The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of ₱30,000 to its outstanding shares. The outstanding share capital of KALEIDOSCOPE Corporation consists of 3,000 shares of ₱60 par value, 6% preference share capital and 6,500 shares of ₱15 par value ordinary share capital. Dividends are in arrears for two years.  A. Compute for the total amount of dividend given the individual assumptions allocated for: 1. Preference shares: a. Preference share capital is noncumulative and nonparticipating b. Preference share capital is noncumulative and participating. c. Preference share capital is cumulative and nonparticipating.

Q: The following capital accounts are shown in the statement of financial position of George…

A: Amount debited to accumulated profit and losses account = Cost of treasury stock - Sale value of…

Q: A company’s outstanding stock consists of 80 shares of noncumulative 5% preferred stock with a $5…

A: Annual preferred dividend: Par value per preferred share Dividend rate Dividend per preferred share…

Q: The J3 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: The shareholders holding preferred class of stocks are called preference shareholders of the…

Q: Diamondback Welding & Fabrication Corporation sells and services pipe welding equip- ment in…

A: Prepare journal entries:

Q: Wade's outstanding stock consists of 40,000 shares of noncumulative 7.5% preferred stock with a Rs.…

A: Dividends are to be first paid to preference shareholders, to the extent payable and only the…

Q: Sampaguita is authorized to issue P1,000,000 share capital divided into 10,000 shares with P100 par.…

A: In the given question, the company has issued shares above the par value. Any amount received over…

Q: Wade's outstanding stock consists of 40,000 shares of noncumulative 7.5% preferred stock with a Rs.…

A: It is the total money paid by the company at regular intervals from its profits or reserves to the…

Q: The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of P30,000 to its…

A: Formula: Preference dividend per year = Preference capital x Preferred rate

Q: York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5…

A: Given is: Preference shares = 80,000 Par value = $5 Preference dividend rate = 7.5% Total preference…

Q: A Company had the following long-term investments at the beginning of the current year: Investment…

A: A company had following long term at the beginning of the current year : Investment in SMC 12% 5000…

Q: The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of P30,000 to its…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: The outstanding capital stock of Edna Millay Corporation consists of 2,000 shares of $100 par value,…

A: Cumulative preference shares means if the dividend is unpaid in one year, it is carried forward to…

Q: Andam Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and…

A: Dividend on Preference shares = Par Value of Preference Shares x Preference Dividend rate Dividend…

Q: Halverstein Company's outstanding stock consists of 14,000 shares of cumulative 5% preferred stock…

A: Cumulative preference shareholders are those shareholders on which dividend will be paid in next…

Q: Sweet Company’s outstanding stock consists of 1,000 shares of cumulative 5% preferred stock with a…

A: Dividend on cumulative preference shares is accumulated over the years, It means cumulative…

Q: The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of ₱30,000 to its…

A: The preference shareholders get the dividend before any other dividend to other shareholders. The…

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: anterbury Corp. had the following shareholders’ equity at the beginning of 2019: Ordinary Share…

A: The unappropriated retained earnings are the net retained earnings left to be distributed as…

Q: XYZ company's outstanding stock consists 10,000 shares of common stock with a $10 par value and…

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

Q: The Corporation shareholders’ equity section of the Statement of Financial Position  includes the…

A:

Q: Andam Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and…

A: Non cumulative and non participating preference shares:- Non cumulative preference shares means,…

Q: The preference share is cumulative and participating with three years dividends in arrears

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

Q: The outstanding capital stock of Vaughn Corporation consists of 2,100 shares of $100 par value, 7%…

A: Working Note:

Q: The Hillside Corporation has an authorized shares of 250,000 with a par value of Php70. 100,000…

A: Share capital is considered as a part of capital which is issued by the company as shares. Shares is…

Q: Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 550,000…

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

Q: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: Ordinary Shares: 20,000 Shares  Par Value of Ordinary Shares: P20 Preference Shares: 2,000 shares…

Q: The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of ₱30,000 to its…

A:

Q: Jomel Corporation has 10,000 shares of Ordinary share capital authorized, P 30 par of which 6,000…

A: Total amount charged to Retained Earnings account=Shares Outstanding×11×Face Value

Q: Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 600,000…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A: *Preference shares are of nine types, one of them is Cumulative and participating preference shares.…

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: The board of directors of SSS Inc., have declared a dividend of P18,000,000. The company has 40,000…

A: The dividend is the return to the shareholders by the company for the investment made. Shares are…

Q: The JHONG Corporation had the following balances in its Shareholders’ Equity accounts as of December…

A: The treasury stock has debit balance in normal. It is recorded in balance sheet as deduction from…

Q: :(a) Purchased 400 shares of capital stock to be held as treasury stock, paying $60 per share.(b)…

A:

Q: meric Response Sample Corp. was organized on January 1, 2021, with authorized capital of 100,000…

A: The balance of RE is determined from the net income and dividend declared during the year. The…

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: Lewis Co. recently hired a new accountant with very limited experience in corporate accounting.…

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

Q: Wade’s outstanding stock consists of 40,000 shares of noncumulative 7.5% preferred stock with a Rs.…

A: Dividends are to be first paid to preference shareholders, to the extent payable and only the…

Q: Tom Yuppy, a wealthy investor, paid $60,720 for 1,380 shares of $10 par common stock issued to him…

A: Horizontal model is the one which arranges the elements of the financial statement horizontally.…

Q: The Antik Corporation has issued both preference and ordinary shares. On January 1, 200D, the…

A: Preference shares are shares of a company. Preference shares dividends are paid out to shareholders…

Q: Simon Corporation is authorized to issue 4,000,000 shares of P4 par value ordinary shares. The…

A: Stockholders' equity= Equity share capital + retained earnings - treasury shares  Or  All assets -…

Q: The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of ₱30,000 to its…

A:

Q: Tezos Co. reported the following capital structure at the beginning of the current year: Ordinary…

A: Net income means PAT i.e Profit after taxation.   Particulars Amount PAT 1,920,000 Less:…

Q: ezos Co. reported the following capital structure at the beginning of the current year= ordinary…

A: EPS is calculated by taking into account the earnings available for equity shareholders.   WHERE,…

Q: The Channing Company earmed $64,000 last year. The capital stock of the company consists of $500.000…

A: Dividend: It can be defined as the distribution of the net profits of the company to its…

Q: The following capital accounts are shown in the statement of financial position of George…

A: Amount debited to accumulated profit and losses account = Cost of treasury stock - Sale value of…

Q: The J3 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…

A:

Q: On January 1, 2021, Eugene Co. had retained earnings of P1,240,000. During 2021, the co. earned net…

A: Retained earnings balances are adjusted for many reasons. This is the summary of retained earnings.…

Q: The following information appears in the books of G Corporation: Share Capital (par P200; authorized…

A: Shares entitled to receive dividend are those which are issued and outstanding.

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.