Each share of preference is convertible into 1 ordinary share. In June, ABC converted 4,000 of preference shares into ordinary shares.   1.)  The entry to take up the conversion includes a credit to: Group of answer choices Preference share for P80,000 Ordinary share for P80,000 Share premium for P60,000 Accumulated profit for P60,000 2.)  Assuming that each share of preference is convertible into 4 ordinary shares and ABC converted 4,000 preference shares into ordinary, the entry to take up conversion includes a debit to Group of answer choices Preference share for P160,000 Ordinary share for P160,000 Accumulated profit for P60,000 Accumulated profit for P80,000

What is the diluted earnings per share?(Present answer in 2 decimal places, example: x.xx)

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Rendivir Company had the following transactions during the year: January 1 Ordinary shares outstanding 200,000 March 1 Isued a 20% share dividend 30,000 May 1 Issued ordinary shares 40,000 September 1 Treasury shares purchased 10,000 November 1 Issued 3 for 1 share split What is the weighted average number of shares outstanding?

On June 30, 2020, when ABC shares were selling for $ 65 each, the equity accounts had the following balances:               Common shares (par value $ 50: 50,000 issued) $ 2,500,000                Capital contributed in excess of par value 600,000                Retained earnings 4,200,000 A 100% share dividend is declared and distributed, the balance of the Common Shares account after recording the dividend will be: a. $2,500,000 b. $7,300,000 c. $3,100,000 d. $5,000,000

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Seacrest Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $37,500 Year 2 12,000 Year 3 45,000 Determine the dividend per share for preferred and common stock for each year. Round all answers to two decimal places.

Texas Inc. has 8,000 shares of 6%, $125 par value cumulative preferred stock and 97,000 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? Oa. $60.00 per share Ob. $0.01 per share Oc. $5,820 in total Od. $60,000 in total