book value
Q: The following accounts are found in the shareholders' equity of Dahlia Corporation: Preference…
A: Shareholders' equity section is a part of balance sheet which shows the owners' claim on the net…
Q: On January 01, 2022, DEF Company provided the following information: Ordinary share capital,…
A: Diluted earning per share- Diluted earnings per share (EPS) informs existing equity investors of the…
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: The League Corporation is authorized to issue 100,000 shares of Ordinary Share Capital with a par…
A: Journal entries are the modern accounting method in which all business transaction recorded in a…
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: A companys share capital consists of 3 million ordinary shares of RO 1 each, issued at a premium of…
A: Ordinary shares capital = No. of rdinary shares issued x Par value per share = 3,000,000 shares x RO…
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: On January 20, HK Corporation was formed with the capital of 100.000 TL by issuing 100.000 shares of…
A: Given that: Shares issued = 100,000 Value at which shares issued = 121,000 Commission = 1000 When…
Q: A. Fernando Corporation is authorized to issue 40,000 shares of P85 par value ordinary shares.…
A: Common stock issued by the company should always be recorded at par value. Value above than par…
Q: If a corporation issues 1,000 shares of $1 par value common stock for $12,000, the journalentry…
A: Stock: It refers to a security issued in a form of certificate. It implies the right of ownership of…
Q: An entity had issued 950,000 P50-par ordinary shares. Of these, 32,000 shares were held as treasury…
A: Given that, Opening balance in retained earnings = P12900000 An entity had issued 950,000 ordinary…
Q: The shareholders’ equity of Ceda Corporation is presented below: 10% Preference Share, 2,000 shares…
A: Issue price is the value of share at which the same has been issued by the entity.
Q: The League Corporation is authorized to issue 100,000 shares of Ordinary Share Capital with a par…
A: Journal Entry :- The purpose of preparing the journal entry to segregate the transaction which are…
Q: The following accounts are found in the shareholders' equity of Dahlia Corporation: Preference…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The Corporation shareholders’ equity section of the Statement of Financial Position includes the…
A:
Q: The following capital accounts are shown in the statement of financial position Corporation:…
A: After the dividend is paid, Accumulated Profits and Losses is the total of an enterprise's profits…
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: The Hillside Corporation has an authorized shares of 250,000 with a par value of Php70. 100,000…
A: Share capital is considered as a part of capital which is issued by the company as shares. Shares is…
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: A Corporation has 6,000 shares of P100 par value Ordinary Share Capital and reacquires 1,000 shares…
A: Treasury stock: Shares which are bought back by the company from the open…
Q: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…
A: Ordinary Shares: 20,000 Shares Par Value of Ordinary Shares: P20 Preference Shares: 2,000 shares…
Q: On January 1, Puroland Corporation was incorporated, with 100,000 authorized ordinaryshares of P100…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: . The following accounts are shown on the statement of financial position of Phoenix Corporation…
A: Note: As posted multiple independent questions we are answering only first question kindly repost…
Q: CFAS Corporation was organized on January 1, with an authorization of 1,000,000 ordinary shares with…
A: share premium account is created when there is the difference in the par value or face value of the…
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: An abstract of the shareholders' equity of the Camia Co. on December 31,200A appears as follows:…
A: Camia Corporation…
Q: An entity had issued 950,000 P50-par ordinary shares. Of these, 32,000 shares were held as treasury…
A: The treasury stock reduces the number of outstanding shares but issued shares are not effected with…
Q: The following information is provided for Mario Company: Retained earnings, P350,000 Preference…
A: Total contributed capital = Preference share capital + Premium on ordinary shares + Share Premium…
Q: he following accounts are shown on the statement of financial position of Phoenix Corporation…
A: Treasury stocks are, generally, those stocks that are bought back from their own shareholders. It…
Q: Entity A has 30,000 shares outstanding at 100 pesos par value per share. If Entity A reacquires…
A:
Q: The charter of Zion Associates provides for the issuance of 100,000 shares of common stock. Assume…
A: The charter shows the authorized number of shares which in this case is 100000 shares. Subsequently…
Q: The Corporation shareholders' equity section of the Statement of Financial Position includes the…
A: Lets understand the basics. When any person is donated shares then it needs to treat as treasury…
Q: Harvey Corporation shows the following in the shareholders' equity section of its statement of…
A: Given, Stated value = $0.25 Total balance in common stock account = $50,000 Shares repurchased =…
Q: The total issued and outstanding of GRAPES Company ordinary shares at ₱10 par is 100,000 shares. All…
A: Book value = No. of ordinary shares x average price - treasury shares
Q: A corporation has 20,000 ordinary shares issued, par value P30, and reacquires 4,000 shares at P40…
A: Issue of common stock is considered as the method of raising finance and reacquisition of the stock…
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: The following are data pertaining to ABC Corporation: Ordinary share Capital, with par value of P50,…
A: Journal Entry Date Particulars Debit (in P) Credit (in P) Agu -10 Treasury ( 4000 x 60 )…
Q: An entity had issued 950,000 P50-par ordinary shares. Of these, 32,000 shares were held as treasury…
A: The treasury shares includes the buy back of its own shares by company.
Q: The following data pertain to Kool Corporation Ordinary Share Capital, with par value of P25 20,000…
A: A company may urge to reduce the outstanding stock in the market and repurchase the previously…
Q: . The total issued and outstanding of GRAPES Company ordinary shares at ₱10 par is 100,000 shares.…
A: solution given The total issued and outstanding of GRAPES Company ordinary shares at ₱10 par is…
Q: BFAR Corp. was authorized to issue 300,000 P7 par value ordinary shares. It received subscriptions…
A: Subscribed share capital is the shares that have been subscribed by the investors. These may be paid…
Q: Determine the minimum subscription and the minimum paid in capital in the following cases below:…
A: solution concept Minimum subscription required 25% of the authorized capital Minimum paid…
Q: The following are data pertaining to ABC Corporation: Ordinary share Capital, with par value of P50,…
A: The journal entries are prepared to keep the record of day to day transactions of the business. The…
Q: On June 23, 200C, Pinoy Trading owned and operated by Phil was incorporated. On this date, the…
A: Corporation is one of the legal form of business organisation, under which several members invest…
Q: Los Altos, Inc., is authorized to issue 1,500,000 shares of $1 par value common stock. The company…
A: Solution: When common stock are issued at a price greater than par value, common stock account is…
Q: During the current year, the entity had the following organized and authorized to issue 100,000…
A: Treasury shares means the share which has been buy back by the company . It will be shown as…
Q: CFAS Company showed the following information from its shareholders' equity at year-end before the…
A: Accounting Entry to be made: General Journal Debit Credit Common Stock (5100 shares * P125)…
Q: The following capital accounts are shown in the statement of financial position of George…
A: Amount debited to accumulated profit and losses account = Cost of treasury stock - Sale value of…
Q: When incorporated Y Ltd. Issued 2,000 common shares to A for dollar 2,000. In year 2, Y Ltd. issued…
A: The paid up capital is defined as the component of called up capital that is actually reimbursed…
Q: The following information appears in the books of G Corporation: Share Capital (par P200; authorized…
A: Shares entitled to receive dividend are those which are issued and outstanding.
The total issued and outstanding of GRAPES Company ordinary shares
at ₱10 par is 100,000 shares. All of the 100,000 shares were issued at
average price of ₱12.50 per share. As of report date, the treasury shares
has a balance of ₱150,000. Total liabilities of the corporation is ₱400,000.
How much is Its book value?
Choices:
₱ 700,000
₱ 850,000
₱ 1,100,000
₱ 1,000,000
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Solved in 3 steps
- MacKenzie Mining Corporation is authorized to issue 50,000 shares of $500 par value 7% preferred stock. It is also authorized to issue 5,000,000 shares of $3 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.Outstanding Stock Lars Corporation shows the following information in the stockholders equity section of its balance sheet: The par value of common stock is S5, and the total balance in the Common Stock account is $225,000. There are 13,000 shares of treasury stock. Required: What is the number of shares outstanding? Use the following information for Exercises 10-58 and 10-59: Stahl Company was incorporated as a new business on January 1, 2019. The company is authorized to issue 600,000 shares of $2 par value common stock and 80,000 shares of 6%, S20 par value, cumulative preferred stock. On January 1, 2019, the company issued 75,000 shares of common stock for $15 per share and 5,000 shares of preferred stock for $25 per share. Net income for the year ended December 31, 2019, was $500,000.The Hillside Corporation has an authorized shares of 250,000 with a par value of Php70. 100,000 shares were originally issued at par and 50,000 shares were subscribed at Php2 above par. During the year, the following transactions occurred: Jan. 5 An additional 30,000 shares were issued at Php75 per share.Feb. 11 2,500 of its own shares were reacquired by the company for Php150,000.Sept. 30 A 10% share dividend was declared by the Board of Directors.Dec. 31 The company realized a profit od Php470,000. Required: Record the foregoing transactions. Please include computations.
- The Antik Corporation has issued both preference and ordinary shares. On January 1, 200D, the shareholders’ equity of the corporation is as follows: 6% Preference Shares, Php75 par value, authorized and Issued 40,000 shares Php3,000,000Ordinary Shares, Php100 par value, authorized and issued 50,000 shares 1,000,000Retained Earnings 1,500,000 Assume that dividends have not been declared since 200B. Required:1. Compute the amount to be distributed to preference and ordinary shareholders on each of the following cases of preference share:a. Non-cumulative, non-participatingb. Cumulative, non-participatingc. Non-cumulative, fully participatingd. Cumulative, fully participatinge. Cumulative, participating up to 10% 2. Prepare the shareholders’ equity section of Antik CorporationThe Antik Corporation has issued both preference and ordinary shares. On January 1, 200D, the shareholders’ equity of the corporation is as follows: 6% Preference Shares, Php75 par value, authorized and Issued 40,000 shares Php3,000,000Ordinary Shares, Php100 par value, authorized and issued 50,000 shares 5,000,000Retained Earnings 1,500,000Assume that dividends have not been declared since 200B. Required: 1. Compute the amount to be distributed to preference and ordinary shareholders on each of the following cases of preference share:a. Non-cumulative, non-participatingb. Cumulative, non-participatingc. Non-cumulative, fully participatingd. Cumulative, fully participatinge. Cumulative, participating up to 10% 2. Prepare the shareholders’ equity section of Antik CorporationThe following accounts are shown on the statement of financial position of Phoenix Corporation Share Capital, P 100 par, 1,000 shares P 100,000 Share Premium 2,000 Paid in Capital from Treasury Shares 2,000 Retained Earnings 75,000 Treasury shares, 200 shares at cost 25,000 All the 200 treasury shares were sold for P 22,000. How would the resale of the treasury shares be recorded?
- 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. P36,000The following capital accounts are shown in the statement of financial position of George Corporation: Ordinary shares, 10,000 shares, par value P100 - 1,000,000 Premium on ordinary shares 20,000 Share premium - treasury shares 30,000 Accumulated profits and losses 750,000 Treasury shares, 2,000 shares at cost 250,000 The entire 2,000 treasury shares were sold for P200,000. What would be the balance of the accumulated profits and losses account after this sale?On January 5, 2021, Red Company was organized and registered at the Securities and Exchange commission with 100,000 authorized ordinary shares of P100 par value. During the year 2021, the following transactions occurred: 40,000 shares were sold and issued at P105 per share. Purchased 600 shares of its ordinary share capital at P110 per share. 400 treasury shares were sold at P95. Declared and paid cash dividends of P200,000 and made profit of P830,000. What is the total shareholders’ equity of Red at December 31, 2021? Chocies: P10,602,000 P4,820,000 P4,802,000 P4,352,000
- AUBURN Corporation had 120,000 of ordinary shares issued and outstanding at January 1, 2021. OnOn January 2 of the same year, the company issued 80,000 preference shares. During the year, the corporation declared and paid P420,000 cash dividend on the ordinary shares and P240,000 on the preference shares. Net income for the year was P1,500,000. What should be the basic earnings per share in 2021? A. ₱ 10.50 B. ₱ 9.00 C. ₱ 15.75 D. ₱ 12.50XYZ Corporation reported the following in its statement of shareholders' equity on January 1 2021 Ordinary share capital, P50 par value, 200,000 shares authorized,100,000 shares Issued-P5,000,000 Additional paid In capital-P1,500,000 Retained earnings P516,000 Treasury shares, at cost (5,000 shares) P400,000 The following events occurred in 2021: May 1-1,000 treasury shares were sold for P10,000 July 9-10,000 shares of previously unissued ordinary share were sold for P57 per share. Oct 1-Share split 2 for 1 How many shares are outstanding on December 31, 2021? Note: No need to put P (peso) signThe Corporation shareholders’ equity section of the Statement of Financial Position includes the following accounts and balances: Ordinary Share Capital, P100 par, 5,000 shares issued P500,000 Ordinary Share Premium 50,000 Retained earnings 750,000Assuming a major shareholder donated 5,000 shares when the market value of the share capital was P140 per share, and was recorded as a debit to Treasury Shares and credit to Donated Capital. How much was the increase (decrease) in the total Additional Paid In Capital? Put a parenthesis if your answer is decrease.
