Patag Corp. declared a cash dividend of P10,000 on January 17,2016. This dividend was payable to shareholders on record on February 10,2016, and payment was made on March 2,2016. As a result of this cash dividend, current assets will increase (decrease) on *

Q: Jupiter corporation had the following shares outstanding at December 31, 2018: Ordinary shares, par…

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

Q: 2022 2021 Common stock, 10,500 and 10,000 shares, issued and outstanding, respectively, for 2022 and…

A: Retained earnings ending = Retained earnings beginning + Net Income - Dividends ( cash and stock )…

Q: S. RAMOS CORPORATION DECLARED A CASH DIVIDEND OF P500,000 ON MAR. 1, 2018 TO SHAREHOLDERS OF RECORD…

A: Date Accounts Debit Credit MAR. 1, 2018 CASH DIVIDEND P500,000                 CASH DIVIDEND…

Q: the beginning of 2013, U Company had retained earnings of P250,000. During the year U reported net…

A: Amount of retained  earnings  available  for  dividend  at end of 2013 = opening  balance + Net…

Q: On December 31, 2014, Zeus Company showed shareholders' equity of P4,000,000. During the current…

A: Retained Earnings: Retained earnings are the amount of profit that a firm has left over after paying…

Q: InterTractor America, Inc. reported net income (amounts in thousands) of $1,239,400 for 2017.…

A: Solution: Introduction:   EPS stands for Earning Per share, which is a measure of financial…

Q: On November 30, 2016, Div-Corp declared a total dividend of $4,100,000 to preferred and common…

A: The dividend to preference shareholders is paid in before the dividend paid to the common…

Q: For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.75 per share…

A: a.

Q: On 31st March, 2016, ledger balances taken from the books of Menon Ltd. were as follows : Cr.…

A:

Q: Cariyon Company listed the following items in its December 31, 2015, financial statements:…

A: Date Account Titles Debit Credit 02-Feb-16 Dividends Payable: Preferred $4,000.00     Dividends…

Q: Riftwalker Company was incorporated on January 1, 2015 with proceeds from issuance of P7,500,000 in…

A: Answer) Calculation of value of Total Assets on December 31, 2015 Total Assets = Stockholders’…

Q: The 2017 income statement of Coronado Company showed net income of $945,000 and a gain from…

A: EPS: EPS stands for Earnings per share. It tells about the profit earned on each share.

Q: Riftwalker Company was incorporated on January 1, 2015 with proceeds from issuance of P7,500,000 in…

A: SOLUTION-   NET PROFIT = SALES - EXPENSES.                      = 8200000-6400000…

Q: Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude…

A: Notes: 1. Retirement of 2.5 million common stock has debit balance of $2.2 million which represents…

Q: Kenneth Company was organized on January 1, 2015 at which date it issued 100,000 common stock of P10…

A: Introduction: Shareholders' equity which is also known as net worth of the company, is the owners…

Q: An analyst compiled the following information for Universe, Inc., for the year ended December 31,…

A: Cash flow from operating activities:   Net income $850,000 Adjustment to reconcile net…

Q: On January 2,2016, the Board of Directors Kyle Mining Corporation declared a cash dividend of…

A: Liquidating Dividend:-A liquidating dividend is a distribution of cash or other assets to…

Q: 10. Sunny Corp. had a net income during 2018 of $165m, and after payir out dividends to…

A: Since you have asked multiple questions, we will answer the first question for you. Please post…

Q: Sealy Corporation had the following information in its financial statements for the years ended 2014…

A: Average common stockholders equity = (Beginning common stockholder's equity + Ending common…

Q: At December 31, 2016, ABC Co. had 5,000, 8%, $120 par, preference shares issued and outstanding and…

A: Dividend is a kind of return paid to the shareholders.

Q: The Mike Corporation’s statement of financial position shows total shareholders’ equity of…

A: Company means a form of business where the share holder invest money in business in form of shares…

Q: Layne Corporation had the following information in its financial statements for the years ended 2014…

A:

Q: The following data are taken from the ledger of EVA Co. Retained Earnings Date Particulars Debit…

A:

Q: 1 June 2017, Whiting Technologies Ltd declared a $550 000 cash dividend to be stributed to its…

A: Solution: Dividend is the amount of profits distributed to the stockholders by the company. When…

Q: Black Swan provided the following data for 2020: 1. On September 1, Black Swan received a P500,000…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : Black…

Q: On January 4, 2016, Runyan Bakery paid $324 million for 10 million shares of Lavery Labeling Company…

A: 1.Prepare all appropriate journal entries related to the investment during 2016, assuming Runyan…

Q: The Meg Company began operations in January 2013 and reported the following results for each of its…

A: The question is based on the concept of Financial Accounting.

Q: The following data are taken from the ledger of EVA Co. Retained Earnings Particulars 01/01/2017…

A: The balance of retained earnings can be calculated as follows

Q: At December 31, 2016, ABC Co. had 5,000, 8%, $120 par, preference shares issued and outstanding and…

A: Cumulative preference shares are the shares having preferential rights attached to it. This means…

Q: On July 1, 2015, Denver Company purchased 30,000 shares of Eagle Company's 100,000 outstanding…

A: Whenever investment is made in another company, then share of net income will be calculated by…

Q: Jupiter corporation had the following shares outstanding at December 31, 2018: Ordinary shares, par…

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

Q: At the beginning of fiscal 2010 Phoebe Bridgers INC had retained earnings of USD1,000,000 and at the…

A: The question is based on the concept of Financial Accounting. The profit earned during the year is…

Q: In 2017 Pedroni Corporation reported net income of $1,000,000. It declared and paid preferred stock…

A: Earnings per share: It is to be calculated Deduct preferred dividend part from the net income and to…

Q: Balance Sheet of Do Well Ltd. As on 31st March, 2016 was as follows: 1. Equity and Liabilities $ (1)…

A:

Q: On January 2,2016, the Board of Directors Kyle Mining Corporation declared a cash dividend of…

A: Liquidating Dividend:-A liquidating dividend is a distribution of cash or other assets to…

Q: 10. Sunny Corp. had a net income during 2018 of $200m, and after paying out dividends to…

A: Net income = $200m Opening retained earning = $700m Closing retained earning = $840m

Q: The following data are taken from the ledger of EVA Co. Retained Earnings Date Particulars Debit…

A: Dividend: It is the distribution of profit earned by a company its common stock shareholders. In…

Q: For the last three years, Squarepants Corporation paid the following cash dividends: 2016 - P…

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

Q: ABC Inc. declared a dividend on July 17, 2013 to be payable on September 10, 2013. The list of…

A: Solution:- Record date means the date on which the list of shareholders will be made and the persons…

Q: Layne Corporation had the following information in its financial statements for the years ended 2014…

A: Payout ratio means how much amount of dividends has been paid out of net income available for equity…

Q: Ringmeup Inc. had net income of $148,800 for the year ended December 31, 2019. At the beginning of…

A: Weighted average number of outstanding shares = 38,000×412 + 53,000×712 + 48,300×112…

Q: red corp. declare and pay a dividend on July 1, 2018, amount of $45,000; if the Refundable Dividend…

A: correct option with proper explanation are as follows.

Q: The ledger of DIVA Co. shows the follow data: Retained Earnings Date Particulars Debit Credit…

A: Retained earnings: These are defined as the residual or leftover earnings of the business after…

Q: On Jan. 5, 2019, Sanchez Minerals Corp. declared a cash dividend of P6,000,000 to shareholders of…

A: Liquidating dividend is the payment of dividend beyond the available retained earnings.

Q: Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders…

A: Retained earnings is the amount left after deducting dividend paid from the net income.

Q: Jupiter corporation had the following shares outstanding at December 31, 2018: Ordinary shares, par…

A: The calculation of annual preference dividend has been made as follows: Annual preference…

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.