The shareholders’ equity of Ceda Corporation is presented below: 10% Preference Share, 2,000 shares outstanding P200,000 Ordinary Shares, 5,000 shares outstanding 100,000 Preference share premium 20,000 Ordinary share premium 25,000 Retained Earnings 45,000 Compute the amount of issuance price for Preference Share?

The shareholders’ equity of Ceda Corporation is presented below: 10% Preference Share, 2,000 shares outstanding P200,000 Ordinary Shares, 5,000 shares outstanding 100,000 Preference share premium 20,000 Ordinary share premium 25,000 Retained Earnings 45,000 Compute the amount of issuance price for Preference Share?

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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Prepare the shar (b) financial position at Decen to shareholders' equity 1. The following information relates Preference Share Capital, 12%, P50 par cumulative, 10,000 shares authorized Ordinary Share Capital, P1 stated value, 2,000,000 shares authorized Share Premium - Preference Paid in Capital in Excess of Stated Value Retained Earnings P 400,000 1,000,000 80,000 1,400,000 1,816,000 40,000 Treasury Shares - Ordinary (10,000 shares) During 2018, the corporation had the following transactions and events pertaining to its shareholders' equity: Issued 20,000 ordinary shares for P100,000 Sold 6,000 treasury shares for P28,000. Issued 5,000 shares of ordinary share capital for a piece of equipment with cash price of P25,000. Purchased 1,000 shares of ordinary for the treasury at a cost of P6,000. Declared the annual dividend on preference share and PO.20 cash dividend on ordinary share. Determined that profit for the year was P377,000 Feb. 1 Apr. 30 Sept. 1 Nov. 2 Dec. 31 31 31 The fair…
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: c. How much would be the total shareholders’ equity after a 10% share dividend declaration? d. If the entity would declare a 1 for 5 share split, What would be the balance of retained earnings?
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?
5A. What is the number of ORDINARY shares outstanding? 5B. What is the number of PREFERENCE shares outstanding?
29. The shareholders’ equity of Seven Corporation is presented below: 10% Preference Share, 2,000 shares outstanding P800,000 Ordinary Shares, 5,000 shares outstanding 700,000 Preference share premium 200,000 Ordinary share premium 50,000 Retained Earnings 250,000 What is the amount of Contributed Capital?
How much is credited to Share Premium when some of the fractional share warrants outstanding lapsed?
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 shareholders' equity of XYZ Corporation is presented as follows: 10% Preference Share, 2,000 shares outstanding P200,000; Ordinary Shares, 5,000 shares outstanding P100,000, Preference share premium P20,000; Ordinary share premium P25,000; Retained Earnings P450,000. If 350 shares of Preference Shares were retired at P125/share, how much will be credited to Cash?
11. Use the following information for the next two (2) questions: Over Company showed the following balances: Share capital authorized P100 par, 50,000 shares 5,000,000 Share capital unissued, 20,000 shares 2,000,000 Subscribed share capital, 10,000 shares 1,000,000 Treasury shares (5,000 at cost) 600,000 Share premium 500,000 Retained earnings 1,500,000 Market value of shares: On declaration 140 On issuance date 150 What amount is deducted/debited to retained earnings account assuming the Board of Directors declared a share dividend from unissued share capital of one share for each ten shares outstanding? Group of answer choices 350,000 525,000 560,000 490,000