Andoy Corp. was organized on January 1, 2017 with authorized capital of 100,000 ordinary shares, P20 par value. During 2014, Andoy Co. had the following transactions affecting the shareholders’ equity.  Jan 10 - Issued 25,000 shares at P22 per share. Mar 25 - Issued 1,000 shares for legal service when the fair value was P24 per share. Sep 30 - Issued 5,000 shares for a piece of equipment when the value was P26 per shar

Q: A&K Corporation was established in 2016. A&K has authorized 50,000 shares of common stock, par value…

A: Issue of stock is one of the important source of finance being used in business. It can be common…

Q: Journal entry worksheet r 1 2 3 4 5 The goods cost Troy $22,445. Record Troy's entry for this…

A: Detailed explanation:Journal entry to record cost of goods sold.Record increase in cost by debit…

Q: Captain Morgan Corporation was organized on January 1, 2017. During 2017, Captain had the following…

A: Stockholders’ equity: It refers to the residual amount of assets that are available to the company’s…

Q: On December 31, 2015, Raja Corporation's balance sheet reported the following: The following…

A: Treasury stock: Shares that are bought back by the company from the open market but not retired from…

Q: On December 29, 2009, Bay Company was registered at the Securities and Exchange Commission with…

A: Shareholders equity is the total amount attributable to the shareholders of the company. It includes…

Q: On January 1, 2015, Visaries Corporation was established. On that day, it issued 200,000 shares at a…

A: Common stock par value = $ 10 Issued price = $ 15 Paid in capital in excess of par common stock =…

Q: Cambridge Corp. has a single class of shares. As its year ended December 31, 2015, the company had…

A: The journal entry can be defined as the process of recording business transactions in the accounting…

Q: Riftwalker Company was incorporated on January 1, 2015 with proceeds from issuance of P7,500,000 in…

A: SOLUTION-   NET PROFIT = SALES - EXPENSES.                      = 8200000-6400000…

Q: (ii) Post to the stockholders' equity accounts.

A:

Q: (b) Beach Corporation was organized on January 1, 2017. It is authorized to issue 10,000 shares of…

A: As posted multiple sub parts we are answering only first sub part kindly repost the unanswered…

Q: Kakhie Company issued share capital of 20,000 shares with USD5 par at USD10 per share. On January 1,…

A: The calculation is given below

Q: Sakura Co. was established on January 1, 2011. On January 1, 2011, Sakura issued 100, 000 common…

A: Rules for EntriesPersonal Account: Related to Person or Firm.Receiver will be debited and Giver will…

Q: Kenneth Company was organized on January 1, 2015 at which date it issued 100,000 common stock of P10…

A: Introduction: Shareholders' equity which is also known as net worth of the company, is the owners…

Q: were declared on January 5 payable to shareholders as of February 10. MEOW Company shares were split…

A: Initial carrying value of investment on the date of acquisition is the investment cost 10,000…

Q: Knapp Industries began business on January 1, 2018 by issuing all of its 1,850,000 authorized shares…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: Amel Corporation was organized on January 1, 2015, with an authorization of 1,200,000 shares of…

A: Every company raises finance by way of issue of shares. These can be ordinary shares or preference…

Q: On June 1, 2015, Golden Warriors Corporation declared a share capital dividend entitling its…

A: Stock dividend is known as a method of capitalizing the retained earning. Under this, no profit is…

Q: Debacle Company was organized on January 1, 2012. On that date, it issued 200,000 shares with P10…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: Prepare in a vertical form for publication profit & lost account for the year ended 30th April 201

A: Following that, we'll figure out the company's trading accounts. Then, in order to determine the…

Q: Velor Inc. was authorized to issue 400,000 $2.00 preferred shares and 650,000 common shares. During…

A: Preferred stock issued in excess of par value of $ 2 is credited with the APIC- Preferred stock for…

Q: On July 1, 2018, Alaska Corp. issued 6,000 shares of its P 100 par ordinary share to Atty. Black as…

A: Introduction: A corporation's stock shares are measured in shares. Shares serve as a financial asset…

Q: On December 31, 2017, Alexander Company had $1,200,000 of short-term debt in the form of notes…

A: Liability: Liability is an agreement made by a company to pay a certain amount for the goods or…

Q: Under the cost method of accounting for treasury stock, the reissuance resulted in a credit to  a.…

A: The answers for the multiple choice questions and relevant explanation are presented hereunder : The…

Q: Karima Corporation was formed on January 2, 2014, with 100,000 authorized shares of USD100 par value…

A: Shares issued means the number of shares sold or exchanged with public for money or money's worth.…

Q: Barbie Co. was organized on January 2, 2015, with 500,000 authorized shares of P10 par value common…

A: Treasury stock: Shares that are bought back by the company from the open market but not retired from…

Q: hares and 40,000, 5% cumulative, nonparticipating, preference shares were issued. The ordinary…

A: Dividend is the value of return received on shares by the shareholders from the company. 3 for 2…

Q: Celestial Inc. issued 8,000 shares of its P10 par ordinary shares to a CPA for 600 hrs. of…

A: The company's main source of funding is its share capital. There are two sorts of shares. Ordinary…

Q: Ogag company issued 1,000 shares of its P5 par value ordinary shares as payment for 1,000 hours of…

A: Par. value of Ordinary Shares :- P5  No. Of Equity Shares issued :- 1000 shares  Market Value of…

Q: Denver Co. owns 29,000 shares of common stock of Aspen Co. as an investment. The balance of this…

A: To account for Denver Co.'s investment in Aspen Co. stock during 2023, we need to consider the…

Q: WHAT IS THE LEGAL CAPITAL? The Century Philippines Corporation has been authorized to issue 100,000…

A: Legal Capital: It is capital of the shareholder's equity which is not legally allowed to be…

Q: total shareholders’ equity on December 31, 2018?

A:

Q: The Banco de Plata was organized on April1, 2018 and is authorized to issue 250,000 shares of…

A: Introduction Share capital is the capital raised by the issue of shares. It is the amount invested…

Q: Blue Ltd. reported $4,886,625 of net income for the fiscal year ended December 31, 2021. The company…

A: Earnings per share is a metric used to measure the return earned by the shareholders for each share…

Q: Knapp Industries began business on January 1, 2018 by issuing all of its 1,000,000 authorized shares…

A: The purchase of own shares is known as treasury stock.

Q: Cool Company has decided to take their company public on January 1, 2014. Cool company had 1,000…

A: A company may reacquired its own shares through buy back. After reacquisition these shares are known…

Q: d 25,000 shares at P22 per share. d 1,000 shares for legal service when the d 5,000 shares for a…

A: Share premium refers to the sum value of money received by a company over and above the actual par…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.