Al Anwar Company has 10,000 shares authorized, OMR2 par value, 4,000 shares issued and outstanding ordinary shares and 5% cumulative non - participating, 5,000 shares authorized, OMR10 par value, 1000 shares issued and outstanding preference shares. The Company issued 300 ordinary shares and 100 preference shares for a total lump - sum price of OMR5,000. How much would be the value of ordinary shares assuming that ordinary shares and preference shares have fair market values ​​of OMR8 per share and OMR16 per share respectively.

Q: 2. LAVENDER Corporation issued 20,000 shares of its P70 par value ordinary share capital and 8,000…

A: Correct option is C. i.e P400,000

Q: On April 1, 20x9, Hyde Corp., a newly formed company, had the following stock issued and…

A: Total Par value of Ordinary shares issued = No. of Ordinary shares issued x Par value per share =…

Q: Manning Company issued 10,000 shares of its $5 par value common stock having a fair value of $25 per…

A: Fair value of common (10,000*$25) $250,000   Fair value of preferred (15,000*$20) $300,000…

Q: The EASY Corporation has the following information relating to its share capital: • 10% Preference…

A: Earning per share tells for each share of company's stock how much money company makes. The…

Q: Tiktok Company issued 10,000 shares of its P5 Par value common stock having market value of P25 per…

A: Solution:- Calculation of the how much allocated to the common stock as follows under:-

Q: BFAR Corp. has ordinary share capital with par value of P50, and preference share capital with par…

A: The balance of the Share Premium account at the end of the year is P490,000.

Q: Pink Corporation's records included the following

A: Authorized share capital:- It indicates the aggregate sum of capital that an organization can raise…

Q: Al Anwar Company has 10,000 shares authorized, OMR2 par value, 4,000 shares issued and outstanding…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: The Board of Directors of Fedex Company decided to declare a dividend whereby ordinary shareholders…

A: solution : given Rate of preference dividend 10% Participation of preference share Upto…

Q: On April 1, 2XX1, Globe Corporation, a newly formed company, had the following share capital issued…

A: A) Ordinary share capital:- The amount of Ordinary share capital for Globe Corporation             =…

Q: Tiktok Company issued 10,000 shares of its P5 Par value common stock having market value of P25 per…

A: Here allocations  should  be done on basis of fair value/ market  value

Q: LAVENDER Corporation issued 20,000 shares of its ₱70 par value ordinary share capital and 8,000 of…

A: Total market value of preferrence shares = No. of preferrence shares x market value per share =…

Q: SCARLET Corporation has an authorized capital of 10,000 shares of $100 par, 8% cumulative preference…

A: Formula: Book value per ordinary share = Total Equity available to Ordinary shareholders / No. of…

Q: Baldecir Tours, Inc., is authorized to issue 220,000 shares of no-par ordinary shares, P15 stated…

A: Ordinary shares are very important source of finance for the business. If ordinary shares are issued…

Q: Xenon Company issued 5,000 shares of its P5 par value common stock having a fair value of P25 per…

A: Proceeds allocated to the preferred stock = Market value of Preferred StockMarket Value of Common…

Q: At the current year end, Spurs Corporation declared 4,000 ordinary shares of P 100 par value in…

A: Total market value of  share capital dividend = No. of shares issued x  market value per share =…

Q: Enscoe Enterprises, Incorporated (EEl) has 240,000 shares authorized, 210,000 shares issued, and…

A: Shares outstanding=Shares issued-Shares reacquired Book value per share=(Common stock+Retained…

Q: The EASY Corporation has the following information relating to its share capital: • 10% Preference…

A: Preference dividend = P2,000,000 x 10% = P200,000

Q: A limited company issued 100,000 Equity shares of 100 each. M, N, O and P underwrite the entire…

A:

Q: a. Prepare journal entries for the equity transactions above. b. Compute the following balances:

A:

Q: AAA Corporation issues 1,000 P5 par value ordinary shares and 1,000 P20 par value preference shares…

A: The following information is given: The ordinary shares were selling = P36 The preference shares…

Q: A. Fernando Corporation is authorized to issue 400,000 shares of P85 par value ordinary shares.…

A: Given that, Fernando Corporation is authorized to issue 400,000 shares Par value per share = P85

Q: Metro Company provided the following data at year-end 12% Preference share capital, 20,000 shares,…

A: solution given Ordinary share capital 5,000,000 Number of ordinary share 50,000…

Q: BFAR Corp. has ordinary share capital with par value of $50, and preference share capital with par…

A: BFAR Corp has ordinary share capital at par value of P 50 and preference capital at par value of P…

Q: amount credited to share premium from ordinary shares?

A: Total amount of issue P3,000,000 Less Ordinary shares at par value (25,000 shares @P50)…

Q: Ravonette Corporation issued 300 shares of $10 par value common stock and 100 shares of $50 par…

A: Journal entry is a primary entry that records the financial transactions initially.

Q: On September 30,2107, Maling Company issued 3,000 shares of its P10 par value ordinary share in…

A: Retained earnings can be referred to as those earnings which are kept aside by the company after…

Q: 3. The Antik Corporation has issued both preference and ordinary shares. On January 1, 200D, the…

A: Preference share are issued by a company to raise fund. These shares carry the following two…

Q: Jomel Corporation has 10,000 shares of Ordinary share capital authorized, P 30 par of which 6,000…

A: Total amount charged to Retained Earnings account=Shares Outstanding×11×Face Value

Q: Norton Company issues 4,000 shares of its $5 par value common stock having a fair value of $25 per…

A: The company has the right to raise funds with different methods such as by issuing common stock,…

Q: Venus Company issued 20,000 shares of its P70 par value ordinary shares and 8.000 shares of its P80…

A: Solution: Fair value of common stock issued = 20000*80 = P1,600,000 Fair value of preferred stock…

Q: Facturanan Corporation was organized on Jan. 1, 202x. It is authorized to issue 20,000 shares of 6%,…

A: Share capital issue is the main source of raising the equity needed by an organization to carry out…

Q: Patience Co. was authorized to issue 400,000 ordinary shares with a stated value of P20.   The…

A: Share capital is considered as the portion of capital that is arisen from the investors. When an…

Q: isclosed the following information:12.5% convertible preference shares (P40 par value; 150,000…

A: B. 1) 20X1 Particulars Amount Opening Balance of share premium account as on 1 Jan  90,00,000…

Q: The Antik Corporation has issued both preference and ordinary shares. On January 1, 200D, the…

A: Preference shares are shares of a company. Preference shares dividends are paid out to shareholders…

Q: Al Anwar Company has 10,000 shares authorized, OMR2 par value, 4,000 shares issued and outstanding…

A: Given that: Number of shares repurchased = 400 shares at a cost of OMR 5 per share Shares reissued =…

Q: Sunland Corporation was organized on January 1, 2022. It is authorized to issue 9,600 shares of 8%,…

A: The journal keeps the record for day to day transactions of the business on regular basis.

Q: Ball Company issued 50,000 shares of its P100 par ordinary and 80,000 shares of its P50 convertible…

A: Formula: Preference share capital = PAR value x Number of shares issued

Q: Micellar Company had the following available information as of December 31, 2021: Preferred Share…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: LAVENDER Corporation issued 20,000 shares of its ₱70 par value ordinary share capital and 8,000 of…

A: Formula: Preference share capital = Number of shares issued x PAR Value of each preference share.

Q: Huhu Company was incorporated on January 1, 2003, with the following authorized capitalization:…

A: Contributed capital is the total amount received towards capital by the issue of shares.

Q: Marasigan Corp. had the following shareholders' equity section on iB statement of financial position…

A: Property dividend refers to a dividend paid to investors in the form of assets and not cash.  Record…

Q: A. Diaz Corporation, a distributor of exercise equipment, has the following outstanding shares:…

A: The Preference will be given to Preference shareholders at the time of distribution of dividends.…

Q: Prepare journal entries for the equity transactions above.

A:

Q: The following information pertains to Black Pink Corporation: Ordinary share capital, 50,000 shares,…

A: Solution: Cost per share of treasury stock = P750,000 / 50000 = P150 per share Original issue price…

Q: Ahrens Industries is authorized to issue 250,000 shares of no-par common stock with a $6 stated…

A: Formula:  Additional paid-in capital = Number of common shares x ( Issue price - stated price )

Q: On March 1, 20x5, Ria Corporation has 200,000 shares of P10 par Ordinary Shares outstanding and the…

A: A reverse stock split is the process of consolidating two or more shares into one. Under this…

Q: ,800,000 Share premium 9,000,000 Retained earnings 13,500,000

A: NOTE : As per BARTLEBY guidelines, when multiple questions are given then first question is to be…

Q: On January 1, 20x1, the shareholders’ equity section of Splash Corporation’s statement of financial…

A: Financial statements consists of the following:- Statement of Financial position; Income Statement;…