Kremlin Company reported the following shareholders' equity at year-end: Share capital, P30 par value, P3,000,000; Share premium, P600,000; Retained earnings, P4,200,000. A 20% share dividend was declared and distributed at year-end when entity's share was selling at P65. What amount should be reported as share capital outstanding?

Q: At year end, National Corporation balance sheet showed total assets of P70,000,000, total…

A: Given: Total assets = P70,000,000, Total liabilities = P35,000,000 Preferred share capital =…

Q: July 3, 20x2, Yami issued 150,000 of its ordinary shares for P1,950,000. A 5% share dividend was…

A: Solution: Working: Date Particulars Ordinary Share (P) paid in capital of excess of par retained…

Q: On December 31, Noah Co. had 40,000 weighted average outstanding ordinary shares. During the year,…

A: Calculation of basic learning for shares is done then consideration of only ordinary shares is taken…

Q: During 2021, CAPTAIN AMERICA Company had two classes of shares issued and outstanding for the entire…

A: Basic Earnings Per share = Earnings Available for Ordinary Share holders/Number of Ordinary Shares…

Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share…

A: Calculation of balance of Unappropriated Retained earnings at the end of year    Amount (In P)…

Q: McDo Co. reported the following amounts in the shareholders’ equity section of its  December 31,…

A:

Q: Abs Company had 20,000 ordinary shares outstanding on January 1 of the current year. On May 1, the…

A: Earning per share: It implies to the earnings that is being received by the company's shareholders…

Q: Relay Company provided the following data at year-end: Authorized share capital P 5,000,000 Unissued…

A: • Treasury stocks are shares bought back or repurchased from the existing investors by the company.…

Q: Sabo Company reported the following shareholders’ equity at year end: 6% noncumulative preference…

A: Book value per ordinary share is a ratio of total ordinary shareholder's equity and the number of…

Q: The capital structure of THOR Company on December 31, 2020, is as follows: • 12% Preference shares,…

A: Shareholders' equity is the sum total of all the money which belongs to the owners of a company. It…

Q: An entity provided the following information at year-end: Preference share capital, at par 2,000,000…

A: Net income =Sales -Total expenses=10,000,000 -7,800,000=2,200,000   Retained earnings at year end…

Q: Sengoku Company provided the following accounts at year-end: Authorized share capital 5,000,000…

A: Share capital includes the parts of capital which are issued so that investors can invest for…

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: ABC Company provided the following information for the year ended December 31, 2020: Share Capital…

A: Statement of changes in shareholders' equity represents the transactions during the year that has…

Q: #22 At the beginning of the current year, Flor company had retained earnings of P4,800,000. During…

A: Retained Earnings - Retained Earnings is the amount accumulated by the company over a period of…

Q: The accounts below appear in the current year-end trial balance of Trogss Company: Accounts payable…

A: Net income = sales - total expenses = 16000000 - 12480000 = 3520000 Ending retained earnings balance…

Q: Levi Co. is calculating earnings per share for inclusion in the annual report to share holders. The…

A: Diluted Earning Per Share: The diluted earnings per share (diluted EPS) of a corporation is…

Q: The capital structure of THOR Company on December 31, 2020, is as follows: • 12% Preference shares,…

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

Q: McDo Co. reported the following amounts in the shareholders’ equity section of its  December 31,…

A:

Q: Yami, Inc. issued 90,000 of its P10 par value ordinary shares for P1,080,000. Net incomethrough…

A: Share capital is the capital issued by a company at par value. Issued capital more than par value is…

Q: Metro Company provided the following data at year-end 12% Preference share capital, 20,000 shares,…

A: solution given Ordinary share capital 5,000,000 Number of ordinary share 50,000…

Q: Trans Union Corporation issued 5,000 shares for $50 per share in the current year, and it…

A:

Q: The annual report for Sneer Corporation disclosed that the company declared and paid…

A: 1.

Q: The capital structure of THOR Company on December 31, 2020, is as follows: • 12% Preference shares,…

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

Q: The capital accounts of SEB Company as of yearend 2021 are as follows: Ordinary Share Capital (P10…

A: Total market value of Ordinary Share Capital  = Ordinary Share Capital  + Share Premium = 500,000 +…

Q: What should be reported as total shareholders’ equity on December 31, 2020?

A: Total Shareholders' equity computation includes: a) Outstanding shares  b) additional paid up…

Q: Mara Company provided the following data at year-end: Authorized share capital 5,000,000 Unissued…

A: Shareholders' equity in the balance sheet represents the amount which can be obtained by deducting…

Q: A year-end balance sheet includes the following information for Owners' Equity: Common stock…

A: Given that, common shares issued = 100000 shares Common stcok = $50000 Additional paid in capital =…

Q: The PowerPoint Corporation has two classes of share capital outstanding: 9% (dividend rate), P20…

A: Ordinary shares- Ordinary shares, also known as common shares, are stocks sold on community barter.…

Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share…

A: Retained earnings are that part of a total profit of a company that is retained after paying all…

Q: Michelle Company had the following share capital issued and outstanding for the entire current year:…

A: Basic EPS represents the per share amount earned by the common shareholders of an entity out of its…

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

A: The retained earnings are the balance of the net income retained for future requirement such as…

Q: At the beginning of the current year, BFAR Corp. was authorized to issue 100,000 shares with P50 par…

A: The retained earnings increases with revenue and decreases with losses during the period. The…

Q: On January 1, 2020, LeiLanie Company reported the following shareholders' equity: Share capital…

A: The shareholders' equity section records the total equity that belongs to the shareholders of the…

Q: The YZA Corporation has 100,000 ordinary shares authorized, par value P10. As of the end of…

A: The question is based on the concept of Financial Accounting. Earning per share is calculated by…

Q: The Shareholders’ Equity section of Green Corporation at December 31, 2019 showed the following: 8%…

A: Ratios are the mathematical relationships between two figures expressed in comparison of one…

Q: Alpha company reported the following equity accounts on January 1, 2020. Share capital, P20 par,…

A: Share premium: Shares issued more than PAR value called Share premium. Share premium = Issued Price…

Q: Using the following information for the year ended 30 June, prepare the Retained Earnings Account…

A: Retained earnings accounts show the free reserve available for distribution of dividends and issue…

Q: On January 1, 2020, LeiLanie Company reported the following shareholders' equity: Share capital…

A: Equity shares are the contribution to the capital of the company. Capital is divided into a small…

Q: Doffy Company issued 200,000 shares of P5 par value at P10 per share. On January 1, 2020, the…

A: Retained earnings is part of net profit of the year that is retained by the organization for future…

Q: e Financial controller at T

A: Bonds are priced by discounting future cash flows. Future cash flows include coupons and par value…

Q: At the beginning of the current year, Bella Company was organized and authorized to issue 100,000…

A: The shareholders' equity section displays all the capital, income or losses that belongs to…

Q: Trans Union Corporation issued 5,200 shares for $50 per share in the current year, and it issued…

A: When shares are sold or issued , cash account will be debited which increases the total assets and…

Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share…

A: The unappropriated retained earnings are the net retained earnings that are available for the…

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: CFAS Company showed the following information from its shareholders' equity at year-end before the…

A: Accounting Entry to be made:     General Journal Debit Credit Common Stock (5100 shares * P125)…

Q: nc. reports net income of $350,000. It declares and pays preferred dividends of $50,000 for the…

A: Earnings per share  = (Net income - preferred dividend) / Weighted-average number of common shares…

Q: Helio Co. has retained earnings at the beginning of the current year of $400,000. During the current…

A: First, compute the dividends paid as shown below: Dividends paid = 50,000*$1.00 Dividends paid =…

Q: Please answer in good accounting form. Thankyou During 2021, CAPTAIN AMERICA Company had two…

A: The basic earnings per share is calculated as net income available to common shareholders divided by…

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.