Question 1.) 10.000 non-par value share were issued at P4. The journal entry includes a credit of? A. APIC P4000 B. Share Capital P40.000 C. Share Capital P10.000 D. Cash P40.000 Question 2.) When Marlou Corp. was formed on January 2020, the corpo

Q: "On January 1, 2020, ABC Company was established as an Industrial public shareholding company. ABC…

A: Total amount received = No. of shares subscribed x Issue price per share = 2,000,000 shares x JD 1…

Q: 3. How many ordinary shares are issued and outstanding respectively as of December 31, 2021? * The…

A: No. of shares issued from donated shares = No. of donated shares  x 1/2 = 20000 shares x 1/2 =…

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A: The process of recording business transactions in the books of accounts for the first time is…

Q: 1: Cyrell Company issued 200,000 shares of P5 par value at P10 per share. On January 1, 2019, the…

A: Introduction Retained earnings are the earnings that is left after dividend distribution to…

Q: 3. On December 18, 2020, UNO Corporation issued 5,250 ordinary shares, par P30 for P58 per share. At…

A: Stockholders' equity, is the company's proprietors guarantee on resources after obligations have…

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

Q: 28. On January 1, 2019, the statement of financial position of ABC Co. shows the following…

A: Hi student Since there are multiple questions, we will answer only first question.

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

Q: The corporate charter of Diana Company authorizes the issuance of 500,000 ordinary shares with a P10…

A: The shareholder's equity tells about the total equity that belongs to the shareholders. It includes…

Q: If a corporation issues 1,000 shares of $1 par value common stock for $12,000, the journalentry…

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

Q: Question 1.) 10,000 non-par value share were issued at P4. The journal entry includes a credit of?…

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

Q: On 1/5/2021, Al-Saada Company obtained approval from the Securities Commission giving it the right…

A:

Q: enden Company was organized on January 1, 2020 at which date it issued 300,000 ordinary shares of P6…

A: Treasury Stock refers to the purchasing back of shares of the company that are already issued.

Q: During its first year of operations, Cupola Fan Corporation issued 40,000 of $1 par Class B shares…

A: Journal entries            No.  Date  account titles and explanation   Debit…

Q: AAA Corporation issues 1,000 P5 par value ordinary shares and 1,000 P20 par value preference shares…

A: The following information is given: The ordinary shares were selling = P36 The preference shares…

Q: Senden Company was organized on January 1, 2020 at which date it issued 300,000 ordinary shares of…

A: Treasury stock refers to the purchasing back of the shares of the company that are already issued.

Q: DEF Corporation was authorized to issue 500,000 shares, P50 par value ordinary share capital on…

A: Journal entry for issue of share capital shall be passed on 1. Application money received- journal…

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A: Shareholders equity balance comprises of common stock and retained earnings and treasury stock.…

Q: The Topeka Corporation has 40,000 shares of P30 par value ordinary shares outstanding. On July 1,…

A: The stock dividend is a method of capitalizing the retained earnings. it is issued in a proportion…

Q: Jones Company reported the following shareholders’ equity on January 1, 2020: • Share capital, P5…

A: The share premium is the excess value received as compared to par value of shares.

Q: 1. Garnett Company was organized on January 1, 2020 with authorized capital of 100,000shares of P200…

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

Q: When Marlou Corp. was formed on January 2020, the corporate charter provided for 100,000 share of…

A: The correct entry to record issue of shares will be: Account Titles and Explanation  Debit…

Q: CFAS Company issued 200,000 shares of P5 par value at P10 per share. On January 1, 2022, the…

A: Under the cost method, the purchase of treasury stock is recorded by debiting treasury stock account…

Q: On January 1, 2020, ABC Company reported the following shareholders’ equity Share capital, 250,000…

A: The dividend is paid to the shareholders from the retained earnings of the business. The retained…

Q: On February 14, 2020 DAVID Co. issued 60,000 shares of its P100 par value ordinary shares and 40,000…

A: In case of composite consideration for proceeds from issuance of share capital, the respective…

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A: Company sells the interest to raise the funds and to raise funds Company sells the shares and the…

Q: Please give solutions and explanation to the three questions. The correct answer is already given,…

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

Q: "1/1/2018, ABC Corporation offered an additional 1,000,000 shares for public of JD 1 par value…

A: Total amount received = No. of shares subscribed x Issue price per share = 900000 shares x JD 2.5 =…

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A: Treasury stock refers to a method used by the organization to repurchase the issued stock. It is…

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Q: On January 01, 2021, Acoba Corporation provided you the following information: Ordinary share…

A: Treasury shares means the share which has been buy back by the company . It will be shown as…

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A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: Alpha Beta Inc. was organized on Jan. 1, 2021. It is authorized to issue 20,000 preference shares…

A: GIVEN     Jan 10 issued 10,000 ordinary shares for cash at P35 per share Mar 1 Issued 10,000…

Q: "On January 1 , 2020, ABC Company was established as an Industrial public shareholding company. ABC…

A: Total amount received = No. of shares subscribed x Issue price per share = 2,000,000 shares x JD 1…

Q: The charter of Zion Associates provides for the issuance of 100,000 shares of common stock. Assume…

A: The charter shows the authorized number of shares which in this case is 100000 shares. Subsequently…

Q: n January 01, 2021, Pagaduan Corporation provided you the following information: Ordinary share…

A: Solution: Treasury shares are those shares which are purchased by a corporation of its own shares.…

Q: Alpha Beta Inc. was organized on Jan. 1, 2021. It is authorized to issue 20,000 preference shares…

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Q: 7. On Dec. 31, 2018, the shareholders' equity section of A. Pacis, Inc. was as follows: Ordinary…

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A: Issue of common stock is considered as the method of raising finance and reacquisition of the stock…

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A: Ordinary share capital is the par value of ordinary shares. Preference share capital is the amount…

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

Q: The shareholders’ equity of Jungkook Corporation as of October 1, 2020 is presented below: Ordinary…

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

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…

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A: Earnings per share indicate the profits per share of common stockholders. It can be calculated by…

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A: There are three golden rules in accounting for recording the transaction : Debit what comes in ,…

Q: no. of shares issued for this transaction?

A: Number of shares issued = Cash received from issue of shares/Price per share

Q: The Corazon Corporation is authorized to issue 100,000 shares at P20 par ordinary shares. At the…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: On January 1, 2020, Marimar Company reported the following shareholder's equity: Share capital,…

A: The Shareholder's equity shows the amount of contribution by the owners to the capital of the…