19. The following summarizes the results of the liquidation process of Rhadvix Co.'s operations:Gains on realization of assets720,0001,280,000Losses on realization of assetsAdditional assets discovered and realized duringliquidationAdditional liabilities recorded and settled duringliquidationShare capital (at original book value)Deficit (at original book value)200,000120,0002,800,0001,200,000What is the recovery percentage of the shareholders based on the carrying amount of equity?a. 80%b. 70%c. 76%d. 75%

Gain on Realized Assets 720000 Loss on realization of Assets 1280000 Additional Assets…

Answered: What is the recovery percentage of the…

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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The ____________________per share is the amount of income attributable to each share ofcommon stock.a. earningsb. market valuec. book valued. preferred value
Is there anything in the shareholders' equity statement? What's the difference between the shareholders' equity and the retained profits statements?
Q39 Return that a shareholder gets from the company, out of its profits, on his shareholdings, is called a. Dividends b. Retained Earnings c. Return on Shareholdings d. Return on Earnings
What us earnings per share? What us its significance to the shareholders? How is it computed if: Only one class of share capital is outstanding Two classes of share capital are outstanding
14. What are dividends in arrears? How do they affect the allocation of dividends to preference and ordinary shareholder if: a. Preference share capital are noncumulative b. Preference share capital are cumulative 15. What is the significance of book value per share? How is it computed if a. Only one class of share capital is outstanding? b. Two classes of share capital are outstanding? 16. What is earnings per share? What is its significance to the shareholders? How is it computed if a. Only one class of share capital is outstanding? b. Two classes of share capital are outstanding?
what is the shareholder's total rate of return?
Net income reported by a company has what impact on retained earnings and total stockholders equity
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
Equity gains are normally ________ to the _________ account. credited; Share Premium debited; Retained Earnings debited; Share Premium credited; Retained Earnings
Owner’s equity represents which of the following? a. the total of retained earnings plus paid-in capital b. the sum of the retained earnings and accounts receivable account balances c. the business owner’s/owners’ share of the company, also known as net worth or net assets d. the amount of funding the company has from issuing bonds
Net income, less preferred dividends, divided by the average total number of outstanding shares is the: Group of answer choices A6Return on equity ratio b)Earnings per share c)Book value per share d)Profit margin e)None of the above
What does it mean to state that a company’s book value per share of common Q stock is less than its market value per share of common stock?

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What is the recovery percentage of the shareholders based on the carrying amount of equity? 000/