Annual Effective Amount Cost, Pre-tax de Payables current Liabilities P 500,000 25% 2,000,000 8% erred Shares 1,500,000 10% inary Shares 4,000,000 18%
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Silver Corporation has the following liabilities and equity balances. <See image attached.> If it is taxed at 25%, what is the weighted average cost of capital?
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- 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, 2020a company has the following items: share capital-ordinaty: $920,000 treasury shares : $85,000 deferred taxes $100,000 retained earning : $ 363,000 which ammount should be report as total equity ? A- 1098000 B- 1198000 C- 1298000 D- 1398000San Miguel Corporation provided the following balances on December 31, 2021: Accounts payable 500,000Accrued taxes 100,000Ordinary share capital 5,000,000Dividends - ordinary share 1,000,000Dividends - preference share 500,000Mortgage payable (P500,000 due in 6 months) 4,000,000Note payable, due January 31, 2023 2,000,000Share premium 500,000Preference share capital 3,000,000Premium on note payable 200,000Income summary - credit balance 4,000,000Retained earnings - January 1 2,500,000Unamortized issue cost on note payable 50,000Unearned rent income 150,000 1. What is the amount of noncurrent liabilities on December 31, 2021? 2. What is the amount of retained earnings on December 31, 2021?a. 6,500,000b. 2,500,000c. 1,000,000d. 5,000,000 3. What is the total shareholders’ equity on December 31, 2021?
- Calculate (a) interest expense, (b) taxable income, and (c) earnings per share if: DFL = 1.56, EBIT = $702,000; tax rate = 25%, common stock outstanding = 100,000 shares. Show work.Persistence Inc. provided the following information at year end: Share capital 15,000,0000 Share premium 5,000,000 Treasury shares, at cost , 2,000,000 Actuarial loss on defined benefit plan 1,000,000 Retained earnings unappropriated 6,000,000 Retained earnings appropriated 3,000,000 Revaluation surplus 4,000,000 Cumulative translation adjustment - credit 1,500,000 What amount should be reported as total shareholders' equity?A. 31,500,000B. 30,500,000C. 28,500,000D. 26,500,000Helen Company provided the following accounts for its business at the beginning of the year: Preference shares, 12% noncumulative and non- participating 25,000 at P120 per share P3 000 000 Preference share premium 375 000 Ordinary shares, 44,000 at P50 per share 2,200,000 Ordinary share premium 440,000 Retained Earnings 3,000,000 Other comprehensive income: Revaluation surplus 500,000 Unrealized gain on defined benefit plan 700,000 1,200,0000 Helen had these share transactions for the current year: No. of shares February 1 Issued ordinary shares for cash 56,000 May 1 Acquired ordinary treasury shares 25,000 August 1 Declared P250,000 cash dividend for preference shares and 25% stock dividend for ordinary shares. September 1 Resold ordinary treasury shares 10,000 November 1 Issued 3 for 1 share split for ordinary shares The company reported P4,850,000 net income for the year.…
- 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?Kalinga Company reported the following adjusted account balances at year-end: Share capital 15,000,000 Share premium 5,000,000 Treasury shares, at cost 2,000,000 Actuarial loss on defined benefit plan 1,000,000 Retained earnings unappropriated 6,000,000 Retained earning appropriated 3,000,000 Revaluation surplus 4,000,000 Cumulative translation adjustment- credit 1,500,000 REQUIRED: What amount sjould be reported as shareholder's equity at year-end? a. 31,500,000 b. 32,500,000 c. 28,500,000 d. 25,500,000The Statement of Financial Position (SFP) of Arthur Corporation on June 30, 202X is presented below:Current Assets P195,000Land 1,320,000Building 660,000Equipment 525,000Total Assets P2,700,000Liabilities P525,000Ordinary Shares, P5 par 900,00Share Premium 825,000Retained Earnings 450,000Total Equities P2,700,000All the assets and liabilities of Arthur were assumed to approximate their fair values except for land and building. It is estimated that the land has a fair value of P2,100,000, and the fair value of the building increased by P480,000. Ezekeil Corporation acquired 80% of Arthur’s outstanding shares for P3,000,000. The non-controlling interest is measured at fair value.Required:a. Determine the goodwill or gain on bargain purchase assuming the consideration paid includes control premium of P852,000. Determine the goodwill or gain on bargain purchase assuming the consideration paid excludes control premium of P138,000 and the fair value of the non-controlling interest is…
- 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?Way Company's adjusted trial balance at December 31, 2021 includes the following: Ordinary Share Capital, P5 par P360,000 Share Premium - Ordinary 480,000 Treasury Shares, at cost 30,000 Share Premium - Preference 12,000 Retained Earnings 90,000 Preference Share Capital, P10 par 120,000 What amount should Way report as total shareholders' equity in its December 31, 2021 statement of financial position?The income statement of Laguna Company for the years ended December 31, 2018 showed net income of P15,000,000. The net income reflects an income tax rate of 30%. the net income included a casually loss of P5,000,000 before income tax. no dividends on preference shares were declared or paid during the year. the entity reported the following shareholders' equity on December 31, 2018:preference share capital, 10% noncumulative, P50 par value, 100 000 shares P5 000 000ordinary share capital, P100 par value P30 000 000share premium P10 000 000retained earnings P18 000 000treasury ordinary shares, 50 000 at cost P4 000 000what amount should be reportedas basic earnings per share?a.58.00b.60.00c. 73.60d. 48.33