age selling price of the stock that had been issued as of december 31, 2021? b. The par value of the outstanding shares of ordinary shares as of December 31, 20X2 is shown as P403 million. This is actually a rounded amount. What is the exact par value of the common stock outstanding as of that date? c. How many shares of common stock were issued during 20X2? d. How many shares would Excelsior be allowed to issue during 20X2? pls answer all and i'll give u a g
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a. What is the average selling price of the stock that had been issued as of december 31, 2021?
b. The par value of the outstanding shares of ordinary shares as of December 31, 20X2 is shown as P403 million. This is actually a rounded amount. What is the exact par value of the common stock outstanding as of that date?
c. How many shares of common stock were issued during 20X2?
d. How many shares would Excelsior be allowed to issue during 20X2?
pls answer all and i'll give u a good rate
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- Contributed Capital Adams Companys records provide the following information on December 31, 2019: Additional information: 1. Common stock has a 5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding. 2. Preferred stock has a 100 par value, 3,000 shares are authorized, 800 shares have been issued and are outstanding. Two hundred shares have been subscribed at 120 per share. The stock pays an 8% dividend, is cumulative, and is callable at 130 per share. 3. Bonds payable mature on January 1, 2023. They carry a 12% annual interest rate, payable semiannually. Required: Prepare the Contributed Capital section of the December 31, 2019, balance sheet for Adams. Include appropriate parenthetical notes.3. Akea Corp., reports this journal entry on May 15, 2020: Cash 75,000 Ordinary Share Capital 63,000 Paid in Capital in Excess of Par 12,000 The explanation reads. “Issued ordinary share capital for P50 per share”. Compute the no. of shares issued for this transaction?2. Akea Corp., reports this journal entry on May 15, 2020: Cash 75,000 Ordinary Share Capital 63,000 Paid in Capital in Excess of Par 12,000 The explanation reads. “Issued ordinary share capital for P50 per share”. What is the par value per share for this transaction?
- ABC Corporation provided you the following information on January 01, 2021: Share capital, P10 par P4,000,000 Share premium 800,000 Retained earnings 3,500,000 Treasury shares, P15 cost 450,000 Share transactions for the year 2021: Feb 01 – Reissued 20,000 treasury shares for equipment with carrying amount of P350,000 and fair value of P400,000 March 10 – Issued 50,000 shares for equipment with carrying value of 530,000. Market value of share was P12. March 31 - Declared 10% share dividend. Market value of the share was P15 April 15 - Issued and distributed share dividends declared on March 31. Number of outstanding shares for the year 2021 a. 485,000 b. 484,000 c. 495,000 d. 490,000ABC Corporation provided you the following information on January 01, 2021: Share capital, P10 par P4,000,000 Share premium 800,000 Retained earnings 3,500,000 Treasury shares, P15 cost 450,000 Share transactions for the year 2021: Feb 01 – Reissued 20,000 treasury shares for equipment with carrying amount of P350,000 and fair value of P400,000 March 10 – Issued 50,000 shares for equipment with carrying value of 530,000. Market value of share was P12. March 31 - Declared 10% share dividend. Market value of the share was P15 April 15 - Issued and distributed share dividends declared on March 31. Journal entry on March 10 should include credit to: a.Share capital – 400,000 b.Share premium – 50,000 c.Share premium – 100,000 d.Treasury shares…1. Avalanche Inc. revealed the following information for the year ended December 31. 2021 Preference share. P100 par-P2.4 million; Share premium, preference - P700,000; Ordinary share, P15 par-P3.5 million, Share premium, ordinary-P1.5 million. Subscribed ordinary share - P100,000, Retained earnings - P2 million, Subscription receivable, ordinary - P20,000 How much is the legal capital? A.P6 million B.PB 1 million CP5.9 million D.P8 2 million 2.At the beginning of 2021, DAI Corp. was organized with authorized capital of 200,000, P500 par value shares. The following transactions transpired during its first year of business. February 4- Issued 15.000 shares at P510 per share April 10- Issued 3,000 shares for services received (FMV of the services is P1.7 million). October 23-Issued 5,000 shares in exchange for a land (FMV) the land is P3 million) What amount should be reported as share premium? A.11.500.000 B. 23.000 C.850.000 D.12.350.000 3. At the beginning of 2021, DAI Corp. was…
- The accounts below appear in the December 31, 2020 trial balance of Moon Company: Authorized share capital P5,000.000 Unissued share capital 2,000,000 Subscribed share capital 1,000,000 Subscription receivable 400,000 Share premium 500,000 Retained Earnings unappropriated 600,000 Retained Earnings appropriated 300,000 Revaluation surplus 200,000 Treasury shares at cost 100.000 In its December 31, 2020 statement of financial position, Moon should report total shareholders' equity at?AAA Corporation issues 1,000 P5 par value ordinary shares and 1,000 P20 par value preference shares for a lump-sum of P60,000. At the issue date, the ordinary shares were selling for P36 and the preference shares were selling for P28. How much is recorded in AAA’s statement of financial position for the preference shares? aP26,250 B. P28,750 C. P31,000 D. P36,000Answer with computation and explanation If the total authorized share capital is P1,000,000 at P10 par, the unissued share capital is 25,000 shares, and all the issued shares were sold at P15, then the total shareholders' equity before any operation activities is a 2 750,000. b P1,125,000 c. P375,000. d. P250,000.
- 9. Jones Company reported the following shareholders’ equity on January 1, 2020: • Share capital, P5 par, 600,000 shares authorized, 200,000 shares issued and outstanding, P1,000,000 • Share premium, P6,000,000 • Retained Earnings, P2,800,000 On January 31, 2020, the entity reacquired 10,000 shares at P30 per share to be held as a treasury. On April 1, 2020, half of the treasury shares were issued at P25 per share and the remaining was retired. On July 1, 2020, the entity declared and issued a 20% share dividend when the fair value of the shares is P32. On December 31, 2020, the entity declared and paid a cash dividend of P10 per share. The net income for the current year was P3,000,000. The balance of the retained earnings account on December 31, 2020, is?On May 2020 GSW was organized with 3,000,000 authorized shares of P10 par value ordinary shares, and 300,000 of its ordinary shares were issued for P3,300,000. Net income through December 31, 2020 was P125,000. On July 23, 2021, when the shares were selling at P13 per share, GSW issued 500,000 of its ordinary shares in exchange of a real estate properties which were fairly valued at P6,250,000. A 5% share dividend was declared on October 2, 2021, to shareholders of record on October 23, 2021. The market value of the ordinary shares was P11 per share on the declaration date. GSW net income for the year ended December 31, 2021 was P350,000. During 2022, GSW had the following transactions: In February, GSW reacquired 15,000 of its treasury shares for P12 per share. In June, GSW sold 15,000 of its treasury shares for P12 per share. In September, each shareholder was issued (for each share held) one right to purchase two additional ordinary shares for P13 per share. The rights shall expire…11. The following data of Slapshock Corporation as of December 31, 2019 showed the following: Preference share capital, P 100 par P 820,000; Ordinary share capital, P 30 par, 300,000 shares authorized, 100,000 shares issued and outstanding P3,000,000; Preference share premium P410,000; Ordinary share premium P3,300,000. What was the original issue price per share of preference share capital? 12. Using data in no. 11, what was the original issue price per share of ordinary share capital? 13. Using data in no. 11, how many shares of preference share capital were issued and outstanding as of December 31, 2019?