Murphy Company reported the following shareholders' equity on January 1, 2020:     Preference share capital, 100,000shares, P10 par -  P1,000,000     Ordinary share capital, 500,000shares, P10 par - P5,000,000     Share premium - Preference   - P50,000     Share premium - Ordinary  - P 200,000     Retained earnings     - P100,000 During the current year, the following transactions were completed:     Retirement of 5,000 preference shares at P11 per share.     Purchase of 5,000 ordinary shares of treasury at P12 per share.     Share split, ordinary share, 2-for-1.     Reissue of 2,000 shares of treasury at P8 per share.     Net income for the year, P300,000. What is the total shareholders’ equity on December 31, 2020?

Gary Company reported the following amounts in the equity section of its Dec. 31, 2020, statement of financial position. Share capital - Preference. 8%, P100 par (10,000 shares authorized, 2,000 shares issued)     P200,000 Share capital-ordinary, P5 par (100,000 shares authorized, 20,000 shares issued)                   100,000 Share premium                                                                   125,000                 Retained earnings                                                                450,000 Total                                                                                      875,000   During 2021, Gary took part in the following transactions concerning equity. Paid the annual 2020 P8 per share dividend on preference shares and a P2 per share dividend on ordinary shares. These dividends had been declared on Dec. 31, 2020. Purchase 2,700 shares of its own outstanding ordinary shares for P40 per share. Gary uses the cost method. Reissued 700 treasury…

winter provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50 par (noncumulative and nonparticipating) 1,000,000 Preference share capital, 8% P50 par (cumulative and nonparticipating) 1,500,000 Ordinary share capital, P100                                                              2,500,000 Share premium                                                                                     500,000 Retained earnings                                                                                600,000   Dividends have been paid on the preference share up to December 31, 2018.   Book value per 8% preference share

At 31 December 2019, B Plc had post-tax profits was $2,500,000 and had an issued share capital of $2,000,000 comprising 2,000,000 ordinary shares of 50p each and 1,000,000 $1 10% preference shares that are classified as equity. Assume that the post-tax profits for 2018 and 2019 were same at $ 2,500,000. The time-weighted number of shares was as follows: No. of Shares Shares (nominal value 50p) in issue at 01 January 2019 2,000,000 Shares issued for cash at market price on 30 September 2019 1,000,000 On 30 September 2019, B plc made a right issue of one share for every two shares (i.e one new share for every two shares held) at $3.25 per share. The following information is also given for B Plc as at 31 December 2019: Share option in existence 1,000,000 shares issuable in 2020 at $3.25 per share. An average market price per share of $4%; 1. Convertible 8% preference shares of $1 each totaling $2,000,000 convertible at one ordinary share for every five convertible preference shares. 2.…