Atanfo LTD made a profit for the year ended 31  March 2020 of Gh 30,000. During that year ,the company paid preference dividends on 100,000. 5% preference share . In addition,an ordinary dividend of 4 pesewas per share was paid on 200,000 ordinary shares. What  was the retained profit for the year ended 31 March 2020?

Q: Sabo Company reported the following shareholders’ equity at year end: 6% noncumulative preference…

A: The shares or units which provide ownership privilege to the holder are described as ordinary…

Q: uring the year ended 31 December 2017, Junior Ltd paid R25 000 debenture interest and paid an…

A: A dividend can be defined as the distribution of the company’s profit to the shareholders of the…

Q: ABC Corporation reported a profit of P7,500,000 as of December 31, 2022. The company has the…

A: Earnings per share is one of the important calculation in business. It shows how much net income or…

Q: the beginning of 2013, U Company had retained earnings of P250,000. During the year U reported net…

A: Amount of retained  earnings  available  for  dividend  at end of 2013 = opening  balance + Net…

Q: Calculate Net income, EPS and Dividend per share for 2020. Outstanding common shares are 20,000…

A: 1.Net Income for year= Closing retained earning(December 31st 2020)+dividend paid in 2020-Opening…

Q: Avalanche Inc. revealed the following information for the year ended December 31, 2021: Preference…

A: Legal capital is the par value of total outstanding shares . It is that amount of company capital…

Q: Stan statement of financial position shows total shareholders' equity of P3,150,000 as of December…

A: Solution: Outstanding shares = Issued shares - shares in treasury = 52000 - 2000 = 50000 shares

Q: The condensed balance sheet of C Company as of December 31, 2020 is shown below:   On January 1,…

A: Business combination refers to the combination of transaction or event under which the investor…

Q: Mack Company reported the following outstanding share capital on December 31, 2020:       - 30,000…

A: A dividend means the amount given to the shareholder of the company as profit distribution by the…

Q: Savona Bhd has outstanding 3,000,000 ordinary shares. The balanced in its contributed share capital…

A: The shareholder's equity section represents the total equity that belongs to the shareholders.

Q: The following information is taken from Tanaka Bhd for the year ended 31 December 2020. Preference…

A: (iv) Profit Margin = Net ProfitNet Sales=RM6,448,000RM100,000,000=6.448%=6%   (v) Earnings per share…

Q: Sabo Company reported the following shareholders’ equity at year end: 6% noncumulative preference…

A: Book value per ordinary share is a ratio of total ordinary shareholder's equity and the number of…

Q: On January 1, 2020, Volume Company had the following account balance carried over from the previous…

A: Shares are used to divide the capital of the company into small parts, so that it is will be…

Q: enden Company was organized on January 1, 2020 at which date it issued 300,000 ordinary shares of P6…

A: Treasury Stock refers to the purchasing back of shares of the company that are already issued.

Q: The market capitalization of Abutia Plc as at 31 December 2018 was GHC21 million. The stated capital…

A: Price Earning Ratio refers to a financial ratio that is being used in order to value a stock and…

Q: The VWX's statement of financial position shows total shareholders’ equity of P3,150,000 as of…

A: Book value per share = Total shareholders equity/Number of common equity share outstanding  Total…

Q: ABC Company had 600,000 ordinary shares outstanding on January 1, 2020. During 2020, ABC Company…

A: Right shares- When the entity issued shares to its exiting shareholders with a right to subscriber…

Q: The market price of the ordinary shares at 31 December 2020 was Rs1.60. The dividend yield on…

A: Operating income is referred to that part of profit that is calculated by deducting operating…

Q: how much should ABC Company report as basic Earnings Per Share?

A: Formula: Ex- Right Price= Old Shares×Market Price+New Shares×Issue PriceOld Shares+ New Shares EPS=…

Q: Al Bayan company's profit after tax for the year 31st December 2018 was RO 500,000. The comparative…

A: Company means the form of business where management is separately from owner and have perpetual…

Q: Camille issued and outstanding share capital throughout the period consists of 500,000 ordinary…

A: After distributing the net income to the preference shareholders whatever has been left is divided…

Q: For its fiscal year- end, Calvan Water Corporation (CWC) reported net income of $12 million and a…

A: Before calculating diluted EPS, you need to calculate number of common stock increse due to…

Q: Mack Company reported the following outstanding share capital on December 31, 2020:       - 30,000…

A: The cumulative dividend is payable even if it is in arrears.

Q: The capital accounts of SEB Company as of yearend 2021 are as follows: Ordinary Share Capital (P10…

A: Total market value of Ordinary Share Capital  = Ordinary Share Capital  + Share Premium = 500,000 +…

Q: At the beginning of the reporting period, it has $5 million of share capital and 1.5 million…

A: Earning per share shows the amount of net income which is available for equity one equity…

Q: Senior plc is a company that ,during the year ended 31 December 2019,paid Gh 25,000 debanture…

A: Par value of ordinary shares  = No. of shares x par value per share = 1 milliion x Gh 1 per share =…

Q: The capital accounts of Boom Company as of yearend 2021 are as follows: Ordinary Share Capital (P10…

A: Total market value of Ordinary Share Capital  = Ordinary Share Capital  + Share Premium = 500,000 +…

Q: At the beginning of 2021, Sunland Company had retained earnings of $409000. During the year Sunland…

A: Sunland company shall not recognize any gain or loss from stock transactions with its own…

Q: The Shareholders’ Equity section of Green Corporation at December 31, 2019 showed the following: 8%…

A: Ratios are the mathematical relationships between two figures expressed in comparison of one…

Q: 00 and is carried forward on the Taxation account. The retained profit for the year ended 31…

A: Interest and Taxes are deducted from the profits and Dividends are the appropriations of profits.

Q: Twisters Ltd made a profit for the year ended 31 March 2017 of R30 000. During that year the company…

A: Retained earnings ended balance can be calculated after adding up net income and deducting dividends…

Q: ABC Corporation reported a profit of P7,500,000 as of December 31, 2022. The company has the…

A: EPS is the earning share hares and is calculated by dividing the net income available to the…

Q: On June 30, 2020, when JDE Co's share was selling at P 65 per share, its capital accounts were as…

A: Working note: Computation of share dividend: Share dividend=Share capital×Rate of…

Q: A listed company has made a profit after tax of RM1,500,000 in the year ended 31 December 2021. It…

A: Earnings per share = (Net income - dividend) / No. of ordinary share outstanding Where,  Preferred…

Q: The retained earnings of Volga plc at 1 March 2020 were £450,550. The retained earnings at 28…

A: Given: Retained earning at 1 March 2020 =£450,550Retained earning at 28 Febuary 2021=£875,000Profit…

Q: he accounting year / self capital at the beginning of the accounting year) of Xijiang in each…

A: Internal retention ratio is calculated as shown below. Internal retention ratio=Net…

Q: Santol Inc. issued 200,000 shares of P5 par value at P10 per share. On January 1, 2021, the retained…

A: Solution: Amount should be credited to share capital on issuance = Nos of shares issued * Par value…

Q: Senior plc is a company that, during the year ended 31 December 2019, paid GH₵ 25,000 debenture…

A: Retained profit for the year means how much retained earnings and income the business have after…

Q: At December 31, 2020 and 2019, Atsumu Corporation had 100,000 Ordinary shares and 10,000 cumulative…

A: Formula: Preferred dividend = Total preferred shares value x Preferred dividend rate.

Q: Buggers Ltd made a profit for the year ended 31 March 2017 of R30 000. During that year the company…

A: Retained earnings = Net Profit After-tax - Preference Dividend - Dividend to Equity Shareholders

Q: For the year ending 30 June 2020, Don Ltd reports a net profit after tax of $6.1 million. At the…

A: Diluted EPS=Adjusted EAE/Adjusted WANS

Q: The capital accounts of Gripit Company as of yearend 2021 are as follows: Ordinary Share Capital…

A: A stock dividend is considered a small stock dividend if the number of shares being issued is less…

Q: DiCenta Corporation reported net income of $270,000 in 2020 and had 50,000 shares of common stock…

A: Formula to calculate diluted earnings per share; Diluted EPS = Net income / weighted average number…

Q: The Shareholders’ Equity section of Green Corporation at December 31, 2019 showed the following: 8%…

A: Annual Preferred Dividend = Preference Share Capital x Rate of Dividend = P2,000,000 x 0.08 =…

Q: Prepare Iqra Ltd’s Profit and Loss Account for the year ended 31 December 2020 in as much detail as…

A: The profit or loss account can be defined as the financial statement being prepared at the year-end…

Q: A company made a profit for the year ended 31 March 2020 of 30,000. During that year the company…

A: Retained profit = Profit earned - Dividends paid   Dividends paid: Preference dividends = (100,000…

Stock Yields

The stock yield is otherwise known as the dividend yield. The dividend yield is an annual payment of the stock dividends to the holder of a firm’s stock. The dividend yield is a financial ratio to measure the value of dividend payout every year for the relative stock price. The yield of a stock is usually shown in a percentage that discloses the expected future earnings from stock depending on the current stock price in the future. Stock yield will change depending on the market fluctuations and in accordance with the market fluctuations, the dividends will be increased or decreased by the firm.