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- Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the numerator of the EPS calculation for Errol?The Statement of Financial Position of Cardo Inc. shows P30 par value Ordinary Share Capital, authorized shares of 15,000 with 1,200 shares issued at P 33/share and 3,000 shares subscribed at P40/share at the beginning of the year. At the end of the year, the issued shares totaled 6,400 and subscribed shares are now 1,300 shares (collectible immediately). If no other subscriptions were made during the year, the shares issued for cash the year would be _____shares.
- At the beginning of current year, CFAS Company issued 50,000 shares of P10 par value for P113 per share. During the year, the entity reacquired 2,000 shares at P150 per share and immediately canceled these 2,000 shares. In connection with the retirement of shares, what amount should be debited to retained earnings?vTrans Union Corporation issued 5,000 shares for $50 per share in the current year, and it issued10,000 shares for $37 per share in the following year. The year after that, the company reacquired20,000 shares of its own stock for $45 per share. Determine the impact (increase, decrease, or nochange) of each of these transactions on the following classifications:1. Total assets.2. Total liabilities.3. Total stockholders’ equity.4. Net income.At the beginning of current year, CFAS Company was organized and authorized to issue 100,000 shares with P50 par value. During the current year, the entity 1 had the following: transactions relating to shareholders equity: Issued 10,000 http://shares.at P70 per share.Issued 20,000 shares at P80 per share.Reported net income of P 1,000,000.Paid dividends of P200,000.Purchased 3,000 treasury shares at P100 per share. 1.What amount should be reported as share capital at year – end?A. 1,200,000B. 3,300,000C. 1,500,000D. 1,800,000 2.What amount should be reported as share premium at year – end?A. 800,000B. 200,000C. 0D. 600,000 3. What is the total shareholders’ equity at year-end?A.2,800,000B.3,300,000C.3,000,000D. 2,000,000 4. What is the contributed capital at year – end?A. 2,000,000B. 2,300,000C. 3,000,000 D.1,500,000 I NEED ANSWER ASAP. THANK YOUUU!
- At the beginning ofcurrent year, Juan Company was organized with 100,000 authorized shares of P100 par value. The following transactions occurred during the year: January 15 Sold 30,000 shares at PI50 per share February 14 Issued 2,000 shares for legal services with a fair value of P250,000. The shares on this date are quoted at P140 per share 27 Purchased 5,000 treasury shares at a cost of P120 per March share October 31 Issued P5,000,000 convertible bonds at 120. The bonds are quoted at 98 without the conversion feature. November 5 Declared a 2-for-1 share split when the market value of the share was Pl160. December 15 Sold 20,000 shares at P75 per share. December 31 Net income for the year was P2,000,000. What is the total shareholders' equity at year-end?On January 1, 2020, Volume Company had the following account balance carried over from the previous year [Refer to the figure]. It had 42,000 outstanding shares with a par value of P10. During the year, it repurchased 2,000 shares as treasury for P20 each. The beginning balance of treasury shares were reissued at P16 each. Half of the newly purchased treasury shares were retired. 1. What is the ending balance of the Share Capital? 2. What is the ending balance of the Share Premium - Ordinary? 3. What is the ending balance of the Share Premium - Treasury?ABC Company issued 50,000 shares for P100 per share. Par value of the shares is P10. During the year, the entity reacquired 2,000 shares at P150 per share. The said shares were immediately retired. What amount would be charged to retained earnings?
- Selected transactions completed by Equinox Products Inc. during thefiscal year ended December 31, 20Y8, were as follows:a. Issued 15,000 shares of $20 par common stock at $30, receivingcash.b. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash.c. Issued $500,000 of 10-year, 5% bonds at 104, with interestpayable semiannually.d. Declared a quarterly dividend of $0.50 per share on commonstock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasuryshares were held, and 20,000 shares of preferred stock wereoutstanding.e. Paid the cash dividends declared in (d).f. Purchased 8,000 shares of treasury common stock at $33 per shareg. Declared a $1.00 quarterly cash dividend per share on preferredstock. On the date of record, 20,000 shares of preferred stock hadbeen issued.h. Paid the cash dividends to the preferred stockholders. i. Sold, at $38 per share, 2,600 shares of treasury common stockpurchased in…BFAR Corp. was authorized to issue 200,000 ordinary shares with P50 par value. The company had the following chronological transactions during the year: Issued 80,000 shares at P60 per share Received subscription for 37,000 shares at par Re-acquired 9,000 treasury shares at P65 per share . Re-issued 2,400 treasury shares at P30 per share How many shares are outstanding at year-end? ●Alpha company reported the following equity accounts on January 1, 2020. Share capital, P20 par, P8,000,000; Share premium, P2,750,000; Retained earnings, P1,275,000. All shares outstanding on January 1 were issued for P26 a share. On December 31, the entity reacquired 20,000 shares at P24 a share and retired them. What is the balance of the share premium?