On March 31, 20x1, Budoy Co. received 10,000 stock rights from its investment in equity securities to subscribe to new shares at ₱60 per share for every 4 rights held. Prior to issuance of stock rights, the shares were selling at ₱80 per share. How much is the initial carrying amount of the stock rights?

Q: . What amount should be debited to the investment account if the rights were not accounted for…

A: Stock rights are the rights which are given by the company to the existing shareholders or the…

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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…

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

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A: Given that: Shares issued = 100,000 Value at which shares issued = 121,000 Commission = 1000 When…

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A: The purchase of shares leads to share in profits of the company, whose shares are being purchased.…

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A: Initial carrying value of investment on the date of acquisition is the investment cost 10,000…

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A: The share premium is the amount received on issuance of share in excess to the face value of shares.

Q: company issued 2 million ordinary shares at a price of RM2 per share. On 30 September 2018, the…

A: 2014 2015 2016 2017 Earnings Per share (EPS) (RM) 0.51 0.72 0.63 0.72…

Q: Victory Company issued 8,000 ordinary shares with P200 par value and 20,000 preference shares with…

A: Market value of ordinary shares = no. of  ordinary shares x Selling value per share = 8000*360 =…

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A: The dividend is declared from the retained earnings of the business. The dividend can be paid in the…

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

Q: On July 1, 2010, Bettina Company's board of directors declared a 10% share dividend. The market…

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

Q: Baur Company acquired 20,000 ordinary shares on October 1 for P1,344,000 to be held for trading. On…

A: Stock: Stock is a share that describes the ownership of an individual in the corporation. These…

Q: amount credited to share premium from ordinary shares?

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Q: Venus Company issued 20,00O shares of its P70 par value ordinary shares and 8,000 shares of its P80…

A: Market value of Ordinary shares = No. of Ordinary shares  x Market value per share = 20000 shares x…

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A: Share premium account shows the difference between the par value of shares issued and the issue…

Q: On February 22, Triangle Corporation acquired 2,700 shares of the 95,000 outstanding common stock of…

A: Accounting for investment is the process of journalising the transactions occurred due to…

Q: on October 17, ORANGE Company issued 15,000 shares of its ₱100 par ordinary share in acquiring a…

A: Share premium: It can be defined as the excess of the issue price of a share over its par value.

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A: Share Premium: Share premium is the credited difference in price between the par value, or face…

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A: The retained earnings increases with revenue and decreases with losses during the period. The…

Q: Provide solutions and explanation. Thank you. On March 31, 20x1, Budoy Co. received 10,000 stock…

A: Stock rights means granting additional shares or fresh shares to existing shareholders when a fresh…

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Q: At what amount should the investment be shown on Inn Corporation had 30,000 ordinary shares of NPA…

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Q: On June 1, Axie Corporation issued 8,000 shares of its P100 par ordinary share capital to BEAST for…

A: Share Premium Account In a simple work share premium account is the difference between the basic…

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A: Rights issue : A rights issue is an offering of rights to the existing shareholders of a company…

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: Please show all equations and work as needed. Make the correct answer clear. If possible, please…

A: As requested, I have typed the calculations for your convenience.The company sold 4 million of…

Q: the beginning of current year, CFAS Company issued 50,000 shares of P10 par value for P113 per…

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Q: On March 1, 20x1 Lizza Corporation issued 100,000 ordinary shares of P1 par for P5 per share when it…

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

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

Q: On January 1 of the current year, Philips Company, an investor, held 10,000 shares of Sunshine…

A: Right issue is a derivative financial instrument because their value depends upon underlying and it…

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A: A dividend is the payout of a portion of a company's worth to a group of shareholders chosen by the…

Q: Calculate basic & diluted EPS of Tarik Bhd for the year ended 31 December 2018.

A: Warrants ​No of warrants = 4000000 Current Price = RM 9 warrant exercise price = RM 6 Warrant Value…