INTER. ACCOUNTING - CONNECT+ALEKS ACCESS
10th Edition
ISBN: 9781264770335
Author: SPICELAND
Publisher: MCG
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Please answer number 16 and 17. Show solution and explanation.
Show the balance sheet presentationof the investments at December 31,2019.At this date,Ramey Associates has common stock TK.15,00,000 and retained earnings TK.10,00,000.
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- Which of the following alternatives represents the correct amount that must be disclosed as proceeds from issue of shares in the financing activities section in the statement cash flows of Honey Limited for the year ended 30 September 2022?arrow_forwardCapital Stock Refer to the information for Stahl Company above. Required: What is the amount of Stahls total contributed capital at December 31, 2019?arrow_forwardDuring 2021, Anthony Company purchased debt securities as a long-term investment and classified them as trading. All securities were purchased at par value. Pertinent data are as follows: The net holding gain or loss included in Anthonys income statement for the year should be: a. 0 b. 3,000 gain c. 9,000 loss d. 12,000 lossarrow_forward
- How much is the ordinary share capital as of December 31,2019? How much is the total shareholder's equity at December 31,2019? How much is the balance of the treasury shares as of December 31,2019? How much is the total contributed capital as of December 31,2019? What is the total amount of dividends charged to the retained earnings for the year 2019?arrow_forwardHow much is the retained earnings – appropriated? 2. How much is the total legal capital of BEBEBOY?arrow_forwardAt what amount is the investment in securities reported on the balance sheet under each of these methods at December 31, 2026? What is the total net income reported in 2026 under each of these methods?Kingbird Donald Inc. acquired 20% of the outstanding common stock of Theresa Ivanhoe Inc. on December 31, 2025. The purchase price was $1,205,000 for 48,200 shares. Ivanhoe Inc. declared and paid an $0.85 per share cash dividend on June 30 and on December 31,2026 . Ivanhoe reported net income of $692,000 for 2026 . The fair value of Ivanhoe's stock was $28 per share at December 31 ,2026, Assume that the security is a trading security.arrow_forward
- Please help mearrow_forward. During 2022, ABC Corp. acquired 500 shares of XYZ stock at P30 per share. ABC accounted for the stock as FVOCI financial assets. The market price per share of ABC's stock as of December 31, 2022 and 2023, is P22.50 and P39.50, respectively. How much-unrealized gain or loss on long-term investments should ABC report on its December 31, 2022, statement of comprehensive income? Use negative sign for the unrealized loss How much unrealized gain or loss on long-term investments should ABC report on its December 31, 2022, stockholder’s equity? Use negative sign for the unrealized loss How much-unrealized gain or loss on long-term investments should ABC report on its December 31, 2023, statement of comprehensive income? Use negative sign for the unrealized loss How much-unrealized gain or loss on long-term investments should ABC report on its December 31, 2023, stockholder’s equity? Use negative sign for the unrealized lossarrow_forwardAlbay Company had the following shareholders' equity on Problem 23-16 (PHILCPA Adapted) January 1, 2020: Preference share capital, P100 par, 10% cumulative Ordinary share capital, no par, P5 stated value Share premium Retained earnings Treasury ordinary shares 2,000,000 5,150,000 3,500,000 4,000,000 400,000 On January 15, 2020, the entity formally retired all the 30,000 treasury shares. The treasury shares were originally issued at P10 per share. The entity owned 10,000 shares of Digos Company purchased for P800,000. The Digos shares were included in noncurrent equity securities. On December 31, 2020, the entity declared a dividend in kind of one share of Digos for every hundred ordinary shares held by a shareholder. The fair value of the Digos share is P90 on December 31, 2020. The dividend in kind was distributed on March 15, 2021 when the fair value of Digos share is P95. On December 31, 2020, the entity declared the yearly cash dividend on preference share, payable on January 15,…arrow_forward
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