The preference dividends are in arrears for 2019, 2020 and 2021.Treasury ordinary shares, 10,000 at costSubecribed ordinary share capital, 20,000 sharesWhat amount should be reported as book valuejD00 8%20,000Problem 18-20 (ACP)Simplex Company reported the following shareholders'équity on December 31, 2021:uity onPreference share capital, 10% cumulative andnonparticipating, P100 par, 20,000 sharesUrdinary share capital, P10000,0000,0000,00050,00050,000)2,000,0004,000,0002,000,000500,0001,000,0002,400,000800,000par, 40,000 sharesSubscription receivableShare premiumRetained earnings0,0002021.dinaryordinaryshare?per& 1720.200C. 160d. 150573

Where preference shares are cumulative, they have right to receive arrear dividend if any.…

The preference dividends are in arrears for 2019, 2020 and 2021. Treasury ordinary shares, 10,000 at cost Subscribed ordinary share capital, 20,000 shares Problem 18-20 (ACP) Simplex Company reported the following shareholders' tequity on December 31, 2021: Preference share capital, 10% cumulative and nonparticipating, P100 par, 20,000 shares inary share capital, P100 par, 40,000 shares Subscription receivable Share premium Betained earnings 2,000,000 4,000,000 2,000,000 500,000 1,000,000 2,400,000 800,000 What a

The preference dividends are in arrears for 2019, 2020 and 2021. Treasury ordinary shares, 10,000 at cost Subscribed ordinary share capital, 20,000 shares Problem 18-20 (ACP) Simplex Company reported the following shareholders' tequity on December 31, 2021: Preference share capital, 10% cumulative and nonparticipating, P100 par, 20,000 shares inary share capital, P100 par, 40,000 shares Subscription receivable Share premium Betained earnings 2,000,000 4,000,000 2,000,000 500,000 1,000,000 2,400,000 800,000 What a

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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