Victory Company issued 8,000 ordinary shares with P200 par value and 20,000 preference shares with P200 par value for a total consideration of P7,500,000. At the date of issue, the ordinary share was selling for P360 and the preference share was selling for P270. What is the share premium from the issuance of ordinary shares?
Q: How much dividends will be received by the preference shares holders?
A: You have asked two questions kindly resubmit another question as our guideline is to answer one…
Q: NEKO Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock split…
A: New par value per share = Current par value per share x 1/ stock split ratio where, Current par…
Q: Tiktok Company issued 10,000 shares of its P5 Par value common stock having market value of P25 per…
A: Solution:- Calculation of the how much allocated to the common stock as follows under:-
Q: If Swifty Corporation issues 3500 shares of $10 par value common stock for $351000, the account…
A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…
Q: On April 1, 2XX1, Globe Corporation, a newly formed company, had the following share capital issued…
A: A) Ordinary share capital:- The amount of Ordinary share capital for Globe Corporation =…
Q: Avalanche Inc. revealed the following information for the year ended December 31, 2021: Preference…
A: Legal capital is the par value of total outstanding shares . It is that amount of company capital…
Q: BFAR Corp. has 500,000 shares authorized and has the following information at the end of its first…
A: Shares are a type of securities, the holders of which get rights to participate in the profits of…
Q: Point Company issued 25,000 shares of its P50 par ordinary and 40,000 shares of its P25 redeemable…
A: Here in this question, we are required to determine the share premium of equity shares. When equity…
Q: LAVENDER Corporation issued 20,000 shares of its ₱70 par value ordinary share capital and 8,000 of…
A: Total market value of preferrence shares = No. of preferrence shares x market value per share =…
Q: Bulldogs Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock…
A: Legal capital means company's equity portion can not be distribut by dividend or any other means.
Q: The board of directors of Sizzy Company, whose USD50 par value share capital is currently trading at…
A: Calculation of percentage of share dividend are as follows.
Q: Ball Company issued 50,000 shares of its P100 par ordinary and 80,000 shares of its P50 convertible…
A: The share premium is the excess amount received on issuance of shares as compared to par value.
Q: Suppose a company purchases 2,000 shares of its own $1 par value common stock for $16 per share. The…
A: Treasury stock is the stock which is bought back by the issuing company. It is also known as…
Q: Sloan Co. issued 1,000 shares of its P5 par ordinary share to Mercy West as compensation for 1,000…
A: The share premium is the amount received on issuance of share in excess to the face value of shares.
Q: The following capital accounts are shown in the statement of financial position Corporation:…
A: After the dividend is paid, Accumulated Profits and Losses is the total of an enterprise's profits…
Q: Victory Company issued 8,000 ordinary shares with P200 par value and 20,000 preference shares with…
A: Market value of ordinary shares = no. of ordinary shares x Selling value per share = 8000*360 =…
Q: The following capital accounts are shown in the statement of financial position of George…
A: Profit and loss account is an account which records incomes and expenses of the business. It tells…
Q: An entity, Taylor, has issued equity share capital of 250,000 shares with a nominal value of $0.50…
A: We have the following information: Issued capital: 250,000 shares of $0.50 Premium account balance:…
Q: At the time of starting its business, a company has only a cash account of $120,000 and a common…
A: The organization can raise funds for the operation song integrity by issuing common stock, preferred…
Q: Holiday, Inc. had the following transactions in the ordinary shares of May Corporation: January 5…
A: Bonus issue means additional shares are issued by the company to the current shareholders free of…
Q: Coronado Industries has issued 1,500 shares of common stock and 300 shares of preferred stock for a…
A: The issue price of the stock could be issued at par, premium or discount. If the proceed from…
Q: BFAR Corp. has ordinary share capital with par value of $50, and preference share capital with par…
A: BFAR Corp has ordinary share capital at par value of P 50 and preference capital at par value of P…
Q: Casper Energy Exploration reports that the corporation's assets are valued at $120,000,000, its…
A: solution given Total assets 120000000 Total liabilities 76000000 Number of shares…
Q: Please give solutions and explanation to the three questions. The correct answer is already given,…
A: Bonus share are those shares which can be associated as a dividend means instead of paying cash as…
Q: Venus Company issued 20,000 shares of its P70 par value ordinary shares and 8.000 shares of its P80…
A: Solution: Fair value of common stock issued = 20000*80 = P1,600,000 Fair value of preferred stock…
Q: Venus Company issued 20,00O shares of its P70 par value ordinary shares and 8,000 shares of its P80…
A: Market value of Ordinary shares = No. of Ordinary shares x Market value per share = 20000 shares x…
Q: MOL Company has P200,000 available to pay dividends. It has 12,000 10% preference shares (of which,…
A: "Since you have asked multiple sub part question we will solve the first three question for you.…
Q: On October 17, 2021, LILAC Corporation exchanged 20,000 shares of its ₱200 par value stock for land.…
A: Solution: Fair value of shares issued in exchange of land = 20000*P300 = P6,000,000 Par value of…
Q: Fraudi Company issued 50,000 shares of its P100 par ordinary and 80,000 shares of its P50…
A: Solution Given Number of ordinary shares 50000 Number of preference shares 80000…
Q: A corporation has 800,000 ordinary shares outstanding, Recently, the corporation bought 100,000…
A: Treasury stock is nothing but previously outstanding stock which is bought back by the issuing…
Q: The entity received P7,580,000 cash from the issuance of its 9%, 3-year P8,000,000 par value…
A: The shares on which the dividend is paid before equity shares and the ones preferred at the time of…
Q: Please give solutions and explanation to the three questions. The correct answer is already given,…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: How much is the total Share Capital in the following * On January 1, 2011, AM PNGET Co. received…
A: Total share capital is the price of subscribed share capital which has been received.
Q: Michelle Company had the following share capital issued and outstanding for the entire current year:…
A: Basic EPS represents the per share amount earned by the common shareholders of an entity out of its…
Q: R360 000 being the proceeds of issuing 600 000 Ordinary shares of 50 cents each, has been posted…
A: Journal entry is the process of recording the business transactions in the books of accounts for the…
Q: A corporation has 20,000 ordinary shares issued, par value P30, and reacquires 4,000 shares at P40…
A: Issue of common stock is considered as the method of raising finance and reacquisition of the stock…
Q: How much was the increase (decrease) in the total Additional Paid In Capital?
A: Given in the question: Number of shares donated = 5,000 The share price at the time when those…
Q: Bulldogs Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock…
A: New par value per share = Current par value per share x 1/ stock split ratio where, Current par…
Q: Integrity Company, a newly formed company, had the following shares issued and outstanding as of…
A: Ordinary share capital is the par value of ordinary shares. Preference share capital is the amount…
Q: When 10,000 shares of P20 par value ordinary shares are issued in payment for a parcel of land with…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: Ball Company issued 50,000 shares of its P100 par ordinary and 80,000 shares of its P50 convertible…
A: Formula: Preference share capital = PAR value x Number of shares issued
Q: Ball Company issued 50,000 shares of its P100 par ordinary and 80,000 shares of its P50 convertible…
A: Given that, Number of preference shares = 80000 shares Par value of preference shares = P50 total…
Q: the beginning of the current year, Riza Company issued 10,000 ordinary shares of P20. Par value and…
A: there are mainly two type of shared that issued by the company. common equity share and preference…
Q: Please answer in good accounting form. Thankyou During 2021, CAPTAIN AMERICA Company had two…
A: The basic earnings per share is calculated as net income available to common shareholders divided by…
Please answer this problem and provide complete solution in good accounting form. Thank you!
Victory Company issued 8,000 ordinary shares with P200 par value and 20,000 preference shares with P200 par value for a total consideration of P7,500,000. At the date of issue, the ordinary share was selling for P360 and the
Step by step
Solved in 2 steps with 2 images
- ABC Corp has produced its first set of financial results. Ordinary shares in the company were issued at the start of the financial year at a price of $2.00 each. The par value of each ordinary share in was 0.10. 50 million shares were issued by the company and the first year's profit for the year is $15 million. The current market price of the shares is $2.70. What is the price/earnings ratio? a. .11 b . .33 c. 9 d. 6.67Porter Hardware Pty Ltd issues ordinary shares for $6. Which of the following is true? a. $6 per share is presented on the statement of financial position in the ordinary shares account b. Liabilities will increase as a result of this transaction c. $6 per share is the maximum selling price for these shares d. $6 in dividends will be paid to the shareholders as a result of this transactionNEED ASAP. Solve correctly and show your computations. FPJ Inc. received subscription for 5,250 Preference Shares at P 10 above par value of P 200 per share. After a down payment of P 125 per share from all the subscribers, how much is the balance of the Subscription Receivable?
- Item No. 2 is based on the following information: Virma Corporation sold to a subscriber 500 shares of its P 30 par value ordinary shares at P 32 per share receiving a 30% down payment. 2. In recording this transaction: a. Ordinary Share Capital will be credited in the amount of P 15,000. Ordinary Share Capital will be credited in the amount of P 16,000. b. c. Ordinary Share Premium will be credited in the amount of P 4,500. d. Subscribed Ordinary Share Capital will be credited in the amount of P 15,000.The company issued 2,500, P125 par ordinary shares for an outstanding bank loan of P350,000. On this date, shares are quoted at P150 per share. Compute for the increase in share premium*Item No. 4 is based on the following information: nysg bns n Luningning Corporation sold for cash 400 preference shares with a par value of P 50 per share at P56 per share. Also, 600 ordinary shares with no par value but with stated value of P 100 per share were sold for P 102 per share. 4. What would be the effect of the transaction on the total Share Premium account? a. PO. C. P 2,400. b. P 1,200. d. P 3,600.
- Victory Company issued 8,000 ordinary shares with P200 par value and 20,000 preference shares with P200 par value for a total consideration of P7,500,000. At the date of issue, the ordinary share was selling for P360 and the preference share was selling for P270. What is the share premium from the issuance of ordinary shares?b) East Company issued 1,000 shares with P5 par to Howe as compensation for services. By what amount should the share premium accoùnt increase as a result 1. Answer the following questions: a) Ivy Company provided the following accounts at year-end: Preference Share Capital, P100 par P5,000,000 Ordinary Share Capital, P10 par Subscribed Preference Share Capital Subscribed Ordinary Share Capital Subscriptions Receivable - Ordinary Subscriptions Receivable -Preference Share Premium – Preference Share Share Premium – Ordinary Share 2,000,000 1,800,000 1,000,000 180,000 190,000 300,000 220.000 680,000 Treasury Share - Preference (700 shares at cost) Share Premium - Preference Treasury Share 850,000 Retained Earnings 2,000,000 How much is total shareholders' equity at yearend? b) East Company issued 1,000 shares with P5 par to Howe as compensation fo. 1.000 hours of legal services performed. Howe bills P160 per hour for his loet services. By what amount should the share premium accoùnt…Please answer asap! UPVOTE will be given! No long explanation needed. BFAR Corp. was authorized to issue 300,000 ₱7 par value ordinary shares. It received subscriptions for 55,000 ordinary shares at ₱9 per share and collected half of this subscription. How much is the balance of the Subscribed Share Capital account?
- Provide solutions in good accounting form. Thank you! LAVENDER Corporation issued 20,000 shares of its ₱70 par value ordinary share capital and 8,000 of its ₱80 par value preference share capital for a total amount of ₱1,800,000. At this date, the company's ordinary shares are selling at ₱80 per share and the preference shares are at ₱100 per share. What amount of the proceeds should be allocated to the preference shares? a.₱ 800,000 b.₱ 640,000 c. ₱ 600,000 d.₱ 400,000At the start of the year, Brake Company had 300,000 issued P100-par ordinary shares and 120,000 issued P20-par preference shares. The following occurred during the year: How much is the ending balance of the Share Premium - Ordinary? How much is the amount of Legal Capital as of yearend? How much is the total equity-related receivables as of yearendDY Corporation declared the regular quarterly dividend of P2 per share. It had issued12,000 shares and subsequently reacquired 2,000 shares as treasury stock. What would be the amount of the dividend per quarter?Required to answer. Single choice. P4,000 P20,000 P24,000 P80,000