27. An entity provided the following equity balances at year-end:10% preference share capital, 30,000 shares, par P100Ordinary share capital, 50,000 shares, par 100Share premiumRetained earnings3,000,0005,000,0001,000,0002,000,000The preference shares have a call price of120, a liquidation price of 115 and dividends have not been paid for 3 years.What is the book value per preference share?a. 125b. 130с. 145d. 110

Book value per preference = Call price or Par preference value + Arrears of preference dividend /…

Answered: entity provided ing equity balance 10%…

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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Similar questions

It is now 30 June and our business is preparing adjustments via a worksheet. Complete the following adjustments in the worksheet (if no adjustment is necessary enter "0" in the relevant box). Then answer the 3 questions at the bottom of the table. 1 Prepaid 12000 rent on 1 April for three months. Adjustments have been done for April and May. 2 30 June is a Sunday. Wages are paid fortnightly (8000) with the last payment made on Friday 21 June. As the busienss operates from Monday to Firday we need to accrue one week. 3 Earned 2500 of Subscriptions Revenue which had already being paid for by the client. 4 Work in Progress (for Services) is calculated to be 2800. (Use accrued revenue). 5 Office Supplies were counted on 30 June. They totalled 4550. 6 Depreciation for June is 1350. 7 Interest on Note Payable is 600. This is payable in July. Worksheet for the month ended 30 June Unadjusted TB Adjustments Adjusted TB Account Dr Cr Ref Dr Cr…
4. An entity showed the following data:Share capital, par value P50 5,000,000Share premium 200,000Retained Earnings 2,000,000Market value of share on declaration date 75Market value of share on distribution date 85Treat each item independently: e. If the entity would declare a 2 for 1 share split, How much would be the new par value?
Assume the capital structure of XYZ Company: Bonds payable, 10% . . . . . . . 500,000 Preferred stock, 8%, P100 par . . . . . . . . 100,000 Common stock, 100,000 shares. . . . . . . 400,000 Other data shows as follows: Sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . 800,000 Variable costs. . . . . . . . . . . . . . . . . . . . . . 362,500 Fixed Operating costs. . . . .. . . . . . . . . . . 187,500 Income tax rate . . . . . . . . . . . . . . . 30% Dividend growth rate . . . . . . . . . . . . . . . . 2% Current market price: Common stock. . . . . . . . . . . . . P5/share Preferred stock. . . . . . . . . . . . . P160/share Transaction costs: Common stock. . . . . . . . . . . . . . P1/share Preferred stock. . . . . . . . . . . . . . P 10/share What is the cost of issuing preferred securities?
a. P125 b. P133 c. P141 d. P191 e. answer not given
Ordinary share, P1 par P4,800,000 Share premium in Excess of Par— Ordinary share 550,000 Preferred 8 1/2% share, P50 par 2,000,000 Share premium in Excess of Par—Preferred share 400,000 Retained Earnings 1,500,000 Treasury ordinary share (at cost) 150,000 The total shareholders' equity of Uub Corporation is a. P9,100,000 b. P9,250,000 c. P7,750,000 d. P7,600,000
Compute the book value per 8% preference share
A company declared and distributed an 8% dividend on 800,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $25. What is the debit to Retained Earnings for the value of the stock dividend? O $64,000 O $320,000 O $1,600,000 O $40,000,000 79°F Rair
Journalize and prepare a new stockholder's equity section dated 12/31/22.
What are the adjusting entry in this problem?

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