Par Value of Ordinary Shares: P20 Preference Shares: 2,000 shares…

Q: On January 1, 2021, Heaven Inc. reported the following shareholders' equity:   Preference share…

A: The retained earnings of the business comprises of accumulated profits of previous year profits and…

Q: For the year 2019, a business reports $450,000 increase in Share capital - Ordinary, $5 par value,…

A: Given that, increase in share capital = $450000 Increase in share premium = $550000 shares issued in…

Q: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: *Preference shares are of nine types, one of them is Cumulative and participating preference shares.…

Q: The capital accounts of SEB Company as of yearend 2021 are as follows: Ordinary Share Capital (P10…

A: Total market value of Ordinary Share Capital  = Ordinary Share Capital  + Share Premium = 500,000 +…

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.