11. JVL Holdinas Inc reported ite FRITDA mornin at nE their -- yu iv. IUPUI LcU nS LDITDA IIaryin al 25% wnen revenues are Php30,000,000. JVL Holdings has outstanding shares of 1,000,000. The company would like to sell its stocks, upon doing research the firms similar to JVL Holdings disclosed the following EBITDA multiple: Dot Corp. @ 8.00; Period Corp. @ 7.5; Exclamation Inc. @ 6.25. Using the average EBITDA multiple, the potential market value per share of JVL Holdings is a. Php54.38 b. Php60,52 c. Php50.25 d. Php52.17 12. Based on JVL Holdings information, except that the cost of capital is raised to 15%, the economic value added to breakeven should be a. Php125,000 b. Php250,000 с. Php500,000 d. Php750,000 С.

11. JVL Holdinas Inc reported ite FRITDA mornin at nE their -- yu iv. IUPUI LcU nS LDITDA IIaryin al 25% wnen revenues are Php30,000,000. JVL Holdings has outstanding shares of 1,000,000. The company would like to sell its stocks, upon doing research the firms similar to JVL Holdings disclosed the following EBITDA multiple: Dot Corp. @ 8.00; Period Corp. @ 7.5; Exclamation Inc. @ 6.25. Using the average EBITDA multiple, the potential market value per share of JVL Holdings is a. Php54.38 b. Php60,52 c. Php50.25 d. Php52.17 12. Based on JVL Holdings information, except that the cost of capital is raised to 15%, the economic value added to breakeven should be a. Php125,000 b. Php250,000 с. Php500,000 d. Php750,000 С.

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

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 17E

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0. Duing ih frst year of operationa. Victory, Inc. entered into the tollwing transactions retating to shareholders' equity, PIO por per share and 30.000 preference shares P50 par pet share, > March 14-Sold 50.000 crdinary shares for F100 per shore > Morch 15- Issued 20.000 orcinary shares ta lawyers in exchange tor legal services omiounting to P 300,000, > Morch 15- Sold 35.000 ot its ordinary shares ond 10,000 preference shares for P6.000,000. Fair value of the ordinary shore in PICO. November 20- hued 1.900 of ih ovdnary shares in exchange for equipmient for which the cauh price was known to be PI85.000. Baed on the preceding information, determine the totai shareholders' equity. , Victory's articles of incorporation authorized the issue of 240,000 ordinary shares.
Detcrmine the basis of stock in the tands of the sharcholder in cach of the followinginstances. Assume that the 80% rule is met in all cases.a. Contribution of property with a basis of $1.000 and an FMV of $1.400.b. Contribution of property with a basis of $3,000 and an FMV of $3.800. The stockholderalso received $500 cash from the corporation as part of the stock transaction.Contribution of property with a basis of $8,200 and an FMV of $12.500. The stock-holder also received property with an kiMV of $1.700 from the corporation as part ofthe stock transachion.d. Contribution of a building with anFMV of $200.000. a mortgage assumed by thecorporation) of $100.000 and a basis of S19s onContribution of a building with an FMV of $1.700.000, a mortgage (assumed by thecorporation) of $1.000.000, and a basis of $635.000.
DATE ) The shareholders statement of finiancial position of FGH company showi the folkwing equity secton of the as of January | 2021 Ordinary share capital Ploo stated valve sharcs author ized 40,000 shares autstandın g F 4,000, 000 Ordinary uhare Retained earnings 2,000,000 1, s00, prenium Puring the year the corporation declared the ff divedends Har ch I declared share a cash divedend April Is of FaS to share holders payable per of record of March 31 September olcelared F22 per share of record of a cash divederd of payable on sep. 30 to sharcholdes September 15 Prepart Journal Entries to recorl He dvance dectaratron dictlbution Teacher's Signature Parent's Signature
ABP signment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=&inprogress=false Calculator Alliance Corp. issues 2,370 shares of $12 par value common stock at $15 per share. When the transaction is recorded, what credit entry or entries are made? Select the correct answer. Common Stock $35,550. Common Stock $7,110 and Retained Earnings $28,440. Common Stock $28,440 and Paid-in Capital in Excess of Par Value $7,110. Common Stock $28,440 and Paid-in Capital in Excess of Stated Value $7,11o. 4:03 PM
Item No. 3 is based on the following information: Howing led Leon Corporation sold 500 shares of its P 40 par value preference shares for cash at P 50 per share. 3. In recording this transaction, there would be a: 23510HD 3 a. Credit to Preference Share Capital for P 20,000. b. Credit to Preference Share Capital for P 25,000. open no bsand 21 I.oM matt Credit to Preference Share Capital in Excess of Stated Value for P 5,000. C. d. Credit to Subscribed Preference Share Capital for P 20,000.
Pqulred Informetion The following Information applies to the questions displayed below]. Raphael Corporation's balance sheet shows the foliowing stockholders equity section Proferred stock-54 cumlativo, $ par valge, 1.000 ahares asthorized, ITood and outstanding Coenon atock- Retained earninge Total atockholders eqpity 50,000 .00 par value, 4.000 whares aothorize4, Insced, ad ostatanding 2. if two years preferred dividends are in arrears at the current date and the board of directos declares cash divdends of StES0, compute the total amnount paid to (a preferred shareholders and (b) common shareholders Total amount paid to te referred sharoholders 4.000 Tatal amount paid to the common sharehoiders vivo Y20T Apr 28, 2022, 10:02
1. ABC Co purchases 10,000 XYZ Inc., shares for P100 per share on April 9, 20x1. On March 31, 20x1, XYZ Inc. declares cash dividend of P8 per share to shareholders of record on April 15, 20x1. The dividends will be distributed on April 31, 20x1. The investment is measured at FVPL. Requirement: Prepare Journal Entries on April 9 and April 30, 20x1. 2. ABC Co purchases 10,000 XYZ Inc. shares for P100 per share on April 27, 20x1. On March 31, 20x1, XYZ Inc. declares cash dividend of P8 per share to shareholders of record on April 15, 20x1. The dividends will be distributed on April 31, 20x1. The investment is measured at FVPL. Prepare Journal Entries on April 9 and April 30, 20x1. Requirement: Prepare Journal Entries on April 27 and April 30, 20x1. 3. ABC Co holds 10,000 shares of XYZ Inc. as Investment in equity securities. On April 1, 20x1, ABC Co receives land with accost of P1,000,000 and fair value of P1,300,000 as property dividend. Requirement: Prepare Journal Entries on April1. 4.…
Item No. 7 is based on the following information:neqx noiresinsgno b Nel Corporation's general ledger accounts show among others, the following: 9 to gniuzel va Preference Share Capital (20,000 authorized shares, par P 200) Preference Share Premium-- P 3,400,000 - 200,000 edi bac Ordinary Share Capital (100,000 authorized shares, value P 80) Ordinary Share Capital in Excess of Stated Value 4,000,000 100,000 16r2 7. The issued preference and ordinary shares, respectively, are: a. 17,000 and 50,000. C. 18,000 and 50,000. b. 17,000 and 51,250. d. 20,000 and 100,000.
AB Co issues 5.000 50c shares for $6.000. Required: What are the amounts for share capital and share premium in the statement of financial position?
Problem 2: (Book Value per share with Two Classes of Preference Shares)TINT Corporation presents the following condensed statement of financial position as of the close of the year:Cash ₱ 520,000 Accounts Payable ₱ 550,000Other Assets 1,333,000 Ordinary Share Capital 550,0005% Preference Share Capital 330,0007% Preference Share Capital 220,000Accumulated Profits 203,000Total Assets ₱ 1,853,000 Total Equities ₱ 1,853,000The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are fully participating. The par value of all shares is ₱100. Requirements:C. Compute for the book value per share for: 5. Ordinary shares6.a. 5% Preference shares b. 7% Preference shares
1. An abstract of the shareholders’ equity of the Camia Co. on December 31,200A appears as follows:Preference Share, Php35 par value, 150,000 shares issued and outstanding Php5,250,000Ordinary Shares, Php25 par value, 300,000 shares issued and Outstanding 7,500,000Premium on Preference Share 450,000Premium on Ordinary Share 600,000Retained Earnings 1,200,000Treasury Share – Ordinary 60,000 The Board of Directors decided to establish a reserve of Php230,000 for contingencies and Php380,000 for plant expansion. Required:1. Record…