The capital accounts of ABC Company as of yearend 2021 are as follows: Ordinary Share Capital (P10 par) - 500,000 Share Premium - 250,000 Retained Earnings - 3,135,000 The company's ordinary shares are currently selling at P20. How much is the net effect of a 10% share dividend to the company's reserves? How much is the net effect of a 30% share dividend to the company's total shareholders' equity? How much is the net effect of a 4-for-1 share split to the company's legal capital?

The capital accounts of ABC Company as of yearend 2021 are as follows: Ordinary Share Capital (P10 par) - 500,000 Share Premium - 250,000 Retained Earnings - 3,135,000 The company's ordinary shares are currently selling at P20. How much is the net effect of a 10% share dividend to the company's reserves? How much is the net effect of a 30% share dividend to the company's total shareholders' equity? How much is the net effect of a 4-for-1 share split to the company's legal capital?

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 8MC: Hyde Corporations capital structure at December 31, 2018, was as follows: On July 2, 2019, Hyde...

See similar textbooks

Similar questions

The capital accounts of Gripit Company as of yearend 2021 are as follows: Ordinary Share Capital (P10 par) - 500,000 Share Premium - 250,000 Retained Earnings - 3,135,000 The company's ordinary shares are currently selling at P20. How much is the net effect of a 10% share dividend to the company's reserves? How much is the net effect of a 30% share dividend to the company's total shareholders' equity? How much is the net effect of a 4-for-1 share split to the company's legal capital?
The capital accounts of SEB Company as of yearend 2021 are as follows: Ordinary Share Capital (P10 par) - 500,000 Share Premium - 250,000 Retained Earnings - 3,135,000 The company's ordinary shares are currently selling at P20. How much is the net effect of a 10% share dividend to the company's reserves? How much is the net effect of a 30% share dividend to the company's total shareholders' equity? How much is the net effect of a 4-for-1 share split to the company's legal capital?
The capital accounts of Boom Company as of yearend 2021 are as follows: Ordinary Share Capital (P10 par) - 500,000 Share Premium - 250,000 Retained Earnings - 3,135,000 The company's ordinary shares are currently selling at P20. How much is the net effect of a 10% share dividend to the company's reserves? How much is the net effect of a 30% share dividend to the company's total shareholders' equity? How much is the net effect of a 4-for-1 share split to the company's legal capital?
The capital accounts of Britannia Company as of yearend 2014 are as follows: Ordinary Share Capital (P10 par) - 500,000 Share Premium - 250,000 Retained Earnings - 3,135,000 The company's ordinary shares are currently selling at P20 How much is the net effect of a 10% share dividend to the company's reserves? How much is the net effect of a 30% share dividend to the company's total shareholders' equity?
During 2021, CAPTAIN AMERICA Company had two classes of shares issued and outstanding for the entire year. Additional information are as follows: Ordinary share capital, par ₱10 - ₱1,000,000; 7% Preference share capital, ₱100 par, cumulative - ₱500,000. The net income for the year amounts to ₱500,000. What is the basic earnings per share?
For the year 2021, Aquamarine Corporation has earned a net income of P400,000. Compute for the basic earnings per share under each of the following assumptions a. The company has only one class of stock with 100,000 shares outstanding b. The company has shares outstanding as follows: 8% Preference Share Capital P50 par, 20,000 shares outstanding Ordinary Share Capital P10 par, 100,000 shares outstanding i. Preference shares are cumulative ii. Preference shares are non-cumulative, dividends has been declared by the BOD iii. Preference shares are non-cumulative, no dividend has been declared by the BOD c. Same as letter b but with additional information with regards to the issuance of ordinary shares Jan 1 Beginning Balance 60,000 shares May 1 Additional Isuance 20,000 shares Aug 1 Additional Isuance 20,000 shares Nov 1 Additional Isuance 30,000 shares
The balance in the retained earnings of HAWKEYE Corporation on December 31, 2020 and 2021 respectively are P720,000 and P582,000. The net income for 2021 was P500,000. A share dividend was declared and distributed which increased ordinary share capital by P200,000 and share premium by P110,000. A cash dividend was declared and paid. What is the amount of cash dividends declared and paid? a. ₱ 638,000 b. ₱ 442,000 c. ₱ 328,000 d. ₱ 248,000
Below is Company A's balance sheet at the end of 2022. Assume that Company A issues 25 shares of common stock and 1 share of preferred stock. What is the earnings per share of Company A? 2022 AmountNet sales$1,000.0Variable operating costs 770.0Fixed operating costs 50.0Depreciation and amortization 50.0Interest30.0Taxes20.0Preferred dividends5.0Common dividends25.0 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
The ABC's statement of financial position shows total shareholders' equity of P3.150.000 as of December 31, 2020. What is the book value per share, assuming that the company has only one class of share capital issued consisting of 52,000 ordinary shares, including 2,000 shares reacquired, with a par value of P 10?
The capital accounts of Britannia Company as of yearend 2014 are as follows: Ordinary Share Capital (P10 par) - 500,000 Share Premium - 250,000 Retained Earnings - 3,135,000 The company's ordinary shares are currently selling at P20 How much is the net effect of a 4-for-1 share split to the company's legal capital?
Shilling Company reports the following information for its fiscal year-end of March 31, 2019: Common stock, $0.01 par value per share $57 million? Paid-in capital in excess of par – Common. Retained earnings 400 million. Total stockholders’ equity $757 million 300 million.What is the total paid-in capital for Shilling Company on March 31, 2019? Select one: a. $357 million b. $57 million c. $300 million d. $757 million
Cabuslay Company showed the following shareholders’ equity on December 31, 2021: Ordinary share capital, P100 par 2,000,000 Preference share capital, 8% P50 par, cumulative and participating 2,500,000 Preference share capital, 10% P50 par, noncumulative and participating 1,500,000 Retained earnings 270,000 Dividends are in arrears for two years, and preference share has preference as to assets.Compute the Book value per ordinary share