The 500 shares of Delta Air Lines, Incorporated stock bought at $52.45 were sold at $52. Commission is omitted. What would be the loss?
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The 500 shares of Delta Air Lines, Incorporated stock bought at $52.45 were sold at $52. Commission is omitted. What would be the loss?
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- If a corporation reissued at P200 per share 100 shares of treasury stock that it had previously acquired for P280 per share and there wasn’t any Share Premium-Treasury it would debit a. Loss on Sale of Treasury Stock for P8,000 b. Share Premium-Ordinary for P8,000 c. Retained Earnings for P8,000 d. Treasury stock for P8,000 What letter has the right answer? Explain each why the other choices is not the answer.Mary owns 5, 000 shares of stocks from Inter-Pacific Company. The shares were purchased at ₱47.45 per share and were sold at the closing price of ₱48.59. How much is the profit (loss) on the sale of the stock? a. ₱5, 800 b. ₱5, 600 c. ₱5, 700 d. ₱5, 500A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500 of the shares at $20. What amount of revenue is realized from the sale? Group of answer choices $0 $5,000 $2,500 $10,000
- - What is the unrealized gain (loss) reported in profit or loss for the year 2021?A. P31,000B. (P31,000)C. P43,000D. (P43,000) - How much was the gain or loss on the sale of CD shares? A. P1,100 gain B. P2,000 gain C. P15,000 loss D. P15,900 lossA corporation has 50,000 shares of P28 par value stock outstanding that has a current market value of P150. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately a. It will not change at all b. P112.00 c. P7.00 d. P37.50 e. P600.00 Kindly give me a step-by-step computationIf ABC Co. is liquidated, how much would be received by Mr. Chris Pin who holds 20,000 voting shares? P361,600 P249,000 P240,000 P237,400 answer not given
- A decedent left 1,000 XYZ Corporation common shares. The shares were not traded in the stock exchange. The following data were made available Capital stock, XYZ Corporation P10,000,000 Retained earnings 2,000,000 Outstanding shares 100,000 Assume that the shares were traded in the stock exchange. However, the quoted price at the time of death was not determinable. Nonetheless, the highest and lowest quotations of the shares in the market were P140 and P80, respectively, what was the value included the decedent's gross estate?? a. P100,000 b. P110,000 c. P120,000 d. P150,000Papasa Ka Sa Quali Corporation earned P540,000 during the year. The shareholder’s equity is composed of 30,000, P10 par value ordinary shares and 20,000,P30 par value 10% cumulative preference shares throughout the year. The board of directors decided not to declare dividends to help the company recover from the effects of pandemic. How much is the earnings per share presented in the financial statement?An investor bought 200 CYH shares at P50.00. He received cash dividends of P2.00 per share. The company also declares split dividend of 2-1. The market price after the declaration of split is P60.00. Assuming that the investor sold all his shares at the date of declaration, how much profit is realized on the sale of shares of stocks (disregard commission and other charges)?
- On May 1, Republic Corporation purchased 400 shares of stock for P114 per share and held it as FVTPL financial assets. The price decreased to P106 per share on August 1 and then increased to P122 on December 31. During the year, the company received dividends of P3.50 per share. At what amount should the investment be valued in the December 31 balance sheet?4. How much is the gain (loss) on the sale of Mad Company ordinary shares on July 18, 2023? A. P4,500B. P3,000C. P1,500D. P0 5. What is the amount transferred to retained earnings if Jam Company opted to transfer the unrealized gain or loss relating to the shares sold? A. P11,100B. P5,500C. P5,100D. P1,500Hassel Inc.'s would like to undertake a policy of paying out 45% of its income. Hassel’s latest net income was P1,250,000, and it had 225,000 shares outstanding. What dividend per share should Hassel declare? * Choices: P2.63 P2.14 P2.38 P2.50 P2.26