GROOT Corporation has 350,000 shares of ₱10 par value ordinary shares outstanding. During the year, GROOT declared a 12% share dividend when the market price of the stock was ₱25 per share. Four months later, GROOT declared a ₱0.50 per share cash dividend. As a result of the dividends declared during the year, how much was the decrease in retained earnings?  a. ₱1,050,000 b. ₱1,246,000 c. ₱1,225,000

Q: Novak Corporation earned $371,000 during a period when it had an average of 100,000 shares of common…

A: Formula: Earnings per share = ( Net income - Total preferred dividends ) / Total outstanding shares

Q: Gamma Corporation has 250,000 ordinary shares issued and outstanding during the year. It has annual…

A: Number of shares = 250000 Sales = P 1750000 Share price = P 21 Sales per share of similar firm = P…

Q: COVID's apparel has total assets of P800,000, current liabilities of P150,000, and long-term…

A: There are two types of stock which are issued by a firm. One is the preference stock and other is…

Q: earnings per share presented in the financial statement

A: Cumulative Preference Shares are those shares which mandates an entity to pay all dividends…

Q: July 3, 20x2, Yami issued 150,000 of its ordinary shares for P1,950,000. A 5% share dividend was…

A: Solution: Working: Date Particulars Ordinary Share (P) paid in capital of excess of par retained…

Q: ABC Company has 560,000 shares of common stock outstanding with a par value of $10. During the year,…

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

Q: GHI Co. has the following shareholders’ equity accounts: 8% Preference Share, P10 par P200,000…

A: Dividend per share is computed as the total dividend paid divided by the number of shares…

Q: Andam Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and…

A: Cumulative preference shares are those preference shares whose dividend amount is got accumulated in…

Q: Papasa Ka Sa Quali Corporation earned P540,000 during the year. The shareholder’s equity is composed…

A: The dividend is declared to the shareholders from the retained earnings of the business. The…

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A: Calculation of dividend paid in first semi annual period Particulars Amount issued and…

Q: Bramble Company has had 4 years of net income. Due to this success, the market price of its 370,000…

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Q: National Company's net income last year was P500,000. The company has 150,000 shares of common stock…

A: Solution..   Total preferred dividend paid  = Total preferred shares * preferred dividend per share…

Q: Crabtree Company has 560,000 shares of $10 par value common stock outstanding. During the year,…

A: No. of shares issued under stock dividend = No. of shares outstanding x stock dividend rate Decrease…

Q: Reading Co. has outstanding 10,000 shares of $100 par value cumulative preferred stock, with a…

A: Annual Dividends to Preferred Shareholders = (10,000 shares*$100 per share)*7%  Annual Dividends to…

Q: Hanson Company has 350,000 shares of P10 par value ordinary shares outstanding. During the year,…

A: A company may decide to distribute dividend either in cash, kind or shares.

Q: Hernandez Company has 560,000 shares of $10 par value common stock outstanding. During the year,…

A: Shares outstanding = 560,000 shares Stock dividend = 15% = 560,000 * 15% = 84,000 shares Stock…

Q: ABC Company has 560,000 shares of common stock outstanding with a par value of $10. During the year,…

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Q: First Time Corporation conducted an IPO, issuing 2 million common shares with a par value of P0.25…

A: Calculation of equity account and market capitalization end of first year are as follows

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A: Dividend per share is computed as the total dividend paid divided by the number of shares…

Q: Andam Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and…

A: Dividend is the disbursement of profit in consideration to the shares purchased by the shareholders.…

Q: Lea Company has P420,000 shares of P10 par value common stock outstanding. During the year Lea…

A: The answer is stated below:

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A: Net profit before Taxation    = 150000 (-)Tax @28% = (42000) Net Profit after Taxation = 108000…

Q: The preference share is cumulative and participating with three years dividends in arrears

A: Dividend is the disbursement of profit in consideration to the shares purchased by the shareholders.…

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A: The retained earnings during the year increase by the amount of profit after deducting the dividends…

Q: Alpha Metals Product has 300,000 common shares outstanding, which were sold for an average price of…

A: After stock split number of shares increase but value remained same only there is increase in…

Q: Howat Corporation earned $360,000 during a period when it had an average of 100,000 shares of common…

A: Net income of the corporation=$360,000 Number of common shares outstanding=100,000 Number of…

Q: During May 1, 20x1, Yami Inc. issued 90,000 of its P10 par value ordinary shares for P1,080,000. Net…

A: 1) Journal Entries Date Particulars No of share Debit Credit   Retained Earning May-20x1 Bank…

Q: Jamaica Corporation bought 160,000 shares of Love Corporation for 60 each. One month from purchase,…

A: A stock split :Existing shares is divided  into multiple shares. Eg: 2-for-1 stock split: An…

Q: A company called SparkTrack Ltd has just calculated a net profit before taxation of R150 000. The…

A: A statement of changes in owners equity includes the opening balance of owners capital , includes…

Q: Brown Company had 200,000 shares of P20 par ordinary and 20,000 shares of P100 par, 6% cumulative,…

A: Formula: Diluted earnings per share = Net income / Total outstanding Ordinary shares

Q: AAA Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and…

A: Hey there, since multiple sub-parts are posted only the first three sub-parts will be answered.…

Q: The Royal Corporation reported profit for 2012 of P177,500. Royal began the year with 100,000 shares…

A: Basic earnings per share means how much net income is attributable to each equity share in the…

Q: Wade’s outstanding stock consists of 40,000 shares of noncumulative 7.5% preferred stock with a Rs.…

A: Dividends are to be first paid to preference shareholders, to the extent payable and only the…

Q: Girlie Company's net income last year was P300,000. Girlie Company has 100,000 shares of common…

A: Earning Per share Earning per share is a financial ratio to measure the company's ability to produce…

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

Q: National Company has 100,000 shares of P10 par value common stock issued and outstanding. Total…

A: Earning Per Share = Net incomeNumber of shares outstanding                                      =…

Q: National Company's net income last year was P500,000. The company has 150,000 shares of common stock…

A: Total preferred dividend paid = No. of preferred shares outstanding x dividend per share = 30000…

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…

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A: Addition to retained earnings = Net Income - Preferred Dividend - Common Stock Dividend

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A: This is a case of stock split. Hereby the shares already outstanding are split into 2 or more…

Q: Matthew Corporation is authorized to issue 1,500,000 shares of its P10 par Ordinary Shares. It has…

A: Share-holders equity is the statement of equity in which share issue, dividends and share splits are…

Q: Andam Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and…

A: The details of capital structure of company is given. Required  Calculate total dividend to be…

Q: Hernandez Company has 560,000 shares of $10 par value common stock outstanding. During the year,…

A: Stock Dividend = 560000 shares x 20% stock x $30 market price = $3,360,000

Q: On January 1, 2021, Eugene Co. had retained earnings of P1,240,000. During 2021, the co. earned net…

A: Retained earnings balances are adjusted for many reasons. This is the summary of retained earnings.…