ARIES Inc. had the following transactions in the ordinary shares of May Corporation: anuary 5 Bought 4,000 ordinary shares, P100 par, at P88. une 15 Received 10% bonus issue. August 31 Received P4 cash dividend for each ordianry shares. October 10 Received stock rights to buy one new share at P100 for every 5 shares held. Market value of stock ex-right, P156. November 15 Sold all stock rights at P4 per right. What is the revised cost per share after reciept of the bonus issue? A) Р85 в) Р80 P75 D) P90

Use the following information to answer the question below. 33 The following transactions involving Lupine Corporation occurred during the year: lot et cell Apr. 1 Purchased 2,000 shares of its own preferred stock for $20, the current market price. This is the first transaction involving its own stock engaged in by the company. May 3 Sold 400 of the shares purchased on April 1 for $25 per share. June 5 Retired 600 of the shares purchased on April 1. The original issue price was $10. The par value of the stock is $5. The entry to record the May 3 transaction is A) Preferred Stock $ 3,000 Additional Paid in Capital, Preferred $ 3,000 Treasury Stock, Preferred vode $ to a 6,000 $ to als 6,0000 yns srl 25 B) Treasury Stock, Preferred Cash $50 6,000 C) Cash 10,000 $ obo12 nomme Treasury Stock $ 8,000 Additional Paid in Capital, Treasury Stocks $ 2,000 D) Preferred Stock $ Treasury Stock, Preferred 12,000 2012 Additional Paid in Capital, Preferred Retained Earnings E) none of the above 3,000…

When March Green Products Ltd. started their business they issued 150,000 common shares and 10,000 noncumulative preferred shares. Their first declaration of dividends happened in Year 4 of operations, and was for $270,000. What was the per share dividend received by the common shareholders? O $142 O $1.6875 O $1.80 O cannot be determined with the information provided

On January 1, 20x1, Raven Ltd. had 40,000 shares of common shares issued and outstanding. The book value of those shares was $600,000. Furthermore, they had 10,000 $3, cumulative, preferred shares issued and outstanding which had a book value of $200,000. Account Debit Credit The following transactions took place in 20xl: Feb 28 - Issued 20,000 common shares for $500,000 Jun 1 - Repurchased and cancelled 20,000 shares at $20.00 each. Jun 30 - A 2:1 stock split was announced Dec 15 - Declared a dividend of $2.00/share to shareholders of record on Dec 31. Required - Prepare all journal entries to record the above transactions. Round to two decimal points on any calculations.