Current Attempt in ProgressThe equity section of Crane SA appears below as of December 31, 2022Share capital-preference (6%preference shares, R$50 parvalue, authorized 82,000 shares, outstanding 72,000 shares)Share capital-ordinary (R$1 par, authorized and issued 10,000,000 shares)Share premium-ordinaryRetained earningsNet incomeR$:07,200,00026,400,000R$3,600,00010,000,00016,400,000133,600,000R$163,600,000Net income for 2022 reflects a total effective tax rate of 20%. Included in the ret income figure is a loss of R$9,600,000 (before tax) asa result of ciscontinued operations. Preference divicends of R$216,000were declared and paid in 2022 Dividends ofR$800,000were ceclared and paid to ordinary shareholders in 2022Compute earnings per share data as it should appear on the income statement of Crane SA. (Round answers to 2 decimal places, eg148) Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$9,600,000 (before tax) asa result of discontinued operations. Preference dividends of R$216,000 were declared and paid in 2022. Dividends ofR$800,000 were declared and paid to ordinary shareholders in 2022.Compute earnings per share data as it should appear on the income statement of Crane SA. (Round answers to 2 decimal places, e.g.1.48)Earnings Per Share:Ordirury sharesDiscontinued operations, net of tax VNet incomeR$

Earnings per share (EPS) is a financial metric that measures the profitability of a company and…

Answered: The equity section of Crane SA appears…

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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The shareholder' equity of L Corp on Dec 31, 2021 follows: 10% Preference share capital P100 par, 45,000 shares P4,500,000 Ordinary share capital, P20 par, 180,000 shares P3,600,000 Preference share premium P1,000,000 Ordinary share premium P900,000 Retained Earnings P5,390,000 Total shareholder's equity P15,390,000 Preference share are cumulative with dividends in arrears for 2 years with a liquidation value of P110. What is the book value per share of preference share capital?
Jason’s Corp balance sheet as of December 31, 2021, reveals the following information. Preferred stock, $100 par $ 600,000 Paid-in capital in excess of par—preferred 50,000 Common stock, $1 par 300,000 Paid-in capital in excess of par—common 520,000 Retained earnings 320,000 What was the total paid-in capital as of December 31, 2021? Question 6Answer a. $320,000 b. $1,470,000 c. $900,000 d. $1,790,000
Micellar Company had the following available information as of December 31, 2021: Preferred Share Capital, 3% Php150 par value, cumulative, 80,000 shares authorized, 10,000 shares outstanding Php 1,500,000 Ordinary Share Capital, Php 100 par value, 100,000 shares authorized, 35,000 shares issued, 34,000 shares outstanding 3,500,000 Share Premium 2,500,000 Retained earnings (unadjusted balance) 3,100,000 Treasury Shares, 1,000 shares at cost (80,000) Additional Information: 1. On December 29, 2021, the BOD determined that the company has ample cash and decided to declare dividends amounting to Php120,000. 2. The company did not pay any dividends in 2020. 3. Net income for the year was Php2,700 000. The amount of net incomp and dividends declared are yet to be closed to the Retained Earrings account. Requirements: a) Determine the amount paid to the preference shareholders in 2021 b) Determine the amount paid to the ordinary shareholders in 2021 c) Determine the amount paid to the…
BFAR Corporation has the following information in its shareholders' equity: Ordinary Share Capital of P1,600,000 - P200 par value Share Premium, P400,000 Accumulated 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 after dividend declaration.
Thunder Yard's total stockholders' Equity is P5,600.000, comprised of the following: • P1,000,000 in 8% cumulative preferred stock consisting of shares of P100 par value • P1,800,000 in Ordinary Shares of P5 par value per share issued at P8 • P1,600,000 in additional Paid in capital P1,200,000 in retained earnings There is a Dividend in Arrears for 2 years 1. Compute for Number of shares of Preferred Stock 2. Compute for Additional Paid In Capital: Preferred Stock 3. Book Value Per Share Ordinary Shares (Round-off Answer to two decimal places)
ABC Corporation provided you the following information on January 01, 2021: Share capital, P10 par P4,000,000 Share premium 800,000 Retained earnings 3,500,000 Share transactions for the year 2021: Feb 10 – Declared 10% share dividend. Market value of each share – P20 March 10 – Issued and distributed share dividends declared on February 10 June 15 - Declared 20% share dividend. Market value of each share – P25 July 01 - Issued and distributed share dividends declared on June 15 December 03 – Declared cash dividend of P2 per share Retained earnings for the year 2021 would decrease by: a.3,616,000 b.2,336,000 c.3,616,000 d.1,056,000
How much will be the total shareholders' equity from the following: 6% Preference shares, P50 par, 10,000 shares authorized, 6,000 shares issued. Ordinary shares, P10 par, 80,000 shares authorized, 50,000 shares issued. Ordinary Share Premium - P120,000 Paid-in capital in excess of par, preference shares - P90,000 Retained earnings, Beg. Balance - P86,000 Net income for the year - P145,000 Cash dividend declared and paid -P70,000 Treasury Stock, 350 Ordinary shares, at Cost - P8,400
The J3 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary share capital, P20 par value, 20,000 shares outstanding Preference share capital, 5% P100 par value, non-cumulative and fully participating, 2,000 shares outstanding No dividends were paid on Preference shares for two years. On Dec 31, 2021 a total Cash dividend of P210,000 was declared. How much dividends will be received by the preference shares holders?
At Dec.31,2020 X company has following Balances #of Shares Share Capital of OS $500,000 at par value of $10per share 50,000 Share Capital of PS $100,000 at par value $100 per share 1000 Retained Earning$200,000 PS has a right in 5% interest not cumulative and not participating compute Book Value (BV) per share
The J3 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary share capital, P20 par value, 20,000 shares outstanding Preference share capital, 5% P100 par value, non-cumulative and fully participating, 2,000 shares outstanding No dividends were paid on Preference shares for two years. On Dec 31, 2021 a total Cash dividend of P210,000 was declared. How much dividends will be received by the preference shares holders? *
Naruto Bakery has a capital structure consisting of:42,000 issued and paid-up ordinary shares RM105,0005,000 issued and paid-up 10% Preference shares RM15,0008% Bonds (10-year maturity) RM30,000The balance of retained earning as at 1 January 2021 was RM75,000. The market priceper unit of the company’s financial instruments are as follows:Ordinary shares : RM2.50 (last dividend paid was RM0.50; growth rate is 5%Preference shares : RM3.008% Bonds : RM890.00 (par value RM1,000)The company is considering to invest in new project worth RM80,000. The floatationcost to sell more shares and bonds are 5%. The corporate tax rate 25%.You are required to calculate (show all workings):a. The number of shares and bonds to be issued
What are the adjusting entry in this problem?

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