What amount of the proceeds should be allocated to Hans’s convertible preference share?
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Q: amount of the proceeds should be allocated to Riza's convertible preference share?
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NEED ASAP. Solve correctly and show your computations.
On March 1, 2021, Hans Corp. issued 1,000 shares of its P20 par value ordinary share and 2,000 shares of its P20 par value convertible
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- Gemilang Bhd has share capital of RM1 million in shares of 25 sen each. At 31 May 2022 shares had a market value of RM1.10 each. On 1 June 2022, the company makes a right issue of 1 shares for every 4 held at RM0.60 per share. Its profit were RM500,000 in 2022 and RM440,000 in 2021. The year-end is 30 November. Calculate (a) the theoretical ex-rights price; (b) the bonus issue element; (c) the basic earnings per share for 2021; and (d) the basic earnings per share for 2022.Please give solutions and explanation to the three questions. The correct answer is already given, just provide me with solution. "The shareholders equity section of N Company at the end of the 2021 and 2020 are as follows: (2021) 10% Preference share, P100 par P1,500,000; Ordinary share, P20 par P1,000,000; Share premium-preference P210,000; Share premium-ordinary P400,000 (2020) 10% Preference share, P100 par P800,000; Ordinary share, P20 par P600,000; Share premium-ordinary P200,000. How many preference shares were issued during 2021?" Answer: 7,000 shares "The following are found in the trial balance of M Corporation at December 31, 2021: Authorized ordinary share, P50 par value P3,000,000; Subscription receivable P200,000; Unissued ordinary share P1,000,000; Subscribed ordinary share P500,000; Share premium ordinary P100,000. What is the total contributed capital?" Answer: P2,600,000 "The shareholders equity section of N Company at the end of the 2021 and 2020 are as follows:…NEED ASAP. Solve correctly and show your computations. In 2020, ABC Corporation issued 50,000 shares of P10 par value for P100 per share. In 2021, the entity reacquired 2,000 shares at P150 per share and immediately canceled these 2,000 shares. In connection with the retirement of shares, what amount should be debited to Share Premium, and Retained Earnings, respectively?
- The income statement of PNE Inc. in 2022 reflects a net Income of P2,050,000. The dividend policy of the company is to pay an annual cash dividend of P2 per share to common stock regardless of the market price of the share. If the dividend yield determined for the last day of 2022 is 20%, how much is the fair value of the share? (per share)During 2019, Honeymooners Companies issued 4,000 preferred shares with par value of $ 1 to $ 11 each. Each preferred share can be exchanged (convert), at the option of the holder (investor), for three Honeymooners common shares with par value of $ 2. In April 2020, all preferred shares were exchanged. At the time of the exchange, how much must Honeymooners credit to the contributed capital account in excess of par value of commons? Select one: to. $ 44,000 b. $ 0 c. $ 40,000 d. $ 20,000Last August 7, 2021, Violet Company issued 2,000 shares of its P10 par value ordinary share capital in exchange for a piece of land to be held for a future plant site. Violet Co.'s ordinary share capital was listed and traded at P27 per share on the same date. The land has no known market value. How much is the increase in ordinary share premium resulting from this exchange? a.) P40,000 b.) P20,000 c.) P0 d.) P34,000 SHOW COMPLETE SOLUTION DO NOT GIVE SOLUTION IN IMAGE FORMATE
- Solve the problem.on March 1, 2021, Riza Corp. Issued 1,000 shares of its P20 par value ordinary share and 2,000 shares of its P20 par value convertible preference share for a total of P80,000. At this date, Riza ordinary share was selling for P36 per share, and the convertible preference share was selling for P27 per share. What amount of the proceeds should be allocated to Riza's convertible preference share?During 2020, Nishinoya Corporation 5,000 convertible preference shares of P100 par value per share for P 110 per share. One Preference share can be converted into three Ordinary shares of P 25 par value at the option of the preference shareholder. On December 31, 2020, when the market value of the Ordinary share was P40 per share, all of the Preference shares were converted. How much is the indicated gain(loss) as a result of the conversion?
- ABC Corporation invested in one of DEF's ordinary shares that has a par value of P500 and a market value of P625 on January 1, 2021. The 2020 dividend paid to each shareholder amounted to P120. The dividend rate is not expected to grow. what is the value if the required rate of return is 17%? *The Royal Gold’s stock currently sells for RM 90 per share. The firm issued rights to raise new equity. To purchase a new share, a stockholder must remit RM 25 and four rights. (Tip: use ratio perspective to approximate the share of quantity.) (a) Compute the ex-rights stock price.(see attached image, kindly answer it based on your knowledge, thank you!)
