LAVENDER Corporation issued 20,000 shares of its ₱70 par value ordinary share capital and 8,000 of its ₱80 par value preference share capital for a total amount of ₱1,800,000. At this date, the company's ordinary shares are selling at ₱80 per share and the preference shares are at ₱100 per share. What amount of the proceeds should be allocated to the preference shares?   a. ₱ 800,000 b. ₱ 640,000 c. ₱ 600,000 d. ₱ 400,000

Q: 2. LAVENDER Corporation issued 20,000 shares of its P70 par value ordinary share capital and 8,000…

A: Correct option is C. i.e P400,000

Q: A Company issued 20,000 shares of its ₱70 par value ordinary share capital and 8,000 of its ₱80 par…

A: Introduction: Additional paid in capital: Preference shares are issued at more than PAR value then…

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A:

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A: Issue of Share Capital One of the main source of fund raised by the company to issue shares into the…

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A: Issue value of preference shares = Lumpsum price x Total market value of preference shares / Total…

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A: A) Ordinary share capital:- The amount of Ordinary share capital for Globe Corporation             =…

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A: Share premium is an excess value of proceeds over the par value of the share. It can be calculated…

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A: The stock dividend leads to increase the number of shares issued and outstanding.

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A: Ordinary shares capital = No. of rdinary shares issued x Par value per share = 3,000,000 shares x RO…

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A: Here allocations  should  be done on basis of fair value/ market  value

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A: To find the following as, Total outstanding share Total issues share Shareholder's equity

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A: Common stock issued by the company should always be recorded at par value. Value above than par…

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A: As per PFRS Treasury stock and a gain or revenue account are increased by the market value of the…

Q: LAVENDER Corporation issued 20,000 shares of its ₱70 par value ordinary share capital and 8,000 of…

A: Total market value of preferrence shares = No. of preferrence shares x market value per share =…

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A: Dividend per share = Total Dividend / No. of share

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

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A: Solution:- Given, On December 1, 2020 Line Corp., received a donation of 200 shares @$5 par common…

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A: Proceeds allocated to the preferred stock = Market value of Preferred StockMarket Value of Common…

Q: Prepare journal entries and the ledger accounts to record the above transaction. (b)       Extract…

A: Journal entry is the entry which is recorded at the time when a company makes a financial…

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A: Stock Split: Face value of the shares of companies is split in stock split and there is no…

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A: Journal Entry :- The purpose of preparing the journal entry to segregate the transaction which are…

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A: The value received in excess of par value is credited to share premium account.

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A: Share capital is considered as a part of capital which is issued by the company as shares. Shares is…

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A: Formula: Asset increase = Sale value - PAR value

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A: Corporation's asset increase by = No. of shares issued x issue price per share

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A: Stock: It refers to a security issued in a form of certificate. It implies the right of ownership of…

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A: Total amount charged to Retained Earnings account=Shares Outstanding×11×Face Value

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A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

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A:

Q: Entity A has 30,000 shares outstanding at 100 pesos par value per share. If Entity A reacquires…

A:

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A: Share premium refers to the amount that is determined from the difference shares face or par value…

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A: Preference shares are that type of shares which have pre-determined rate of dividend. The company…

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A: The statement of retained earnings reflects the change in retained earnings during a specific period

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A: Amount  charged to the store equipment = No. of shares issued x market value of the stock per share

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A: Treasury stock is the amount of shares reacquired by the entity.

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A: Journal entry is an accounting process under which all relevant business transaction are recorded in…

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A: The paid up capital is defined as the component of called up capital that is actually reimbursed…

Q: FOR ITEMS 36 AND 37 Munn Company's records included the following shareholders' equity accounts:…

A: The number of ordinary shares issued has been calculated as follows: Number of issued ordinary…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.