P40 to be held as treasury e. Sold 3,000 treasury ordinary shares at P50 f. Share split up for ordinary shares, 2 for 1 g. Shareholder donated 10,000 or

Q: At the beginning of current year, BLACKPINK Company had 480,000 P60 par value ordinary shares and…

A: Formula: Basic earnings per share = (Net income - Preferred dividend)/ Weighted average number of…

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: Swifty Corporation sold 310 shares of treasury stock for $35 per share. The cost for the shares was…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

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: Ericka Co. has the following share capital outstanding during 20x1 and 20x2 : Preference shares -…

A: Earning per share can be calculated by dividing total income after dividend by the number of shares…

Q: At December 31, 20x4 and 20x5 Maki Corporation had outstanding 30,000 shares of P100 par value 6%…

A: The preference shareholders have the priority to receive the dividend before any other type of…

Q: BFAR Corp. has ordinary share capital with par value of P50, and preference share capital with par…

A: The balance of the Share Premium account at the end of the year is P490,000.

Q: On December 31, Noah Co. had 40,000 weighted average outstanding ordinary shares. During the year,…

A: Calculation of basic learning for shares is done then consideration of only ordinary shares is taken…

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: If the cost method is used to record treasury stock transactions, to record the sale of the 5,000…

A: Given information is: Long Co. issued 100,000 shares of  P10 par ordinary shares  for P1,200,000.…

Q: Diaz Corporation, a distributor of exercise equipment, has the following outstanding shares: 18,000…

A: Dividend per share is computed by dividing the total dividends by the number of shares outstanding.

Q: Red Inc., has the following information: 9% Preference share, 2,000 shares outstanding P220,000;…

A: Participating preference share are those share which in addition to their preferential return are…

Q: . What amount should be recognized as share premium at year-end? 5. What is the total shareholders’…

A: It is the statement that provides the movement of the owner's balance from the beginning to the end…

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

Q: At the beginning of current year, CFAS Company was organized and authorized to issue 100,000 shares…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: y shares at ₱50 • Share split up for ordinary shares, 2 for 1 • Shareholders donated 10,000 ordinary…

A: Split Shares The number of shares outstanding is increased and  the individual value of each share…

Q: GRAPES Company provided the following data for the year: a. Sold 25,000 preference shares, 12%, P50…

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

Q: The EASY Corporation has the following information relating to its share capital: • 10% Preference…

A: Preference dividend = P2,000,000 x 10% = P200,000

Q: DEF Co. earned income of $750,000 for the fiscal year ended Dec 31. At the beginning of that year…

A: Earning Per Share (EPS) represents the net income that each common shareholder is earning from the…

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: Love Corporation provided the following data during the first year of operations: Sold 30,000…

A: 1. Preference share capital =30,000 × $100=$3,000,000. Share Premium Preference =30,000 ×…

Q: Metro Company provided the following data at year-end 12% Preference share capital, 20,000 shares,…

A: solution given Ordinary share capital 5,000,000 Number of ordinary share 50,000…

Q: BFAR Corp. has ordinary share capital with par value of $50, and preference share capital with par…

A: BFAR Corp has ordinary share capital at par value of P 50 and preference capital at par value of P…

Q: 00 preference shares at ₱60 • Purchased 5,000 ordinary shares at ₱40 to be held as treasury • Sold…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Porsche Company provided the following data during the first year of operations: Sold 30,000…

A:

Q: Trans Union Corporation issued 5,000 shares for $50 per share in the current year, and it…

A:

Q: Sampson Corp. had 500,000 shares of common stock outstanding at the beginning of the year. The…

A: Solution Concept Basic earning per share =earning available for common shareholders / weighted…

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

A: Dividends: Dividends are given to share holders as a return on their investment in the company.

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: 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: At the beginning of current year, Lauretta Company reported the following shareholders' equity:…

A: Particulars Amount Retained earnings at the beginning 2,000,000 Less: Property dividend at Fair…

Q: GRAPES Company provided the following data for the year: • Sold 25,000 preference shares, 12%, ₱50…

A: Solution:- Introduction:- The above all transactions related to share capital. The main purpose  of…

Q: the shares issued for cash the year would be _____shares.

A: Legal capital refers to the amount of the corporation's equity that cannot be legally allowed to…

Q: GRAPES Company provided the following data for the year: • Sold 25,000 preference shares, 12%, ₱50…

A: All amounts are in (P).

Q: Emily Rose Company showed the following data: Preference share capital, par value P20, 100,000…

A: Shares: Shares are the units owned by company which are classified into two types, common shares or…

Q: Honda Company provided the following data during the first year of operations: Sold 30,000…

A: When an event occurs in the business and it can be measured and expressed in terms of money, it…

Q: A. Diaz Corporation, a distributor of exercise equipment, has the following outstanding shares:…

A: The Preference will be given to Preference shareholders at the time of distribution of dividends.…

Q: Goosen Company has outstanding 40,000 shares of €5 par ordinary shares which had been issued at €30…

A: Treasury Stock: It refers to the shares that are reacquired by the corporation that are already…

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.

Q: Trans Union Corporation issued 5,200 shares for $50 per share in the current year, and it issued…

A: When shares are sold or issued , cash account will be debited which increases the total assets and…

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: Co. has 260,000 outstanding (P10 par) ordinary shares and retained earnings balance of P1,780,000 or…

A:

Q: At the beginning of current year, Juan Company was organized with 100,000 authorized shares of P100…

A: Share capital These are the shares issued by a company to an outsider. These shares entitle a share…

Q: Camiguin Company reported the following information at year-end: Ordinary share capital Convertible…

A: Basic earnings per share = Net income available to ordinary shareholders / Weighted average number…

Q: GRAPES Company provided the following data for the year: • Sold 25,000 preference shares, 12%, ₱50…

A: Share Capital The purpose of issue of share capital to raise the additional fund which are needed…

Q: GRAPES Company provided the following data for the year: • Sold 25,000 preference shares, 12%, ₱50…

A: Split Shares The number of shares outstanding is increased and  the individual value of each share…

Q: Diaz Corporation, a distributor of exercise equipment, has the following outstanding shares: 18,000…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…