4. An entity showed the following data: Share capital, par value P50 5,000,000 Share premium 200,000 Retained Earnings 2,000,000 Market value of share on declaration date 75 Market value of share on distribution date 85 Treat each item independently: c. How much would be the total shareholders’ equity after a 10% share dividend declaration? d. If the entity would declare a 1 for 5 share split, What would be the balance of retained earnings?
Q: Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company…
A: Cost Of Goods Sold :— Cost Of Goods Sold is the Cost of Goods which is incurred on the Goods…
Q: Prepare a retained earnings statement for the month of June. (List items that increase retained…
A: Retained Earning :— Retained Earning are the Amount of Profit of the Company has Left over after…
Q: Data for the year just ended: Estimated total manufacturing overhead cost Estimated total direct…
A: The statement of cost of goods manufactured represents the cost of goods that are finished during…
Q: On January 1, 2022, Broncos Universal issued 12% bonds dated January 1, 2022, with a face amount of…
A: Bond Price :— It is sum of present value of periodic interest payment and face value amount. If…
Q: TNT CORP HAS THE FOLLOWING STOCK OPTION INFORM OPTIONS GRANTED GRANT DATE PAR VALUE/UNIT EXERCISE…
A: The stock option is the method of compensating the employees by granting them the option to buy the…
Q: Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire…
A: Under the net method of purchases, purchases are recorded at net of discount. Term 2/10…
Q: Benson Limited is constructing a Power Plant which was completed on 31st December 2019. The company…
A: Lets understand the basics. As per IAS 23 "Borrowing cost", borrowing costs incurred for the…
Q: Presented below are accounts of Cutie Company Additional: During the year, the owner made an…
A: Financial Position of the Company :— Balance sheet of the Company Provides the Financial Position of…
Q: A. Explain why a firm might consider a stock split for its shares.
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Goodway Corporation sold $100,000 worth of bonds to raise money for plant expansion.…
A: Bond :— Bond is Long term Liabilities in nature. Bond are showing in Balance Sheet Under Non Current…
Q: Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children…
A: Income Tax- Income Tax is that the charge computed on the income of a personal or a company which is…
Q: Req A Req B Req C1 The human resources director at Halleck is looking over the bids and tells FMW…
A: FMV offers workshops on business leadership and life skills exclusively to corporate clients.…
Q: In 2020, a Liberty Seated half dollar issued in 1890 was sold for $120,000. What was the rate of…
A: Rate of return is return is profit or loss on investment made for a particular period of time.…
Q: US Qui Question 1- Inventory Management (LO3) Simeon runs a business that imports tables from China…
A: Economic Order Quantity Economic Order Quantity can be seen as an inventory management approach. It…
Q: If equity is $300,000 and liabilities are $192,000, then assets equal
A: Balance of both side of balance sheet should be equal. It means Total of equity and liabilities is…
Q: Below are the Income Statement and Balance Sheet for Longborg Corporation for the…
A: The profitability ratios are used to measure the profit earning capacity of the entity, The…
Q: d. Calculate the Accounts Receivable Turnover for 2021. e. Calculate the Inventory Turnover for…
A: Accounts Receivable Turnover (ART) Ratio is the ratio which represent the company's policy of…
Q: What entry (debit or credit) would you make to: (a) increase revenue (b) decrease in expense, (c)…
A: In Accounting, accounts are categorized mainly of types: Assets accounts Liabilities accounts…
Q: Tepaid Insurance The balance in the prepaid insurance account, before adjustment at the end of the…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: PhP 20,000.00 was invested at simple interest, part at 11% for two years and the rest at 8% for…
A: Time value of money :— According to this concept, value of money in present day is more than the…
Q: With respect to each of the following activities, characteristics, and applications, indicate…
A: Answer:- Centralize organization meaning:- A small number of individuals in a centralized…
Q: Mokwena Limited acquired 48% investment in Masibi Limited at R100 000. At the date of acquisition,…
A: TOTAL ASSETS = TOTAL LIABILITIES + CAPITAL
Q: Tanner-UNF Corporation acquired as a long-term investment $360 million of 8% bonds, dated July 1, on…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Total Current Assets in 2016 = $20,000 Net Fixed Assets in 2016 = $150,000 Total Current Liabilities…
A: This question can be done from accounting concept. In this question principles of GAAP is used.…
Q: Suppose the smartphone manufacturer Alpha Electronics provides the following information for its…
A: Total Product Cost :— It is the sum of direct material used, direct labour and manufacturing…
Q: Champ received a $13,200 distribution from NeatCo, a U.S. C corporation. NeatCo's earnings and…
A: Dividend income :— It is the distribution of Company's earnings and profit to the shareholders.…
Q: Relevant Cost Irrelevant Cost or Benefit Opportunity Cost Sunk Cost or Benefit $40,000 salary from…
A: Cost Accounting system A perpetual inventory accounting system, the cost accounting system is…
Q: E1-6 Analyzing Revenues and Expenses and Preparing an Income Statement Assume that you are the…
A: Introduction: An income statement is a financial statement that details the company's earnings and…
Q: If assets are $99,000 and liabilities are $32,000, then equity equals:
A: Assets is the amount or property owned by the company where as liability is the amount owed by the…
Q: You are required to: Prepare the Retained Earnings columns as it would appear in the Statement of…
A: .
Q: × red 22:44 Get live help whenever you need from online tutors! Work in process, October 1ª Started…
A: Cost per Equivalent units :— It is calculated by dividing total cost incurred during period by…
Q: Cook Enterprises purchased goods from a supplier on credit for $2,000 on December 31, 2020. No…
A: The question is based on the concept of Financial Accounting. When any asset is purchased on credit…
Q: 4. An entity showed the following data: Share capital, par value P50 5,000,000 Share premium 200,000…
A: Introduction: Share split occurs when a company increases the number of shares issued, however even…
Q: Q5 On 3 May 2016, Mashego Limited acquired 75% (and control) of Mahlangu Limited’s outstanding…
A: According to the given question, we are required to compute the investment in the subsidiary in the…
Q: A contractor borrows $40,000 from a bank. According to the agreement between them, the contractor…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: US Qui Question 1- Inventory Management (LO3) Simeon runs a business that imports tables from China…
A: Standard Costing The process of estimating (or standardizing) expenses for some or all of a…
Q: Acme Pest Control has sales of $13,500, cost of goods sold of $4,000, selling expenses of $3,500,…
A: The Income Statement tells how much any company had earned. Hence, income Statement helps to…
Q: Question Content Area Which of the following is true regarding a limited liability company?…
A: For starting or organisation of business, several business forms can be used. These can be sole…
Q: The current ratio of Fryman Company is 1.76:1. What does that mean? For the toolbar
A: In finance we use financial ratios to determine the financial position and financial health of a…
Q: The following transactions relate to Mpika Ltd a company that operates in the mining industry in the…
A: 1. The delivery of assorted inventory items valued at 15,000 ZMV has been taken on 15 February,…
Q: Arizona Ltd. has two divisions: 1) The Machining Division prepares the raw materials into component…
A: Part 1 - Computation of the operating income for each division if the transfer price from Machining…
Q: Business income allocations from an S corporation to its shareholders are self- employment income to…
A: The S-corporation is a special type of corporation in which all the income, gains, and losses of the…
Q: Costco Wholesale Corporation is an American multinational corporation which operates a chain of…
A: Transaction General Journal Debit Credit (1) Accounts Receivable $40,000 Service…
Q: Required: 1. Calculate the am
A: Companies may just produce goods without selling them during a particular season of the year. Hence,…
Q: Exercise 3 June 1: Atletic Co. Ltd recorded an authorized capital of 200,000 shares with par or face…
A: Issue of shares is one of the important source of raising finance being used by the company. Shares…
Q: 10. What is the amount of the quarterly deposits A such that you will be able to withdraw the…
A: Cumpunded interest :— In cumpound interest rate The Interest Payable on Principal amount + Interest.…
Q: 3. On Oct. 31, 2017, Claire company declared property dividend to be paid on March 31, 2018. The…
A: Dividends are the share of profits which is being distributed to the shareholders for making…
Q: 4. KLM company's direct cost and overhead details given below in August 2022. Cost accounting…
A: Lets understand the basics. Overhead is a cost which can not be alloted to specific product so it…
Q: What amount should be recorded as non-controlling interest in the net assets of Mahlangu Limited in…
A: Given in the question: Mashego Limited Mahlangu Limited Total Assets 504000 216000…
Q: Due to its experience rating, Ianelli, Inc., is required to pay unemployment taxes on its payroll as…
A: a. SUTA taxes paid to Massachusetts = $17,100 x 4% = $684 b. SUTA taxes paid to New Hampshire =…
4. An entity showed the following data:
Share capital, par value P50 5,000,000
Share premium 200,000
Market value of share on declaration date 75
Market value of share on distribution date 85
Treat each item independently:
c. How much would be the total shareholders’ equity after a 10% share dividend
declaration?
d. If the entity would declare a 1 for 5 share split, What would be the balance of retained
earnings?
Step by step
Solved in 2 steps
- 4. An entity showed the following data:Share capital, par value P50 5,000,000Share premium 200,000Retained Earnings 2,000,000Market value of share on declaration date 75Market value of share on distribution date 85Treat each item independently: a. If the entity would declare a 1 for 5 share dividend, what amount would be charged to retained earnings? b. What amount will be credited to share premium if the entity would declare 15% share dividend?2. An entity showed the following data:Share capital, par value P10, 25,000 shares issued 250,000Share Premium 50,000Retained Earnings 150,000Market value of share on declaration date 20Market value of share on distribution date 40a. If a 10% share dividend will be declared, what amount of retained earnings will be capitalized? Prepare the entries on declaration and distribution date.b. If a 25% share dividend will be declared, what amount will be charged to retained earnings? Prepare the entries on declaration and distribution date(b) The owners' equity account for Rantuil Utilities Berhad are shown below: Common Share (RM2 par) Capital Surplus Retained earnings Total shareholder's equity RM30,000 RM285,000 RM648,100 RM963,100 If Rantuil Utilities Berhad currently sells for RM30 per share and a 10 percent share dividend is declared, i. Determine the number of new shares that will be distributed. ii. Reconstruct new owners' equity account for Rantuil Utilities Berhad.
- 3. A property holdings declared a dividend of P9 per share for the common stock. If the common stock closes at P76, how large is the stock yield ratio on this investment? a. 27. 17% c. 11.04% b. 27. 07% d. 11.84%The discounted cash flow model and the corporate valuation model are the most widely used valuation techniques. Often these valuations are accompanied by market multiple analysis, which is based on the fundamental concept that sinar assets should have simlar values. Carlson Co, is a privately owned firm with few investors. Investors forecast their eamings per share (EPS) to reach $3 this coming year The average price-to-earnings (P/E) ratio for similar companies in the S&P 500 is 11. The estimated intrinsic value of Carlson Co.'s stock will be Market multiple analysis is also used to calculate the value of a company, which is further used to calculate the intrinsic vakre per share of the fim Suppose you have the information given in the following table for Company X. EBITDA Total value of equity Total firm value per share. Year 1 Year 2 $10,680 $12,375 $121,500 $112,500 $182,250 $202,5003. The following share dividends were declared and distributed by Party Company: Percentage of ordinary shares outstanding Market value Par value 10% 225,000 150,000 25% 600,000 450,000 How much should be debited to Retained Earnings at the time of declaration? Group of answer choices 600,000 675,000 750,000 825,000
- 4. An entity showed the following data:Share capital, par value P50 5,000,000Share premium 200,000Retained Earnings 2,000,000Market value of share on declaration date 75Market value of share on distribution date 85Treat each item independently: e. If the entity would declare a 2 for 1 share split, How much would be the new par value?You are given the following information: Stockholders? equity = GHS1,250; price/earnings ratio = 5; shares outstanding = 25; and %3D market/book ratio = 1.5. %3D Calculate the market price of a share of the company?s stock. O A. GHS 33.33 B. GHS 75.00 C. GHS 10.00 D. GHS166.67 O E. GHS133.32You are given the following information: ordinary shares, P80,000 (P80par); Share Premium-Ordinary, 200,000; and Retained Earnings, P400,000.Assuming only one class of share, the book value per share is? a.P280 b. P680 c. P80 d. P400
- ed A company has the following balance sheet (market values): Liabilities + Equity Debt Equity Assets Cash Operating Assets 600 1000 400 1200 If the firm has 300, find its fair share price after it repurchases 100 worth of shares: (round your answer to the nearest 0.01)A Ltd is acquiring B Ltd and will pay consideration totally through shares. The financial data of both companies are given below : A LTD B LTD PROFITS 800000 300000 NO.OF EQUITY SHARES 400000 200000 EPS 2 1.5 P/E RATIO 12 7 Calculate the following: 1. Market price of each company share? 2. Market Capitalization of each company 3. Find out the Exchange Ratio(Swap Ratio)Use the method of comparable to calculate the value per share for company B. the below table shows us sales, earning, book value, and share capital Sales Earning Book value Share Capital Company A 22160 1952 16123 6050 Company B 26951 4262 12045 4744 Company C 306058 18396 72461 8970 The below table shows share price and par value for companies Company A Company B Company C Share price 0.470 ??? 2.190 Par value 0.100 1.000 0.100