The shareholder equity section of Ronda Corporation's statement of financial positionas of December 31, 2013 is as follows:Shareholders' EquityShare Capital, P5 par value, 2,000,000 shares authorized, 400,000shares issuedShare PremiumRetained Earnings3,000,000The following events occurred during 2014:Jan 5Jan 16Feb 10Mar 1Apr 1Jul 1Aug 1PP2,000,000850,000Dec 31 Profit for 2014 was P1,880,000.5,850,00010,000 shares were sold for P9 per share.Declared a cash dividend of P0.40 per share, payable Feb. 15 to shareholderof record on Feb 5.40,000 shares were sold for P11 per share.A 40% share dividend was declared and issued. Market value per share iscurrently P15.A two-for-one split was carried out. Market value on March 31 was p18 pershare.A 10% share dividend was declared and issued. Market value is currently P10per share.A cash dividend of P0.40 per share was declared, payable Sep 1 toshareholder of record on Aug 21.Determine the following:1. Number of shares issued andoutstanding (Dec. 31, 2022).2. Amount of ordinary shares (Dec. 31,2022).

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

Answered: The shareholder equity section of Ronda…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Identifying and Analyzing Financial Statement Effects of Stock TransactionsThe stockholders' equity of Verrecchia Company at December 31, 2011, follows: Common stock, $ 5 par value, 350,000 shares authorized; 150,000 shares issued and outstanding $ 750,000 Paid-in capital in excess of par value 600,000 Retained earnings 346,000 During 2012, the following transactions occurred:Jan. 5 Issued 10,000 shares of common stock for $12 cash per share.Jan. 18 Purchased 4,000 shares of common stock for the treasury at $14 cash per share.Mar. 12 Sold one-fourth of the treasury shares acquired January 18 for $17 cash per share.July 17 Sold 500 shares of the remaining treasury stock for $13 cash per share.Oct. 1 Issued 5,000 shares of 8%, $25 par value preferred stock for $35 cash per share. This is the first issuance of preferred shares from the 50,000 authorized shares. Prepare the December 31, 2012, stockholders' equity section of the balance sheet assuming that the company reports…
Assume the following data relative to ABC Corporation for 2016 is available: Net Income $1,400,000 Transactions in common shares: Jan 1, 2016 Beginning number: 500,000 March 1, 2016 Purchased treasury shares 60,000 June 1,2016 Stock split 2 for 1 Nov 1, 2016 Issuance of new shares 120,000 8% Cumulative Preferred Stock Sold at par, convertible into 200,000 shares as adjusted for stock split $1,000,000 Stock Options-60,000 options Exercisable at the option price of $25 per share. $30 average market price in 2016, $20 year end marke price(market price and option price adjusted for stock split) 4. What is Diluted EPS per share?
Instructions The shareholders' equity section of Superior Corporation's balance sheet as of December 31, 2015, is as follows: Shareholders' Equity Preferred stock, $100 par value; authorized, 300,000 shares; issued, 33,000 shares $3,300,000 Common stock, $5 par value; authorized, 2,000,000 shares; issued, 377,000 shares 1,885,000 Paid-in capital in excess of par-preferred 96,000 Paid-in capital in excess of par-common 825.000 Retained earnings 2,920,000 $9,026,000 The following events occurred during 2016: Jan. 5 10,500 shares of authorized and unissued common stock were sold for $7 per share. 16 10,000 shares of authorized and unissued preferred stock were sold for $108 per share. Apг. 1 79,000 shares of common stock were repurchased for the treasury at a price of $21 per share. Superior uses the cost method to account for treasury stock. Sept. 1 3,500 shares of preferred stock are issued in exchange for a piece of land. The land has an appraised value of $389,500. The preferred stock…
JKL Corp. reported the following amounts in the shareholders' equity section of its December 31, 2015, statement of financial position: Preference shares, P10 par (100,000 shares authorized, 40,000 shares issued) P400,000 Ordinary shares, P5 par (50,000 shares authorized, 20,000 shares issued) 100,000 Share premium – Ordinary shares 192,000Accumulated profits 1,200,000 The following transactions occurred during 2016: At the beginning of 2016, the company…

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