A listed company has made a profit after tax of RM1,500,000 in the year ended 31 December 2021. It has 10,000,000 ordinary shares in issue. It also has 2,000,000 10% preference shares in issue. Calculate the earnings per share for the year ended 31 December 2021.

Q: A machine could be purchased for £800,000; it would be used for 3 years and then sold for £580,000. ...

A: NPV(Net present value) is a capital budgeting technique which is used when the company wants to inve...

Q: Fill in the blanks: Pasig Corp uses job order costing to produce its products. It applied a factory ...

A: The overhead is said to be overapplied when actual overhead is less than the applied overhead cost. ...

Q: : An employer in Nesconset, New York, employs three individuals, whose taxable earnings to date (pri...

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new ques...

Q: Question 19: Which statement is incorrect regarding wage garnishments? Answer: А. They are only orde...

A: Wage garnishment is legal proceeding in which person earning required by court or legal proceeding.

Q: The following information concerns production in the Baking Department for December. All direct mate...

A: Cost of Equivalent units of production is  the cost of the total amount of work done during the prod...

Q: 1.Which of the following is not true about FICA?

A: GIVEN   the following is not true about FICA

Q: The ending balance of ABC’s equity shows P 1,260,000. Tihs is affected by the following transactions...

A: Solution: Ending balance of equity = P1,260,000 Share capital = P1,000,000 Ending balance of retaine...

Q: na purchased an equipment from Nightshade worth P1,000,000. Mirana only paid 30% as down payment 10....

A: Answer to 10 . Calculat of Accounts Payable. Purchase price of equipment = P1000000 Down payment = 3...

Q: Peaceful Enterprises financial statements for the year ended December 31, 2021 are authorized for is...

A: Adjusting events are those events that occurs after reporting date ( i.e. balance sheet date ) but u...

Q: ABC Company issued 50,000 shares for P100 per share. Par value of the shares is P10. During the year...

A: Treasury stock: Shares that are bought back by the company from the open market but not retired from...

Q: 7. Answer the following questions, considering each situation independently. You might not be able t...

A: Given Profit =$200,000  

Q: Question 5: The contribution limit for a Payroll Deduction IRA increases once an employee reaches ye...

A: The correct answer is option (c)50

Q: A company sclls two products, one with sales of $10,000 and variable another with sales of $46,000 a...

A: Solution Note Dear student as per the Q&A guideline we are required to answer the first question...

Q: Non-recognition of deferral at the end of the accounting period will Group of answer choices unders...

A: Ans. In case of non-recognition of deferral the income or expenses which is deferred but not recogni...

Q: Jerome's Fashion Dezigns sells a variety of items of clothing including footwear for men and uses a ...

A: calculation of cost of 60 pairs as per FIFO method 35 pairs remaining from Oct 10 purchases= 35* (59...

Q: Sports Socks has a policy of always paying within the discount period and each of its suppliers prov...

A: Solution: Balance in accounts payable for a month will be purchase unpaid during particular month an...

Q: Assuming that you were a tax consultant of a certain company, discuss the specific provisions of the...

A: Tax Planning: Tax planning is the investigation of a monetary circumstance or plan to guarantee that...

Q: Depreciation of equipment during 2021 was understated by P 12,000. What would be the adjusting entry...

A: In 2021 depreciation expense is understated which means Accumulated depreciation is understated and ...

Q: An employer in Cleveland, Ohio, employs two individuals, whose taxable earnings to date (prior to th...

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: During the current year holiday season, Bob, a barber, gave business gifts to 34 customers. The valu...

A: The correct answer is option (a)$700

Q: What are some of the pros and cons of the Ceres (non-profit organization) CSR reporting framework?

A: Ceres was one of the first organizations to introduce formally the concept of CSR reporting.

Q: Taxpayers choosing the Section 179 election to expense: a.May depreciate the amount of the asset cos...

A: Section 179 is a deduction allowable to the individual carrying on the business and having the tangi...

Q: Daniel has just won the Flyball Lottery. Ha has tvo options for recsiving his prize. The first optio...

A: Answer a) Calculation of Present value if amount can be reinvested at 10% Option -1 Since the amount...

Q: How much is her EBITDA at the end of the first month?

A: EBITDA is an acronym of earnings before interest tax depreciation and amortization, this is used by ...

Q: Assume the following: Lomo Engineering Company had the following transactions: Jan-01    Issued cap...

A: Financial statements are written documents that describe a company's operations and financial perfor...

Q: Consider country G, which is a closed economy. Suppose that G’s investment is 200, disposable income...

A: In a closed economy, the national income identity is: Y= C+I+G I= Y-C-G (In a closed economy nationa...

Q: how can it maximize profit if a minimum demand of 100 pounds for each drug also must be met?

A: Profit maximization is the act of strategy of the company to produce the products at that level at w...

Q: Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $11,00...

A: Bad debt recovered should be recorded with an increase in a cash account and a decrease in account r...

Q: TB MC Qu. 07-116 (Algo) Giorgio Italian Market bought... Giorgio Italian Market bought $5,200 worth ...

A: A journal entry is used to record a commercial transaction in the accounting records of a corporatio...

Q: The Stewart Cake Factory sells chocolate cakes, birthday decorated cakes, and specialty cakes. The f...

A: Contribution is the amount left after all direct costs have been subtracted from sales price. The ne...

Q: Costs assigned to an activity pool for teaching children to swim at the county park are $2,700 per m...

A:  In the given question , estimated overhead's is given as $2700. Also, Activity given to 300 student...

Q: ABC company had the following transactions and events during the ycar ended 31 March 2022. The compa...

A: Cost of goods manufactured = beginning WIP + costs incurred - ending WIP Cost of goods sold = Beginn...

Q: This type of financial statement is basically produced by deducting expenses from the revenues of an...

A: Financial Statements: Written documents that communicate information about a company's business oper...

Q: I buy house on credit. The operation will Select one: O a. not change my total assets O b. decrease ...

A: The assets are the accounts which are owned by the business. The assets have debit balance.  The lia...

Q: A docs.google.com cuspace.h... fn https://soul2.hkuspace.h. n https://soul2.hkuspace.h. G Google Doc...

A: The question is related to Marginal Costing. The Contribution Margin is calculated with the help of ...

Q: In 2020, Paul, who is single, has a comfortable salary from his job as well as income from his inves...

A: The amount which a taxpayer has to pay in excess of regular tax amount due towards IRS because of la...

Q: Allied Plumbing spent $16,120 this year on delivery costs alo total sales were $555,400, what percen...

A: The question is based on the concept of Financial Accounting.

Q: Calculating Standard Quantities for Actual Production Guillermo's Oil and Lube Company is a service ...

A: The question is based on the concept of Cost Accounting.

Q: Please compute the sales tax and the credit card expense for this purchase. $80 sale with a 5% sales...

A: Calculation of sales ta and credit card expenses are as follows.

Q: RJD Corporations had the following authorized capital on December 31, 2020: 10,000 shares of $100 pa...

A: GIVEN   RJD Corporations had the following authorized capital on December 31, 2020:10,000 shares of ...

Q: 198,000       Accounts payable          149,000  Inventory    80,000       Jade, capital (40%)      ...

A:  Inventory            80,000  Plant Assets         2,30,000  Non Cash Assets         3,10,000 ...

Q: Employment contracts typically contain all of the following: O Duration O Start date, compensation/b...

A: Employment contract is a contract between employer and employee. It is a written agreement which con...

Q: ABC Company provided you the following net income and inventories for 2021 and 2022:               ...

A: While calculating net income as per Weighted average method, ending inventory as per weighted averag...

Q: Question 13: Louisa is an employee of Maroon Corp. Louisa files as Married Filing Jointly on her tax...

A: Married Filing Jointly: Married filing jointly is a recording status for wedded couples who have mar...

Q: Question 6: What is the earnings threshold over which an employee whose filing status is Married Fil...

A: From 2013 onwards Additional medicare tax came into force. 

Q: 860,000 692,000 ce 46,120 64,600 788,000 836,000 16,000 20,000

A: a. Gross profit Rate for 2020 as, (Gross profit/ net sales) x 100  Net sales - cost of goods sold Ne...

Q: Shares were issued at 160 each but the issuance cost is 10 per share. The expected dividend to be re...

A: 1) Computation of cost of equity ( Dividend price approach ): According to the Dividend price approa...

Q: On December 31, 2018, ABC Corp. acquired Garlic Corp.’s P1,000,000 notes for P927,880. The market in...

A: The impairment is recognized when the value of assets is lower than its book value.

Q: Particulars Credit balance as per cash book 5,000 Cheques issued, but not yet presented for payment ...

A: Sometimes the balance of the cash book and the bank statement doesn't matches. In order to reconcile...

Q: The Souvenir Company purchased, on 1 January 2015, a machine producing embossed  souvenir badges. Th...

A: When employing the decreasing balance depreciation approach, depreciation expenses decrease with eac...

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.