Gemilang Bhd has share capital of RM1 million in shares of 25 sen each. At 31 May 2022 shares had a market value of RM1.10 each. On 1 June 2022, the company makes a right issue of 1 shares for every 4 held at RM0.60 per share. Its profit were RM500,000 in 2022 and RM440,000 in 2021. The year-end is 30 November. Calculate (a) the theoretical ex-rights price; (b) the bonus issue element; (c) the basic earnings per share for 2021; and (d) the basic earnings per share for 2022.
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- On 1 June 2021, Double Tree Bhd. Issues RM7 million 7% redeemable preference shares at RM1 each, redeemable at a premium of 10% on 31 May 2024. Dividend is payable on paid-up capital. The effective interest rate is 9.3 % and the interest is due on 31 May every year. Required: Show the extracts from the statements of profit or loss and the statements of financial position for the year 31 May 2021, where the redeemable preference share is measured at amortised costDuring 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? (PRESENT YOUR ANSWER IN TWO (2) DECIMAL PLACES, example: xx.xx)A listed company has made a profit after tax of RM1,500,000 in the year ended 31 December 2021. It has 10,000,000 ordinary shares in issue. It also has 2,000,000 10% preference shares in issue. Calculate the earnings per share for the year ended 31 December 2021.
- Savona Bhd has outstanding 3,000,000 ordinary shares. The balanced in its contributed share capital and retained earnings accounts at 1 January 2019 were RM60,000,000 and RM24,000,000, respectively. In 2019, the company’s net income was RM4,700,000. A cash dividend of RM0.60 per share was declared on 5 May 2019 and was paid on 30 June 2019. A 6% share dividend was declared on 30 November 2019, and distributed to shareholders of record on 31 December 2019. The market price of the shares has been as follows: 31 October 2019 RM3130 November 2019 RM3431 December 2019 RM38 REQUIRED:(a) Prepare the journal entries to record the declaration and payment of the cash dividend and the share dividend.(b) Prepare the Statement of Changes in Equity for the year ended 31 December 2019.Please answer in good accounting form. Thankyou 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?Karanji Tegar Bhd (KTB), an oil and gas company has 6,000,000 ordinary shares with a market value of RM2.55 per share as of 1 January 2020. On that date, the equity section also showed RM250,000,000 retained earnings balance and RM3,000,000 revaluation reserve balance. The following transactions related to KTB during the year 2020:1. On 11 January 2020, the company issued 250,000 ordinary shares at RM2.40 each payable in full on application. Actual applications for 400,000 ordinary shares were received. Balloting was carried to select the successful applicants and cash received from unsuccessful applicants were returned on 28 February 2020. Other costs paid was RM2,800 for underwriters' fees, RM4,000 for legal fees and RM400 for printing. 2. On 30 September 2020, the company declared a 2% share dividend to existing shareholders. The share dividend was distributed on the same date. The market price of the share was RM2.60. 3. On 31 December 2020, the company declared a cash dividend of…
- AUBURN Corporation had 120,000 of ordinary shares issued and outstanding at January 1, 2021. OnOn January 2 of the same year, the company issued 80,000 preference shares. During the year, the corporation declared and paid P420,000 cash dividend on the ordinary shares and P240,000 on the preference shares. Net income for the year was P1,500,000. What should be the basic earnings per share in 2021? A. ₱ 10.50 B. ₱ 9.00 C. ₱ 15.75 D. ₱ 12.50The condensed balance sheet of C Company as of December 31, 2020 is shown below: On January 1, 2021, V Company issued 10,000 shares of its Php10 par value stock with a market value of Php40 per share for the net assets of C Company. How much is the increase in the stockholders equity of V Company due to the business combination?XYZ Company has issued 100,000 ordinary shares. The par value of each share is 0.500baisa. Its profits after taxation for the year 2019 were OMR80,000. The directors have declared OMR 20,000 as ordinary dividend. The amount of ordinary dividend per share will be a. 0.400 baisa b. 0.250 baisa c. 0.200 baisa d. 0.700 baisa
- The equity section of a company for the last 2 years shows the following: - Share capital 885 M Euros in 2020 (777 M euros in 2019) - Share premium 3,555 M euros in 2020 (2,941 M euros in 2019) - Retained earnings 6,241 M euros in 2020 (5,293 M euros is 2019) - Treasury shares 82 M euros in 2020 (50 M euros in 2019) Assuming the par value of the company shares is 2 euros. Which of the following statement is correct regarding 2020? do calculation please The company has issued 54 million new shares The company has issued 108 million new shares The company has issued 722 million new shares The company has issued 361 million new shares1. Theodore Company had 168,000 of ordinary shares issued and outstanding at January 1, 2020. On January 2 of the same year, the company issued 112,000 preference shares. During the year, the company issued declared and paid ₱588,000 cash dividend on the ordinary shares and ₱336,000 on the preference shares. Net income for the year was ₱2,100,000. What should be the basic earnings per share on 2020?Show all workings clearly for upvotes. Theodore Company had 168,000 of ordinary shares issued and outstanding at January 1, 2020. On January 2 of the same year, the company issued 112,000 preference shares. During the year, the company issued declared and paid ₱588,000 cash dividend on the ordinary shares and ₱336,000 on the preference shares. Net income for the year was ₱2,100,000. What should be the basic earnings per share on 2020?