Compute for the book value per share for:5. Ordinary shares6. Preference shares TINT Corporation presents the following condensed statement of financial position as of the close of the year:CashAccounts PayableOrdinary Share Capital5% Preference Share Capital7% Preference Share Capital520,000550,000Other Assets1,333,000550,000330,000220,000Accumulated Profits203,000P 1,853,000Total AssetsP 1,853,000Total EquitiesThe 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both arefully participating. The par value of all shares is P100.

Book Value per Share - Book Value per Share is calculated by dividing Stockholder's Equity -…

TINT Corporation presents the following condensed statement of financial position as of the close of the year: P 550,000 Accounts Payable Ordinary Share Capital 5% Preference Share Capital 7% Preference Share Capital Cash 520,000 1,333,000 Other Assets 550,000 330,000 220,000 Accumulated Profits P 1,853,000 203,000 P 1,853,000 Total Assets Total Equities The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are fully participating. The par value of all shares is P100.

TINT Corporation presents the following condensed statement of financial position as of the close of the year: P 550,000 Accounts Payable Ordinary Share Capital 5% Preference Share Capital 7% Preference Share Capital Cash 520,000 1,333,000 Other Assets 550,000 330,000 220,000 Accumulated Profits P 1,853,000 203,000 P 1,853,000 Total Assets Total Equities The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are fully participating. The par value of all shares is P100.

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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7. If treasury shares are subsequently retired and the cost of the treasury shares exceeds the par value, the difference is charged Group of answer choices a. first, Share premium from the original issuance and then Retained Earnings. b. first to share premium from original issuance and then share premium from treasury shares of the same class. c. first to share premium from original issuance, and then share premium from treasury shares of the same class and then to retained earnings. d. first to share premium from treasury shares of the same class and then the balance to retained earnings.
A stock's par value refers to the: O A. Value assigned per share by the corporate charter. O B. Market value of the stock on the date of the financial statements. OC. Maximum selling price of the stock.O D. Issue price of the stock.
Which of the following formulas is correct regarding the different status of shares of stock: authorized shares, issued shares, outstanding shares, and treasury shares? a. Issued - Treasury = Outstanding %3D b. Issued + Treasury - Authorized C. Authorized + Treasury = Issued d. Issued + Outstanding + Treasury Authorized
7. Basic earnings per share will serve as a guide to investors as to the attractiveness of ordinary shares as an investment. TRUE FALSE 8. Book value per share is computed by dividing the net assets to the total number of shares outstanding. TRUE FALSE 9. Which of the following is entitled to dividends? Total outstanding liability Total authorized shares Total shares issued Total shares issued, net of treasury shares
a. Times interest earned ratio times b. Earnings per share on common stock c. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield % %24
When computing the basic earnings per share in a structure where there are cumulative preference shares, the net income to ordinary shares is equal to the actual net income of the company a. Add current dividend for preference shares whether declared or not b. Less current dividend for preference shares whether declared or not c. Less current dividend for preference shares only when declared d. Less current and previous dividend for preference shares declared or not e. Add current dividend for preference shares only when declared
Most preferred shares are cumulative. Explain what this means.
The price-earnings ratio on common stock is calculated as a.market price per share of common stock, divided by earnings per share on common stock b.market price per share of common stock, divided by dividends per share of common stock c.earnings per share of common stock, divided by market price per share of common stock d.dividends per share of common stock, divided by earnings per share on common stock