BFAR Corporation has the following information in its shareholders' equity:Ordinary Share Capital of P1,600,000 - P200 par valueShare Premium, P400,000Accumulated Profits of P900,000.●A share dividend of 6% was declared when the share is selling at P500 per share. Compute the balance of Accumulated Profits afterdividend declaration.

The Accumulated profit is the remaining profit corporations own after deducting dividend expenses.…

Answered: BFAR Corporation has the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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lyah Company provided the following data at year-end: Authorized share capital 5,000,000 Unissued share capital 2,000,000 Subscribed share capital 1,000,000 Subscription receivable 400,000 Share premium 500,000 Retained earnings unappropriated 600,000 Retained earnings appropriated 300,000 Treasury shares 200,000 What total amount should be reported as shareholders' equity? Select the correct response O 5,100,000 O4,400,000 4,500,000 4,800,000 < Previous
Brenda Limited has an enterprise value of $10 million, total debt of $4 million and 2 million shares outstanding. The latest balance sheet of the firm reports assets worth $8 million. The per-share market value of the equity is: Select one: a. $2.00 b. $3.00 c. $4.00 d. $5.00
Consider firm X and Y.The firm had total earrings of $400,000 and shares outstanding of $95,000. Firm X per share market value is 4.5, Firm X per share book value is$4.5. Firm Y per share had total earnings of $300,000 and shares outstanding of $192,500. FirmY per share market value is $24.5 Firm Y per share book value is $312.875. a. Assume that firm X acquires FirmY by issuing long term debt to purchase all the shares outstanding at a merger premium of$6.875. Assuming that neither firms has any debt before merger, what would be the total assets for the new company XY? b.Assume that Firm Y acquires Firm X by issuing long term debt to purchase all the shares outstanding at a merger premium of $2.375. Assuming that neither firm has any debt before the merger, what would be the total assets for the new company YX round your answer to four decimal places after the point
Sanders plc issued 50, 000 equity shares of 25p each at a premium of 50p per share. The cash received was correctly recorded but the full amount was also recorded in the equity share capital account. Which of the followings corrects this error? O A. Decrease share capital £25, 000, Increase share premium £25,000 O B. Increase share premium £25,000, Increase cash £25,000 O C. Increase share capital £25,000, Increase cash £25,000 O D. Decrease share premium £25, 000, Increase share capital £25,000 O E. Decrease share capital £37, 500, Increase share premium £37,500 OF. Decrease share capital E25, 000, Increase cash £25,000
State the stockholder’s equity of the Alphabet Corporation if it has a current net profit of $1,500,000, beginning-of-the-period retained earnings of $3,675,000, 1 million shares of common stock issued at a par value of $1 per share, and paid-in capital in excess of par of $12.50 per share?
Compute the gains or loss of the investment of C for 100 shares with par value of P5 at the beginning of the year which was sold at P10 per share the end of the year and D for 100 shares also with par value of P5 and was sold at P3 at the end of the year.
The total dividends to be given to common stock, if preferred stock is cumulative and fully participating, would be? The total dividends to be given to preferred stock, if preferred stock is cumulative and fully participating, would be?
XYZ Corporation had the following balance sheet information: Total assets: $500,000Total liabilities: $200,000Shareholders' equity: $300,000If XYZ Corporation has 50,000 shares outstanding, what is the book value per share?
The equity section of Windsor SA appears below as of December 31, 2022. Share capital-preference (6% preference shares, R$50 par value, authorized 94,600 shares, outstanding 84,600 shares) Share capital-ordinary (R$1 par, authorized and issued 10,000,000 shares) Share premium-ordinary Retained earnings Net income Earnings Per Share: Income from continuing operations Discontinued operations, net of tax R$125,960,000 Net income 31,020,000 R$ R$4,230,000 Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$11,280,000 (before tax) as a result of discontinued operations. Preference dividends of R$253,800 were declared and paid in 2022. Dividends of R$ 940,000 were declared and paid to ordinary shareholders in 2022. 10,000,000 Compute earnings per share data as it should appear on the income statement of Windsor SA. (Round answers to 2 decimal places, e.g. 1.48.) 19,270,000 156,980,000 R$190,480,000
The following share dividends were declared and distributed by Ivy Company: % of Ordinary Share Outstanding Market Value Par Value 10 315,000 210,000 25 840,000 630,000 How much should be debited to Retained Earnings at the time of declaration?
Calculate basic and diluted EPS for the shareholders of company X. Company X reported earnings were 55.000.000 EUR of which 5.000.000 was attributable to minority shareholders. At the beginning of the period the company had 20.000.000 common shares outstanding. At the beginning of the fourth quarter the company issued new shares and the number of common shares outstanding increased to 24.000.000 Total amount for preferred dividends accounted for 8.000.000 EUR. Preferred shares are convertible to 5.000.000 common shares.
Before Riverbed Ltd. engages in the treasury share transactions listed below, its general ledger reflects, among others, the following account balances (par value is £30 per share). Share Premium-Ordinary Share Capital-Ordinary £91,700 £269,400 Retained Earnings (a) Bought 390 treasury shares at £39 per share. (b) Bought 300 treasury shares at £45 per share. (c) Sold 350 treasury shares at £41 per share. (d) Sold 100 treasury shares at £37 per share. £81,900 Record the treasury share transactions (given below) under the cost method of handling treasury shares; use the FIFO method for purchase-sale purposes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)

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