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- Please answer with simple explanation only please. Thank you! 11.) How should the excess of the subscription price over the par value of common stock subscribed be recorded? as APIC when the subscription is received as APIC when the subscription is collected as retained earnings when the subscription is received as APIC when the capital stock is issued 12.) A Corporation obtains from Prime Products a subscription to 2,000 shares of P10 par common capital stock at a price of P15 a share. The entry to record the event is: A B C D 13.) How should a corporation reflect treasury stock on its balance sheet? as part of its assets as a deduction in the stockholders’ equity section as additional paid in capital as additional shares of capital stock 14.) How is an increase in the number of shares as a result of a stock split recorded? The transaction may be…Columbia Clay, Inc. issues 1.18 million shares of preferred stock with a par value of $11.00 at its market price of $35.00 per share. The issuance should be recorded with a debit to Cash for: Multiple Choice $28.32 million, a credit to Additional Paid-in Capital for $12.98 million, and a credit to Preferred Stock for $41.30 million. $41.30 million, a credit to Preferred Stock for $12.98 million, and a credit to Additional Paid-in Capital for $28.32 million. $41.30 million and a credit to Preferred Stock for $41.30 million. $12.98 million and a credit to Preferred Stock for $12.98 million.Studio444 recently went public. Studio444 received $20 a share on the entire offer of 25,000 shares. Hill & Co. served as the underwriter and sold 23,700 shares to the public at a price of $22 a share. What type of underwriting was this? a) best efforts b) shelf c) firm commitment. d) private placement
- XYZ SAOG has in issue 5 million, RO 1 equity share. The company decided to make a bonus issue in the ratio of 2 for 5 shares held. Prior to issue of bonus the company had Share premium of OMR 2,500,000. Which of the following journal entry is Correct in respect of issuing bonus shares? a. Debit Share premium OMR 2,000,000 Credit Share Capital OMR 2,000,000 b. Debit Share capital OMR 7,000,000 Credit Share premium OMR 7,000,000 c. Debit Share capital OMR 2,500,000 Credit Share premium OMR 2,500,000 d. Debit Share premium OMR 500,000 Credit Share Capital OMR 500,000NEED ASAP. Solve correctly and show your computations. NXP Corporation issues P15 par value ordinary shares during 2021. The company received subscription from Mr. Navarro for 25,000 shares at P18 per share receiving 45% of the subscription price. On due date, Mr. Navarro failed to pay the balance of the subscription. The shares were subsequently declared delinquent and were advertised for sale at a public auction incurring P4,000 for advertising the sale. At the public auction, the company received bids from Mr. Pineda for 10,000 shares, Mr. De Torres for 9,000 shares, and Mr. Belen for 12,000 shares. The balance of the subscription price was outstanding for two months and was subject to 12% interest. How much cash was collected from the highest bidder?a) You purchase 516 shares of ABC Co. stock on margin at a price of $37. Your broker requires you to deposit $12,300. What is the initial margin requirement in percent? Answer to two decimals. b) You purchased 391 shares of PQR, Inc., stock on 56% margin when the stock was selling for $34.46 a share. The stock is currently selling for $33.54 a share. What is your current equity position (in $)? Answer to two decimals. c) You purchase 639 shares of XYZ Co. stock on margin at a price of $27. Your broker requires you to deposit $6,535. A month later, you sell the stock at a price of $28. What is your return in percent? Answer to two decimals. d) Tom purchased 549 shares of stock on margin for $28.52 a share and sold the shares 3 months later for $28.34 a share. The initial margin requirement was 71 percent and the maintenance margin was 29 percent. The interest rate on the margin loan was 5 percent. He received no dividend income. What was his holding period return (in percent)? Answer to…
- Multiple choice: Question 1: A corporation issues 2,500 shares of common stock for P 45,000. The stock has a stated value of P10 per share. The journal entry to record the stock issuance would include a credit to Ordinary Shares fora.) P25,000b.) P20,000c.) P5,000d.) P45,000Question 2: When a corporation reacquired its own shares due to delinquency and there are no bidders, the share must be retired immediately.Select one:a.) Trueb.) FalseQuestion 3: Using the journal entry method, what is the appropriate entry when there is an issuance of share capital?a.) Debit to authorized share capitalb.) Credit to authorized share capitalc.c.) Credit to unissued share capitald.) Credit to share capitalQuestion 4: An ordinary shareholder receives the same preference and rights as a preference shareholder.-Select one:a.) Trueb.) FalseQuestion 5: Which statement below is not a reason for a corporation to buy back its own stock.a.) for supporting the market price of the stockb.) resale to…Assume you purchased 236 shares of XYZ common stock on margin at $85.29 per share from your broker. If the initial margin is 60%, the amount you borrowed from the broker is __________. Group of answer choices 6606 8051 6498 7591 7110Please give solutions and explanation to the three questions. The correct answer is already given, just provide me with solution. "The following are found in the trial balance of M Corporation at December 31, 2021: Authorized ordinary share, P50 par value P3,000,000; Subscription receivable P200,000; Unissued ordinary share P1,000,000; Subscribed ordinary share P500,000; Share premium ordinary P100,000. What is the total number of shares issued?" Answer: 40,000 shares The shareholders’ equity section of the statement of financial position of LW Corporation showed the following balances at December 31, 2020: Ordinary share capital, 10,000 shares issued P300,000 Share premium 100,000 Retained earnings 240,000 Treasury shares, 1,000 shares…
- Br. Shares are IPO published on sale and listed at 8,200 shares in primary market . The investors at IPO offer the price 18.00 with an unwriting discount at 6.5% Secondary market investors however were paying only 16.10 per share for Netshoes at 31.025 at 935 sharesoutstanding. total proceeds =!PO offer price for * IPO.The paid in capital section of the stockholders equity section is as follows: COmmon Stock, Par value $2.00; Authorized 100,000 shs, Issued and outstanding 50,000 shares = 100,000 the board of directions beleives that the current market price of $50.00 per share is too high and is detracting from investors buying the shares. The board declared a 2:1 stock split. Requried: 1) what is the effect of the split on the common shares? list all items effected by the stock split. - par value - issued and outstanding shares - Market price of the shares - Common stock balance after the split on the paid in capital Section?Provide solutions and explanation. Thank you. On March 31, 20x1, Budoy Co. received 10,000 stock rights from its investment in equitysecurities to subscribe to new shares at ₱60 per share for every 4 rights held. Prior toissuance of stock rights, the shares were selling at ₱80 per share. How much is the initialcarrying amount of the stock rights?a. 20,000b. 40,000c. 50,000d. cannot be determined
