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PROBLEM 1: ETC Co. has been paying regular semi-annual dividends to its shareholders. The following are the company's equíty transactions: The company has 1,800,000 shares issued and outstanding; total shares authorized is 3,000,000 shares; the par is P2 per share. 1.1 4.15 Issued 100,000 new shares at P5 per share. 5.20 Reacquired 200,000 shares at P8 per share. 6.30 Paid dividend of P2,550,000. 10.13 P2 M of P1,000 bonds were converted into ordinary share at the rate of 50 shares of stock per P1,000 bond. 11.11 Reissued 100,000 shares from the treasury at P6 per share. 12.16 Issued an 11% share dividend. 12.31 Paid semi-annual dividends. The dividend per share is the same as that paid in the first semi-annual period. 1. The dividend per share paid on June 30. 2. The amount of dividend to be paid in the December 31, in order to pay the same dividend rate as that paid in the previous semi-annual period,

PROBLEM 1: ETC Co. has been paying regular semi-annual dividends to its shareholders. The following are the company's equíty transactions: The company has 1,800,000 shares issued and outstanding; total shares authorized is 3,000,000 shares; the par is P2 per share. 1.1 4.15 Issued 100,000 new shares at P5 per share. 5.20 Reacquired 200,000 shares at P8 per share. 6.30 Paid dividend of P2,550,000. 10.13 P2 M of P1,000 bonds were converted into ordinary share at the rate of 50 shares of stock per P1,000 bond. 11.11 Reissued 100,000 shares from the treasury at P6 per share. 12.16 Issued an 11% share dividend. 12.31 Paid semi-annual dividends. The dividend per share is the same as that paid in the first semi-annual period. 1. The dividend per share paid on June 30. 2. The amount of dividend to be paid in the December 31, in order to pay the same dividend rate as that paid in the previous semi-annual period,

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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PROBLEM 1: ETC Co. has been paying regular semi-annual dividends to its shareholders. The following are the company's equity transactions: 1.1 The company has 1,800,000 shares issued and outstanding; total shares authorized is 3,000,000 shares; the par is P2 per share. 4.15 Issued 100,000 new shares at P5 per share. 5.20 Reacquired 200,000 shares at P8 per share. 6.30 Paid dividend of P2,550,000. 10,13 P2 M of P1,000 bonds were converted into ordinary share at the rate of 50 shares of stock per P1,000 bond. 11.11 Reissued 100,000 shares from the treasury at P6 per share. 12.16 Issued an 11% share dividend. 12.31 Paid semi-annual dividends. The dividend per share is the same as that paid in the first semi-annual period. 1. The dividend per share paid on June 30. 2. The amount of dividend to be paid in the December 31, in order to pay the same dividend rate as that paid in the previous semi-annual period
Transcribed Image Text:PROBLEM 1: ETC Co. has been paying regular semi-annual dividends to its shareholders. The following are the company's equity transactions: 1.1 The company has 1,800,000 shares issued and outstanding; total shares authorized is 3,000,000 shares; the par is P2 per share. 4.15 Issued 100,000 new shares at P5 per share. 5.20 Reacquired 200,000 shares at P8 per share. 6.30 Paid dividend of P2,550,000. 10,13 P2 M of P1,000 bonds were converted into ordinary share at the rate of 50 shares of stock per P1,000 bond. 11.11 Reissued 100,000 shares from the treasury at P6 per share. 12.16 Issued an 11% share dividend. 12.31 Paid semi-annual dividends. The dividend per share is the same as that paid in the first semi-annual period. 1. The dividend per share paid on June 30. 2. The amount of dividend to be paid in the December 31, in order to pay the same dividend rate as that paid in the previous semi-annual period
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