What is the balance of the share premium account immediately after the retirement of the shares?

Q: Green Corporation is authorized to issue 120,000 common shares and 80,000, $4 preferred shares. At…

A: Shareholder’s Equity:  It can be referred to as one of the parts of the balance sheet other than the…

Q: On January 1, 2021, MARVEL Corporation's shareholders' equity comprised of P5,000,000 share capital,…

A: Retained earnings are the accumulated free reserves of the entity. Dividends paid are made from the…

Q: AIM Inc. showed the following equity account balances on the December 31, 2019, balance sheet:…

A: Shares that are repurchased and cancelled by the company are called as retired shares.

Q: MM Co. had 100,000 shares of ordinary share issued and outstanding at January 1, 2021. During 2021,…

A: Shares are split by 2-for-1. Each share is converted into 2.  Total shares outstanding before stock…

Q: Mann Corporation decided to issue common stock and used the $120,000 proceeds to retire all of its…

A: The company computes ratio to evaluate the performance of the entity. For example solvency ratio are…

Q: Statement of Changes in Equity. The following balances were taken from the December 31, 2020…

A: Value of new Ordinary shares issued = No. of Ordinary shares  issued x Issue value p-er share =…

Q: Calculate earnings per share for 2020 as it should be reported to shareholders. (Round answer to 2…

A: Earnings per shares refers to the profit earned by each shareholder after paying all the expenses of…

Q: The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,435,000,…

A: An organization is typically doing well if its core operations are producing more cash than it is…

Q: If income tax rate is 30%, how much is the diluted EPS for the year ended December 31 , 2020

A: Formula: Diluted EPS=Net Income-Preferred Dividend PaidWeighted Avarage No of common shares+…

Q: ABC SAOG has in issue 2,000,000 ordinary shares of OMR 0.500 fully paid. On 31st Dec 2018 management…

A: given that, number of shares =  2,000,000 ordinary shares  On 31st Dec 2018 management board has…

Q: The condensed balance sheet of C Company as of December 31, 2020 is shown below:   On January 1,…

A: Business combination refers to the combination of transaction or event under which the investor…

Q: A partial list of the accounts and ending account balances taken from the post-closing trial balance…

A: Shareholders Equity Equity held by shareholders refers to the sum that a company's founders have…

Q: The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,405,000,…

A: Here, Previous Year Long Term Debt $ 1,405,000.00Current Year Long Term Debt $ 1,590,000.00Previous…

Q: Delta NV has share capital of $l m in shares of $0.25 each. At 31 May 2019 shares had a market value…

A: Right Issue :— It is the new shares issued to existing equity shareholders at lower price.…

Q: The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,405,000,…

A: Operating cash flow, also known as cash flow from operations (CFO), is a measure that reflects the…

Q: The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,400,000,…

A: Operating cash flows (OCF) are the cash flows generated from normal operations- Selling and…

Q: ABC Company had 100,000 of P 15 par value ordinary shares on January 1,2019. During 2019, the…

A: The treasury share are the buy back shares of the company.

Q: The opening balances on the Statement of Changes in Equity for Twatasha limited company as at 1…

A: STATEMENT OF SHAREHOLDERS EQUITY   The Statement of Stockholders Equity is the difference between…

Q: The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,420,000,…

A: OCF is One of the most important financial metrics, This shows the amount of money earned or spent…

Q: On July 1, 2021, Funk Company has 400,000 shares of P25 par ordinary outstanding and the market…

A: Number of shares outstanding after split = Number of shares outstanding before split x Split ratio…

Q: On January 1, 2020, Blue Company’s board of directors declared a cash dividend of P6,000,000 to…

A: The regular dividend can be defined as the distribution of profits to the shareholders of the…

Q: ABC Company had 100,000 of P 15 par value ordinary shares on January 1,2019. During 2019, the…

A: Treasury shares are those shares which are being repurchased by the business from the open market…

Q: Presented below is information related to Alligator Corporation for 2019. 1. On March 1, Alligator…

A: NOTE : As per BARTLEBY guidelines, when multiple sub parts are given then first three questions are…

Q: Lonnie Shelton Corp (LSC) had Shareholder's Equity of $2200 at the end of 2019 and $2100 at the end…

A: Shareholders Equity refers to amount that is invested by shareholders/owners of company in form of…

Q: The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,425,000,…

A: Operating Cash Flows = 611,500 See solution and explanation below. Thanks.Explanation:Step 1: Solve…

Q: Prepare the note disclosure required (e) On 10 September 2021, the company paid a dividend of…

A: Notes to accounts are disclosures made by the company regarding the calculation and other details of…

Q: NEED ASAP. Solve correctly and show your computations. In 2020, ABC Corporation issued 50,000…

A: Treasury stock is the stock that the company buys from its existing shareholders.

Q: On January 1, 2021, MNO Corp. paid $200,000 for its investment in 10,000 shares of XYZ Inc. of the…

A: Investment in Shares:Sometimes companies make investments in other companies by buying their shares.…

Q: ABC Co. issued a prospectus for the issue of 900,000shares at $6 per shares on 1 January 2019. The…

A: Given:  ABC Co. issued a prospectus for the issue of 900,000shares at $6 per shares on 1 January…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.