94. Mara Company provided thefollowing data at year-end: *Authorized share capitalUnissued share capitalSubscribed share capitalSubscription receivableShare premiumRetained earnings unappropriatedRetained earnings appropriatedRevaluation surplus5,000,0002,000,0001,000,000400,000500,000600,000300,000200,000100,000Treasury shares, at costWhat total amount should be reported as shareholders' equity?O A. 4,800,000O B. 4,900,000O C. 5,100,000O D. 5,500,000

Shareholders equity in the business means the total amount attributable to the shareholders of the…

94. Mara Company provided the following data at year-end: * 5,000,000 2,000,000 Authorized share capital Unissued share capital Subscribed share capital Subscription receivable Share premium Retained earnings unappropriated Retained earnings appropriated 1,000,000 400,000 500,000 600,000 300,000 Revaluation surplus Treasury shares, at cost What total amount should be reported as shareholders' equity? 200,000 100,000 O A. 4,800,000 O B. 4,900,000 O C. 5,100,000 O D. 5,500,000

94. Mara Company provided the following data at year-end: * 5,000,000 2,000,000 Authorized share capital Unissued share capital Subscribed share capital Subscription receivable Share premium Retained earnings unappropriated Retained earnings appropriated 1,000,000 400,000 500,000 600,000 300,000 Revaluation surplus Treasury shares, at cost What total amount should be reported as shareholders' equity? 200,000 100,000 O A. 4,800,000 O B. 4,900,000 O C. 5,100,000 O D. 5,500,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 23E

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Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 2016, were as follows: a. Issued 15,000 shares of 20 par common stock at 30, receiving cash. b. Issued 4, 000 shares of 80 par preferred 5% stock at 100, receiving cash. c. Issued 500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. d. Declared a quarterly dividend of 0.50 per share on common stock and 1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. e. Paid the cash dividends declared in (d). f. Purchased 7,500 shares of Solstice Corp. at 40 per share, plus a 150 brokerage commission. The investment is classified as an available-for-sale investment. g. Purchased 8,000 shares of treasury common stock at 33 per share. h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for 24 per share. Pinkberry has 125,000 shares issued and outstanding. Equinox Products Inc. treated the investment as an equity method investment. i. Declared a 1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. j. Paid the cash dividends to the preferred stockholders. k. Received 27,500 dividend from Pinkberry Co. investment in (h). l. Purchased 90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of 37 5. The bonds are classified as a held-to-maturity long -term investment. m. Sold, at 38 per share, 2,600 shares of treasury common stock purchased in (g). n. Received a dividend of 0 .60 per share from the Solstice Corp. investment in (f). o. Sold 1,000 shares of Solstice Corp. at 45, including commission. p. Recorded the payment of semiannual interest on the bonds issue d in (c) and the amortization of the premium for six months. The amortization is determined using the straight-line method . q. Accrued interest for three months on the Dream Inc. bonds purchased in (I). r. Pinkberry Co. recorded total earnings of 240 ,000. Equinox Products recorded equity earnings for its share of Pinkberry Co. net income. s. The fair value for Solstice Corp. stock was 39. 02 per share on December 31, 2016. The investment is adjusted to fair value , using a valuation allowance account. Assume Valuation Allowance for Available-for-Sale Investments h ad a beginning balance of zero. Instructions 1. Journalize the selected transactions. 2. After all of the transaction s for the year ended December 31, 201 6, had been poste d [including the transactions recorded in part (1) and all adjusting entries), the data that follows were taken from the records of Equinox Products Inc. a. Prepare a multiple-step in come statement for the year ended December 31, 201 6, concluding with earnings per share . In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were 100,000. ( Round earnings per share to the nearest cent.) b. Prepare a retained earnings statement for the year ended December 31, 20 6. c. Prepare a balance sheet in report form as of December 31, 2016.
Mara Company provided the following data at year-end:Authorized share capital 5,000,000Unissued share capital 2,000,000Subscribed share capital 1,000,000Subscription receivable 400,000Share premium 600,000Retained earnings unappropriated 600,000Retained earnings appropriated 300,000Revaluation surplus 200,000Treasury shares, at cost 150,000What total amount should be reported as shareholders’ equity?
HHH Company provided for the following shareholders’ equity on December 31, 2020: Share capital, P100 5,000,000 Share premium 1,000,000 Retained earnings unappropriated 1,500,000 Retained earnings appropriated for contingencies 500,000 Revaluation surplus 800,000 8,800,000 Compute for the book value per share on December 31, 2020
Sabo Company reported the following shareholders’ equity at year end:6% noncumulative preference share share capital, P100 par,Liquidation value of P105 per share 1,000,000Ordinary share capital, P100 par 3,000,000Retained earnings 950,000Preference dividends have been paid up to December 31, 2020. What is the book value per ordinary share?
An entity provided the following shareholders' equity at year-end:Ordinary share capital, P100 par, 72,000 shares 7,200,000Subscribed ordinary share capital, 12,000 shares 1,200,000Subscription receivable 400,000Treasury shares, 4,000 at cost 600,000Retained earnings 2,000,000What is the book value per ordinary share?
Kremlin Company reported the following shareholders' equity at year-end: Share capital, P30 par value, P3,000,000; Share premium, P600,000; Retained earnings, P4,200,000. A 20% share dividend was declared and distributed at year-end when entity's share was selling at P65. What amount should be reported as share capital outstanding?
ABC Company provided the following information on December 31, 2020Share capital                                                                                         5,000,000Subscribed share capital 3,000,000Subscription receivable 2,000,000Share premium                                                                                     1,500,000Treasury Shares, at cost                                                                         700,000Retained Earnings                                                                                 1,000,000Cumulative unrealized gain on Financial Asset at FVOCI                        600,000What is the contributed capital on December 31, 2020?
The accounts below appear in the December 31,2020 trial balance of Luna Company: Authorized share capital                                               30,000,000 Unissued share capital                                                   5,000,000 Subscribed share capital                                                3,000,000 Subscription receivable                                                 1,000,000 Share premium                                                                 10,000,000 Retained earnings unappropriated                           6,000,000 Retained earnings appropriated                                 2,000,000 Revaluation surplus                                                         4,500,000 Treasury shares, at cost,                                                1,500,000 In its December 31, 2020 statement of financial position, Luna should report total equity at:
Cabuslay Company showed the following shareholders’ equity on December 31, 2021: Ordinary share capital, P100 par 2,000,000 Preference share capital, 8% P50 par, cumulative and participating 2,500,000 Preference share capital, 10% P50 par, noncumulative      and participating 1,500,000 Retained earnings 270,000 Dividends are in arrears for two years, and preference share has preference as to assets.Compute the Book value per ordinary share
Roma Company provided the following shareholders’ equity at year-end:Preference share capital, P100 par, 100,000 sharesAuthorized and 80,000 shares issued8,000,000Ordinary share capital, P50 par, 500,000 sharesAuthorized and 200,000 share issued10,000,000Share premium2,000,000Retained earnings5,000,000The preference dividends are in arrears for two years and the preference rate is 12%.The preference share is cumulative and fully participating.The board of directors intended to pay cash dividend of P10 per share to ordinaryshareholders.Required:Compute the maximum amount of dividend to be declared in order to meet the dividendobjective of the board of directors.
Charice Company revealed the following shareholder’s equity at year end:Preference share capital, P100 par 2,300,000Share premium – PS 805,000Ordinary share capital, P15 par 5,250,000Share premium 2,750,000Subscribed ordinary share capital 500,000Retained earnings 1,900,000Note payable 4,000,000Subscription receivable - ordinary 400,000How much is the legal capital?
#17The following data are presented for Caroline company for the year ended December 31, 2020.Preference share capital authorized, 100 par, P15,000,000, Ordinary share capital authorized,10 par, P6,000,000, Unissued preference share capital, P5,400,000, Unissued ordinary sharecapital, P3,000,000, Subscriptions receivable, ordinary, P540,000, Subscriptions receivable,preference, P570,000, Preference share capital subscribed, P900,000, Ordinary share capitalsubscribed, P660,000, Treasury preference shares (700 shares at cost), P2,040,000, Sharepremium, P2,550,000, Retained earnings, P6,000,000. What is the amount of shareholder’sequity on December 31, 2018? 19,560,000 pls provide solution for this answer