The total assets value of Boafo Plc is GHC600,000 and the shareholders’ fund is GHC360,000. The shareholders’ fund consists of : 100,000 ordinary shares issued at GHC2 per share 200,000 Retained earnings 160,000 Calculate the book valuation of a share of QRS Plc

The total assets value of Boafo Plc is GHC600,000 and the shareholders’ fund is GHC360,000. The shareholders’ fund consists of : 100,000 ordinary shares issued at GHC2 per share 200,000 Retained earnings 160,000 Calculate the book valuation of a share of QRS Plc

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The Balance Sheet of A Ltd. as at 31-3-2016 is as follows : $ I. Equity and Liabilities (1) Shareholders' Funds (a) Share Capital : Authorised Share Capital 1,50,000 Equity Shares of$ 10 each 15,00,000 Issued, Subscribed and Paid-up Capital 80,000 Equity Shares of $10 each, $ 7.50 each called up and paid up (b) Reserves and Surplus Ca ital Redemption Reserve Plant Revaluation Reserve Securities Premium Reserve A/c Development Rebate Reserve Investment Allowance Reserve General Re-erve 6,00,000 1,50,000 20,000 1,50,000 2,30,000 2,50,000 3,00,000 Total 17,00,000 II. Assets Sundry Assets 17,00,000 Total 17,00,000 The Company wanted to issue bonus shares to its shareholders at the rate of one share for every two shares held. Necessary resolutions were passed; requisite legal requirements were complied with: (a) You are required to give effect to the proposal by passing Journal Entries in the books of A Ltd. (b) Show the amended Balance Sheet.
The equity of Duffy Ltd at 1.12.2022 was as follows: Share capital Share premium Revaluation reserve Retained profits 100,000 shares of 10p each £ 10,000 30,000 40,000 90.000 170.000 On 10.12.2022, the company made a bonus issue. 10 shares were issued for in such a way as to maximise the retained profits. The double entry reflecting this share issue is which of the following:
XYZ Corporation had the following balance sheet information: Total assets: $500,000Total liabilities: $200,000Shareholders' equity: $300,000If XYZ Corporation has 50,000 shares outstanding, what is the book value per share?
H. Below is a partial list of account titles and balances for the TNT Corporation as of December 31, 2018. Cash P 320,000 Notes Receivable 24,000 400,000 Preference Share Capital, P 100 par, 10,000 shares authorized Ordinary Share Capital, P 20 par, 100,000 shares authorized Preference share premium 1,000,000 150,000 Ordinary share premium 200,000 Retained Earnings 250,000 150,000 Accounts Payable Sales 950,000 Compute for the following: 1) How many shares were issued for the Preference Share Capital? How many shares were issued for the Ordinary Share Capital? 2) 3) How much is the premium per share for the Preference Share Capital? 4) How much is the premium per share for the Ordinary Share Capital? 5) How much is the issuance price for the Preference Share Capital? 6) How much is the issuance price for the Ordinary Share Capital? 7) How much is the total Share Capital? 8) How much is the total Additional Paid In Capital? 9) How much is the total Contributed Capital? 10) How much is…
AB Co issues 5.000 50c shares for $6.000. Required: What are the amounts for share capital and share premium in the statement of financial position?
ABC Corporation provided you the following information on January 01, 2021: Share capital, P10 par P4,000,000 Share premium 800,000 Retained earnings 3,500,000 Share transactions for the year 2021: Feb 10 – Declared 10% share dividend. Market value of each share – P20 March 10 – Issued and distributed share dividends declared on February 10 June 15 - Declared 20% share dividend. Market value of each share – P25 July 01 - Issued and distributed share dividends declared on June 15 December 03 – Declared cash dividend of P2 per share Retained earnings for the year 2021 would decrease by: a.3,616,000 b.2,336,000 c.3,616,000 d.1,056,000
The charter of a corporation provides for the issuance of 116,962 shares of common stock. Assume that 44,382 shares were originally issued and 3,124 were subsequently reacquired. What is the amount of cash dividends to be paid if a $3 per share dividend is declared? Oa. $123,774 Ob. $9,372 Oc. $133,146 Od. $350,886
See image. CHOICES:a. P905,000 b. P895,000 c. P915,000 d. P900,000
1. see image for the question and statmentchoices: a. 176,000b. 263,000c. 204,000d. 321,000
On 5 March 20X7, Marchant Ltd issued 200,000 5% irredeemable GHS 1 preference shares. In accordance with IAS 32 Financial Instruments: Presentation, how will these shares and their related dividend be shown in Marchant Ltd’s financial statements for the year ended 31 March 20X7?
The following information is available for the common shares of DEF Co.: 50 million shares authorized, 25 million shares issued and outstanding, and 1 million shares in the public float. Calculate DEF's market capitalization if the current market price of the common shares is $25 $25,000,000 O $625,000,000 O $650,000,000 $1,250,000,000
Use good accounting form in solution

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