How much should be debited to Retained Earnings at the time of declaration?
Q: The comparative Financial statements of Marshall Inc. are as follows. The market price of Marshall…
A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…
Q: Red Inc., has the following information: 9% Preference share, 2,000 shares outstanding P220,000;…
A: The company will need of capital to increase the wealth of the company, and to increase the revenues…
Q: Bulgasal Company provided the following data: 2020 2021 Share capital (P100 par value) 5,000,000…
A: Retained earnings is the amount of earnings which is accumulated and collected over the period of…
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: basic earnings per share on the face of the income statement under each of the following…
A: Basic earnings per share States how much the company earns . This earning per share is important…
Q: The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel…
A:
Q: Kaido Company showed the following data: Share capital, par value P100, 50,000 shares issued…
A: A journal entry is the first step in chronicling financial transactions in the books of business…
Q: At the beginning of the current year, WELL Co. had 200,000 ordinary shares and 100,000, 4% par value…
A: Dividend to preference shares = 100,000 shares x P100 per share x 4% = P400,000 Calculation of…
Q: The following share dividends were declared and distributed by Party Company: Percentage of…
A: A stock dividend is a dividend paid to shareholders in the form of additional shares in the company.…
Q: The following information was taken from the accounts of JT Corp at year end: Total income since…
A: Current balance of retained earnings = Total income since incorporation - Total cash 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: An entity provided the following information at year-end: Preference share capital, at par 2,000,000…
A: Net income =Sales -Total expenses=10,000,000 -7,800,000=2,200,000 Retained earnings at year end…
Q: Bulgasal Company provided the following data: 2020 2021 Share capital (P100 par value) 5,000,000…
A: Solution Given 2020 2021 Share capital (P100 par value) 5,000,000 5,850,000…
Q: An entity provided the following information at year-end: Preference share capital, at par 2,000,000…
A: An entity provided the following : 1. Preference share capital at par = 2000000 2. Ordinary share…
Q: The following data are extracted from the shareholders' equity section of the statement of financial…
A: Total amount debited to Retained earnings for share dividend = (Ordinary shares Balance as of…
Q: The following data are extracted from the shareholders’ equity section of the statement of financial…
A: Total amount debited to Retained earnings for share dividend = (Ordinary shares Balance as of…
Q: Epic Company earned net income of $892,500 this year. There were 370,000 weighted-average common…
A: Basic Earnings per share = Earnings available for common stockholders/ Weighted average common…
Q: Bulgasal Company provided the following data: 2020 2021 Share capital (P100 par value) Share premium…
A: Dividends: A company pays dividends in cash as well as in share dividends out of net income earned…
Q: Red Inc., has the following information: 9% Preference share, 2,000 shares outstanding P220,000;…
A: The question is related to calculation of dividend per ordinary shares. The total dividend declared…
Q: Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1…
A: As posted multiple sub parts questions we are answering only first three sub parts kindly repost the…
Q: The following share dividends were declared and distributed by Wendy Corp.: Percentage of ordinary…
A: Amount debited to retained earnings for share dividend = Total Fair market value of Shares issued
Q: Luffy Company declared and distributed 10% stock dividend with fair value of P 1,500,000 and par…
A: The entity distributes the dividend in the form of cash and stock. If there is no investment…
Q: ENOLA HOLMES Company provided the following information at year end: Share premium Accounts payable…
A: Shareholders Equity: It is important to understand that shareholders' equity (also known as…
Q: A company reports the following: Net income Preferred dividends Shares of common stock outstanding…
A: Introduction: EPS: EPS stands for Earnings per share. It tells the net profit earned on each…
Q: Suppose a company declares a dividend of $0.50 per share. At the time of declaration, the company…
A: Issued stock is the total stock issued by the company out of the authorized shares. Outstanding…
Q: The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: ABC company has the following data at year end: 10% noncumulative preference shares capital, P1,000…
A: The book value per share for preference dividend is calculated as sum of total par value and…
Q: 2. An entity showed the following data: Share capital, par value P10, 25,000 shares issued 250,000…
A: Introduction Journal entry is the modern method of accounting in which all business transactions are…
Q: Bulgesal Company provided the following data: 2020 2021 Share capital (P100 par value) 5,000,000…
A: solution given Cash dividend issued 1000000 Share dividend issued…
Q: The shareholders' equity section of the Rivera Corporation at December 31, 2018 shows the following:…
A: NOTE : As per BARTLEBY guidelines, when multiple sub parts are given then first three sub parts are…
Q: The following information pertains to Parsons Co. Preferred stock, cumulative: Par value per share…
A: Stockholder's equity Preferred stock…
Q: A portion of the combined statement of income and retained earnings of Blue Inc. for the current…
A: Earnings per share refer to the earnings attributable to each common share of the company.
Q: Solving hor Stockhalders toquity Amaunts Assume that the foitowing amounts are known for Colten…
A: The dividend is declared and paid to the shareholders from the retained earnings of the business.
Q: The following data are extracted from the shareholders’ equity section of the statement of financial…
A: Total amount debited to Retained earnings for share dividend = (Ordinary shares Balance as of…
Q: State the stockholder’s equity of the Alphabet Corporation if it has a current net profit of…
A: In finance stockholders equity is the balance or the remaining amount of assets that are available…
Q: Assuming that the preference share capital of Love Company are non-cumulative and that Love Company…
A: Non-cumulative preference shares are those shares that provide the shareholder fixed dividend amount…
Q: TINT Corporation presents the following condensed statement of financial position as of the close of…
A: Book Value per Share - Book Value per Share is calculated by dividing Stockholder's Equity -…
Q: A company reports the following: Net income Preferred dividends Shares of common stock outstanding…
A: Formula used: Earnings per share = ( Net income - Preferred dividends ) / Shares of common stock…
Q: The following information was taken from the accounts of JT Corp at year end: Total income since…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: What effect will a three-for-one stock split have on the following items found on a firm's financial…
A: Three for stock split is dividing one stock into three stocks. This stock split does not have any…
Q: The following data are extracted from the shareholders' equity section of 5 points the statement of…
A: Retained earnings are an important element of the balance sheet of the business organization. A…
Q: The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall…
A: Formula: Asset turnover ratio = Net sales / Average Total Assets
Q: ezos Co. reported the following capital structure at the beginning of the current year= ordinary…
A: EPS is calculated by taking into account the earnings available for equity shareholders. WHERE,…
Q: Silver Company provided the following information at Problem 5-8 (LAA) Silver Company provided the…
A: Stockholder’s Equity includes the amount contributed by shareholders issued in the form of common…
Q: Robinson Industries reported the following statement of shareholders' equity for the year ended 31…
A: In a companies' monetary reportage, comprehensive financial gain "includes all changes in equity…
Q: Wildcat Corporation recently disclosed the following financial information: Earnings $1,188,770…
A: We have the following information: Earnings: $1,188,770 Assets: $6,900,000 Liabilities: $1,184,277…
The following share dividends were declared and distributed by Ivy Company:
% of Ordinary Share Outstanding | Market Value | Par Value |
10 | 315,000 | 210,000 |
25 | 840,000 | 630,000 |
How much should be debited to
Step by step
Solved in 2 steps
- Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)Stockholder Profitability Ratios The following information pertains to Montague Corporation Required: Calculate the return on common equity and the earnings per share. (Note: Round answers to two decimal places.)
- 3. The following share dividends were declared and distributed by Party Company: Percentage of ordinary shares outstanding Market value Par value 10% 225,000 150,000 25% 600,000 450,000 How much should be debited to Retained Earnings at the time of declaration? Group of answer choices 600,000 675,000 750,000 825,000Kremlin Company reported the following shareholders' equity at year-end: Share capital, P30 par value, P3,000,000; Share premium, P600,000; Retained earnings, P4,200,000. A 20% share dividend was declared and distributed at year-end when entity's share was selling at P65. What amount should be reported as share capital outstanding?Luffy Company declared and distributed 10% stock dividend with fair value of P 1,500,000 and par value of P 1,000,000, and 25% stock dividend with fair value of P 4,000,000 and par value of P 3,500,000. What aggregate amount should be debited to retained earnings for the stock dividends? Show your solution
- An entity provided the following information at year-end: Preference share capital, at par 2,000,000 Ordinary share capital, at par 3,000,000 Share premium 1,000,000 Sales 10,000,000 Total expenses 7,800,000 Treasury shares at cost – ordinary 500,000 Dividends 700,000 Retained earnings – beginning 1,000,000 What ending balance of Retained Earnings should be reported at year-end?The balance in the retained earnings of HAWKEYE Corporation on December 31, 2020 and 2021 respectively are P720,000 and P582,000. The net income for 2021 was P500,000. A share dividend was declared and distributed which increased ordinary share capital by P200,000 and share premium by P110,000. A cash dividend was declared and paid. What is the amount of cash dividends declared and paid? a. ₱ 638,000 b. ₱ 442,000 c. ₱ 328,000 d. ₱ 248,000Bulgasal Company provided the following data: 2020 2021 Share capital (P100 par value) 5,000,000 5,850,000 Share premium 1,000,000 1,600,000 Retained Earnings 3,400,000 4,500,000 During the current year, the entity declared and paid cash dividends or P1,000,000 and also declared and issued a share dividend. There were no other changes in shares issued and outstanding during the year. What is the net income for the current year? Present solutions in good accounting form. No parenthetical solutions. Thanks and God bless!
- The following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures.Total assets$300,000Stockholders' equity—common150,000Total stockholders' equity200,000Sales revenue100,000Net income25,000Number of shares of common stock6,000Common dividends5,000Preferred dividends7,000What is the return on common stockholders' equity ratio for Benedict?The company with the common equity accounts shownhere has declared a 15 percent stock dividend when the market value of its stock is$43 per share. What effects on the equity accounts will the distribution of the stockdividend have?Common stock ($1 par value)Capital surplusRetained earningsTotal owners’ equity$ 385,000846,0003,720,800$4,951,800The following data are extracted from the shareholders' equity section of the statement of financial position of Del Corporation: Ordinary shares, P2 par value - Balance as of December 31, 2010; P1,000,000. Ordinary shares, P2 par value - Balance as of December 31, 2011; P1,020,000. Share premium - Balance as of December 31, 2010: P500.000. Share premium Balance as of December 31, 2011; P580,000. Retained earnings - Balance as of December 31, 2010; P1,000,000. Retained earnings - Balance as of December 31, 2011; P1,046,000. During 2011, the corporation declared and paid cash dividends of P150,000 and also declared and issued a share dividend. There were no other changes in shares issued and outstanding during 2011. What is the net income for 2011.