Ace Company stockholder’s equity at the end of 2015 is shown in the table below. Preference share capital, €10 par value €500,000 Share premium – Preference €280,000 Ordinary share capital, €25 stated value €1,500,000 Share premium - Ordinary €900,000 Treasury Shares (10,000 ordinary shares) €150,000 Retained earnings €1,235,000 Show solution and explanation in determining how much is the cost per share of the treasury shares

Ace Company stockholder’s equity at the end of 2015 is shown in the table below. Preference share capital, €10 par value €500,000 Share premium – Preference €280,000 Ordinary share capital, €25 stated value €1,500,000 Share premium - Ordinary €900,000 Treasury Shares (10,000 ordinary shares) €150,000 Retained earnings €1,235,000 Show solution and explanation in determining how much is the cost per share of the treasury shares

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter11: Stockholders' Equity

Section: Chapter Questions

Problem 11.16E

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Ace Company stockholder’s equity at the end of 2015 is shown in the table below. Preference share capital, €10 par value €500,000 Share premium – Preference €280,000 Ordinary share capital, €25 stated value €1,500,000 Share premium - Ordinary €900,000 Treasury Shares (10,000 ordinary shares) €150,000 Retained earnings €1,235,000 Determine how many shares of ordinary shares are outstanding? and b) determine how much must be the total shareholder’s equity?
Analyse the information given in the table below and answer the questions below:Details Company A Company BShare price R60 R90Number of ordinary shares issued 10 000 000 10 000 000Market capitalisation 600 000 000 900 000 000Annual earnings R90 000 000 R120 000 000Earnings per share A BPrice/ Earnings (P/ E) Ratio C DREQUIRED:Please note that all theoretical answers should be in your own words and not directly from yourtextbook or any other source. Remember to add a list of resources (correctly referencedaccording to the Harvard method) at the end of your assignment. Calculate the missing amounts for A ‐ D.Round off your answers to 2 decimal places.
Ace Company stockholder’s equity at the end of 2015 is shown in the table below. Preference share capital, €10 par value €500,000 Share premium – Preference €280,000 Ordinary share capital, €25 stated value €1,500,000 Share premium - Ordinary €900,000 Treasury Shares (10,000 ordinary shares) €150,000 Retained earnings €1,235,000 Determine the number of preferred shares issued; and b) Determine the issue price of each ordinary share, if we assume that the ordinary shares are issued all at one time. Show and explain the solution step by step.
Book Value Per share Problem 2 (Adapted)The following account balances appear in the shareholders’ equity section of Wendelove Company on December 31, 2018:Preference share capital, 12% P100 4,000,000Ordinary share capital, P100 16,000,000Share premium 8,000,000Retained earnings 4,000,000 Dividends have been paid on the preference share up to December 31, 2016.Determine the book value per preference share if the preference share is:a. cumulative and fully participatingb. noncumulative and non participatingc. cumulative and non participating
a) Ace Company stockholder's equity at the end of 2015 is shown in the table below. Determine the number of preferred shares issued; and b) Determine the issue price of each ordinary share, if we assume that the ordinary shares are issued all at one time. Show and explain the solution step by step. Preference share capital, €10 par value €500,000 Share premium – Preference €280,000 Ordinary share capital, €25 stated value Share premium - Ordinary €1,500,000 €900,000 Treasury Shares (10,000 ordinary shares) Retained earnings €150,000 €1,235,000
Problem 1 (Adapted)The shareholders’ equity of Yelan Company showed the following account balances on December 31, 2018:Share capital, P100 5,000,000Share Premium 1,000,000Retained earnings 2,000,000Revaluation surplus 800,000 Compute the book value per share on December 31, 2018.
The Mike Corporation’s statement of financial position shows total shareholders’ equity of P3,150,000 as of December 31, 2016. a. What is the book value per share, assuming that the company has only one class of share capital outstanding consisting of 50,000, P10 par ordinary shares?A. P10.00B. P63.00C. P70.20D. P73.00 b. What is the book value per ordinary share assuming that the company has two classes of share capital outstanding consisting of the following: 5,000, P100 par value preference shares with a liquidation value of P120 per share and 50,000, P10 par value ordinary shares?A. P10.00B. P51.00C. P53.00D. P63.00
Es Tri Company provided the following information from a comparative statement of financial position: Es Tri Company provided the following information from a compara December 31, 2024 December 31, 2023 Share capital, P5 par 7,500,000 4,500,000 Share premium 52,000,000 40,000,000 Retained earnings 19,500,000 15,500,000 Treasury shares, at cost, 600,000 shares on December 31, 2024 and 400,000 shares on December 31, 2023. 7,000,000 5,000,000 What is the number of outstanding shares on December 31, 2024?
What amount should be reported as retained earnings on December 31, 2017? On January 1, 2017, an entity reported the following shareholders' equityShare capital, 100,000 shares authorized, 50,000 shares outstamding, P100 par 5,000,000Share premium 4,000,000Retained earnings 5,000,000The BOD declared a 10% stock dividend on July 1, 2017, when the market value of the share was P150. the stock dividend was issued on October 1, 2017 when the market value of the share was P180. The entity sustained a net loss of P1,500,000 for 2017. What amount should be reported as retained earnings on December 31, 2017?
Problem 6 (Adapted)Anna company presented the following account balances in the shareholders’ equity section for the year ended December 31, 2018: Preference share capital, 12% P50 par, P3,000,000, Ordinary share capital, P100 par, P6,000,000 and deficit, (P1,350,000). No dividends have been paid on the preference share since 2016. Determine the book value per share under the following conditions:a. Preference share is preferred as to assetsb. Preference share is preferred as to dividend
ILLUSTRATION 8. Following figures appeared in the Balance Sheet of Pure Products Ltd. as on 31-03-2016: 31-03-2015 31-03-2016 $ Equity Share Capital ($10 each) 2,90,000 3,35,000 Less : Calls-in-arrears 3,000 1,000 2,87,000 3,34,000 Add : Forfeited Share Account 8,000 4,000 2,95,000 3,38,000 6% Preference Share Capital ($100 share) 1,00,000 50,000 Capital Reserve 7,000 17,500 Securities Premium Reserve Account 12,000 2,000 General Reserve 1,20,000 80,000 Capital Redemption Reserve Account 60,000 Additional information During 2015-16, 4,000 new equity shares of $ 10 each and 500, 6% preference shares of $100 each both were issued at par and in either case there were no calls-in-arrears. (i) Preference shares are redeemable at a premium of 10%. Calls-in-arrears represent final call money @ $2 per share. Reissue of forfeited shares, if made, was @ $9 share. (ii) (iii) (iv) Capital Reserve Account balance on 31-3-2015 and 31-3-2016 indicated only profits arising out of reissue of forfeited…
A company reported the following information on December 31, 2021: Preference share, P100 par P230,000 Share premium - Preference 80,000 Ordinary share, P15 par 525,000 Share premium - Ordinary 275,000 Subscribed ordinary share 5,000 Retained earnings 190,000 Share dividends distributable 40,000 Subscription receivable - Ordinary 40,000 Determine the total shareholders' equity.

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Preference share capital, €10 par value	€500,000
Share premium – Preference	€280,000
Ordinary share capital, €25 stated value	€1,500,000
Share premium - Ordinary	€900,000
Treasury Shares (10,000 ordinary shares)	€150,000
Retained earnings	€1,235,000