What is the total amount of dividends on preference and ordinary shares? *₱ 634,500₱ 312,000₱ 322,500₱ 687,000 The capital structure of THOR Company on December 31, 2020, is as follows:12% Preference shares, P200 par, 15,000 shares issued and outstanding - 3,000,000Ordinary shares, P30 par, 250,000 shares issued and outstanding - P7,500,000Share premium, preference – P900,000Share premium, ordinary – P750,000Retained earnings – P2,100,000The following selected transactions relating to shareholders' equity were noted in 2021:Purchased and retired 2,000 preference shares at P280 eachPurchased 30,000 of its own ordinary shares at P35 per shareReissued 5,000 treasury shares at P38 per share.d. Shareholders donated to the company 20,000 ordinary shares when the market price is P36 per share.a.b.C.е.One-half of the donated shares were issued for P39 each.f. Profit for 2021 was P1,850,000The BOD declared and paid the regular annual dividend on the preference shares and P1.50 dividend per ordinaryshare.

The capital structure of THOR Company on December 31, 2020, is as follows: • 12% Preference shares, P200 par, 15,000 shares issued and outstanding - P3,000,000 • Ordinary shares, P30 par, 250,000 shares issued and outstanding - P7,500,000 • Share premium, preference - P900,000 • Share premium, ordinary - P750,000 • Retained earnings - P2,100,000 The following selected transactions relating to shareholders' equity were noted in 2021: a. Purchased and retired 2,000 preference shares at P280 each b. Purchased 30,000 of its own ordinary shares at P35 per share c. Reissued 5,000 treasury shares at P38 per share. d. Shareholders donated to the company 20,000 ordinary shares when the market price is P36 per share. e. One-half of the donated shares were issued for P39 each. f. Profit for 2021 was P1,850,000 The BOD declared and paid the regular annual dividend on the preference shares and P1.50 dividend per ordinary share.

The capital structure of THOR Company on December 31, 2020, is as follows: • 12% Preference shares, P200 par, 15,000 shares issued and outstanding - P3,000,000 • Ordinary shares, P30 par, 250,000 shares issued and outstanding - P7,500,000 • Share premium, preference - P900,000 • Share premium, ordinary - P750,000 • Retained earnings - P2,100,000 The following selected transactions relating to shareholders' equity were noted in 2021: a. Purchased and retired 2,000 preference shares at P280 each b. Purchased 30,000 of its own ordinary shares at P35 per share c. Reissued 5,000 treasury shares at P38 per share. d. Shareholders donated to the company 20,000 ordinary shares when the market price is P36 per share. e. One-half of the donated shares were issued for P39 each. f. Profit for 2021 was P1,850,000 The BOD declared and paid the regular annual dividend on the preference shares and P1.50 dividend per ordinary share.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 18E: Monona Company reported net income of 29,975 for 2019. During all of 2019, Monona had 1,000 shares...

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Hyde Corporations capital structure at December 31, 2018, was as follows: On July 2, 2019, Hyde issued a 10% stock dividend on its common stock and paid a cash dividend of 2.00 per share on its preferred stock. Net income for the year ended December 31, 2019, was 780,000. What should be Hydes 2019 basic earnings per share? a. 7.80 b. 7.09 c. 7.68 d. 6.73
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