please answer numbers 4 and 5 only
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A: Option D
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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. 6.73Contributed Capital Adams Companys records provide the following information on December 31, 2019: Additional information: 1. Common stock has a 5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding. 2. Preferred stock has a 100 par value, 3,000 shares are authorized, 800 shares have been issued and are outstanding. Two hundred shares have been subscribed at 120 per share. The stock pays an 8% dividend, is cumulative, and is callable at 130 per share. 3. Bonds payable mature on January 1, 2023. They carry a 12% annual interest rate, payable semiannually. Required: Prepare the Contributed Capital section of the December 31, 2019, balance sheet for Adams. Include appropriate parenthetical notes.Anoka Company reported the following selected items in the shareholders equity section of its balance sheet on December 31, 2019, and 2020: In addition, it listed the following selected pretax items as a December 31, 2019 and 2020: The preferred shares were outstanding during all of 2019 and 2020; annual dividends were declared and paid in each year. During 2019, 2,000 common shares were sold for cash on October 4. During 2020, a 20% stock dividend was declared and issued in early May. At the end of 2019 and 2020, the common stock was selling for 25.75 and 32.20, respectively. The company is subject to a 30% income tax rate. Required: 1. Prepare the comparative 2019 and 2020 income statements (multiple-step), and the related note that would appear in Anokas 2020 annual report. 2. Next Level Compute the price/earnings ratio for 2020. How does this compare to 2019? Why is it different?
- Cash dividends on the 10 par value common stock of Garrett Company were as follows: The 4th-quarter cash dividend was declared on December 21, 2019, to shareholders of record on December 31, 2019. Payment of the 4th-quarter cash dividend was made on January 18, 2020. In addition, Garrett declared a 5% stock dividend on its 10 par value common stock on December 3, 2019, when there were 300,000 shares issued and outstanding and the market value of the common stock was 20 per share. The shares were issued on December 24, 2019. What was the effect on Garretts shareholders equity accounts as a result of the preceding transactions?Lyon Company shows the following condensed income statement information for the year ended December 31, 2019: Lyon declared dividends of 6,000 on preferred stock and 17,280 on common stock. At the beginning of 2019, 10,000 shares of common stock were outstanding. On May 1, 2019, the company issued 2,000 additional common shares, and on October 31, 2019, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible. Required: 1. Compute the 2019 basic earnings per share. 2. Show the 2019 income statement disclosure of basic earnings per share. 3. Draft a related note to accompany the 2019 financial statements.The shareholders' equity of Garnet Corporation on December 31, 2021 showed the following items: 8% Preference Share Capital par P100, 20,000 shares authorized, 16,000 shares issued and outstanding P1,600,000 Ordinary Share Capital par P200, 20,000 shares authorized, 16,000 shares issued and outstanding 3,200,000 Share Premium - Preference 80,000 Share Premium - Ordinary 320,000 Retained Earnings 1,300,000 Dividends declared in 2021 was P800,000. No dividends were declared from January 1, 2018. Determine dividends paid to preference shareholders and ordinary shareholders in total and per share in 2021, assuming preference shares are: 1. non-cumulative, non-participating 2. cumulative, non-participating 3. non-cumulative, fully participating 4. cumulative, fully participating 5. cumulative, participating up to 10% only
- Shaina company reported the following shareholders’ equity on December 31, 2019:Preference share capital, 10% cumulative and non participating, P100 par, 10,000 shares P1,000,000Ordinary share capital, P100 par, 20,000 shares 2,000,000Subscribed ordinary share capital, 10,000 shares 1,000,000Subscriptions receivable 250,000Share Premium 500,000Retained Earnings 1,200,000Treasury ordinary shares, 5,000 at cost 400,000 The preference dividends are in arrears for 2017, 2018 and 2019. a. What is the book value per ordinary share? b. What is the book value per preference share?lala provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (cumulative and nonparticipating) 1,000,000 Preference share capital, 8% P50 par (noncumulative and participating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018Compute the book value per 8% preference shareThe following shareholders’ equity accounts are included in the statement of financial position of Kiwi Co. on December 31, 2020. • Preference share capital, 8%, P100 par (200,000 shares authorized, 60,000 shares issued and outstanding)- P6,000,000 • Ordinary share capital, P5 par (2,000,000 shares authorized, 600,000 shares issued and outstanding) -P3,000,000 • Share premium- P3,750,000 • Retained earnings- P3,500,000 In 2021, Kiwi took part in the following transactions concerning equity. 1. Paid the annual 2020 P8 per share dividend on preference shares and a P2 per share dividend on ordinary shares. These dividends had been declared on December 31, 2020. 2. Purchased 81,000 shares of its own outstanding ordinary shares for P40 per share. 3. Reissued 21,000 treasury shares for land valued at P900,000. 4. Issued 15,000 preference shares at P105 per share. 5. Declared a 10% stock dividend on the outstanding ordinary shares when the shares are selling for P45 per share. 6. Issued the…
- Del Valle Company provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (cumulative and nonparticipating) 1,000,000 Preference share capital, 8% P50 par (noncumulative and participating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018.compute the book value per ordinary shareprovided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (noncumulative and participating) 1,000,000 Preference share capital, 8% P50 par (cumulative and participating) 1,500,000 Ordinary share capital, P100 2,500,000 Share premium 500,000 Retained earnings 600,000 Dividends have been paid on the preference share up to December 31, 2018. compute the Book value ordinary shareThe shareholder’ equity of M Corp on Dec 31, 2021 follows: 10% Preference share capital P100 par, 45,000 shares P4,500,000Ordinary share capital, P20 par, 180,000 shares P3,600,000Preference share premium P1,000,000Ordinary share premium P900,000Retained Earnings P5,480,000Total shareholder’s equity P15,480,000 Preference share are non-cumulative with dividends in arrears for 2 years with a liquidation value of P110. On December 31, 2021, a cash dividend of P500,000 was declared. What is the book value per share of ordinary share capital? A.56 B.120 C,130 D.180