What amount of the proceeds should be allocated to Hans’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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- 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?(e) Suppose that on 31 Dec 2020 ABC purchased a new logistics and storage facility for€100.000, to be depreciated straight line over 10 years starting in 2021. This investment isfunded by an issuance on 31 Dec 2020 of 10.000 preference shares with 5%/yearcumulative dividends and €10/share Par value. Preference dividends shall only accrue andbe payable in 2021. Answer the following questions: Describe how this new investment and financing will change selected lines in theabove Adjusted Trial Balance. Use all relevant information in the above Adjusted Trial Balance, including the newfinancing, to show ABC’s Shareholder’s/Owner’s Equity as of 31 Dec 2020.On March 1, 2019, Mall Co. issued 60,000, P50 par value, ordinary shares and 20,000, P100 par value, preference shares for a total consideration of P7,500,000. At this date, the ordinary share was selling for P100 per share and the preference share was selling for P150 per share. What amount of the proceeds should be allocated to the preference shares?
- In 2019, Cassandra Company issued for P110 per share, 15,000 convertible preference shares of P100 par value. One preference share may be converted into three ordinary shares of P25 par value at the option of the preference shareholder. On December 31, 2020, all of the preference shares were converted into ordinary shares. The market value of the ordinary share at the conversion date was P40. What amount should be credited to ordinary share capital on December 31, 2020?In 2019, Cassandra Company issued for P110 per share, 15,000 convertible preference shares of P100 par value. One preference share may be converted into three ordinary shares of P25 par value at the option of the preference shareholder. On December 31, 2020, all of the preference shares were converted into ordinary shares. The market value of the ordinary share at the conversion date was P40. What amount should be credited to ordinary share capital on December 31, 2020? a. P1,800,000 b. P1,500,000 c. P1,125,000 d. P1,650,000Compute the following: 5. Assuming that on July 1, 2020, Kangaroo Company purchased its own share atP10.00. How much is the book value per share for the year 2020?6. Assuming that there is a cumulative and participating preference share, how thiswill affect the book value per share computation? Explain briefly.
- Compute the following: 1. Book Value per share as of December 31, 2019.2. Book Value per share as of December 31, 20203. Book value as of December 31, 20204. Book value per share as of December 31, 20205. Assuming that on July 1, 2020, Kangaroo Company purchased its own share atP10.00. How much is the book value per share for the year 2020?6. Assuming that there is a cumulative and participating preference share, how thiswill affect the book value per share computation? Explain briefly. PROVIDE A SOLUTION AND NO PLAGIARISM THANK YOU!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?At what amount should the investment be recorded initially? 2. On April 15, 2021, Pepper purchased 15,000 shares of Atty Group for P150,000. The commission paid to the broker amounted to P8,500. Management made an irrevocable choice to subsequently measure the shares at FVOCI. At what amount should the investment be recorded initially?
- During 2021, Lamb Company issued 10,000 shares of P100 par value convertible preference share for P110 per share. One preference share can be converted into 3 shares of Lamb’s P25 par ordinary share at the option of the preference shareholder. On December 31, 2021, when the market value of the ordinary share was P40, the entire preference share was converted. How much should Lamb credit to Share premium as a result of the conversion?During 2019, ABC Company issued 50,000, P100 par value convertible preferenceshares for P120 per share. One preference share can be converted into three ordinaryshares at P50 par value. on December 31, 2019, when the market value of theordinary shares was P60, all of the preference shares were converted. What amountshould be debited to retained earnings as a result of the conversion?In 2020, Caroline Company issued for P105 per share, 8,000 shares of P100 par value convertible preference share capital. One preference share can be converted into three ordinary shares of Caroline’s P25 par value at the option of the shareholder.In August 2021, all the preference shares were converted into ordinary shares. The market value of the ordinary share on the date of conversion was P30 per share.What amount should be credited to share premium as a result of the issuance of the preference shares and its subsequent conversion into ordinary shares?