What amount should be reported as shareholders' equity at year end? a. 8,000,000 b. 8,500,000 c. 5,800,000 d. 8,700,000 ENOLA HOLMES Company provided the following information at year end:Share premiumAccounts payablePreference share capital, at parOrdinary share capital, at par1,000,0001,100,0002,000,0003,000,000Sales10,000,0007,800,000Total expensesTreasury shares - ordinary500,000Dividends700,000Retained earnings - beginning1,000,000

Shareholders Equity: It is important to understand that shareholders' equity (also known as…

Answered: ENOLA HOLMES Company provided the…

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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Charice Company revealed the following shareholder’s equity at year end:Preference share capital, P100 par 2,300,000Share premium – PS 805,000Ordinary share capital, P15 par 5,250,000Share premium 2,750,000Subscribed ordinary share capital 500,000Retained earnings 1,900,000Note payable 4,000,000Subscription receivable - ordinary 400,000How much is the legal capital?
Mara Company provided the following data at year-end:Authorized share capital 5,000,000Unissued share capital 2,000,000Subscribed share capital 1,000,000Subscription receivable 400,000Share premium 600,000Retained earnings unappropriated 600,000Retained earnings appropriated 300,000Revaluation surplus 200,000Treasury shares, at cost 150,000What total amount should be reported as shareholders’ equity?
An entity provided the following information at year-end: Preference share capital, at par 2,000,000 Ordinary share capital, at par 3,000,000 Share premium 1,000,000 Sales 10,000,000 Total expenses 7,800,000 Treasury shares at cost – ordinary 500,000 Dividends 700,000 Retained earnings – beginning 1,000,000 What total shareholders’ equity should be reported at year-end?
An entity provided the following shareholders' equity at year-end:Ordinary share capital, P100 par, 72,000 shares 7,200,000Subscribed ordinary share capital, 12,000 shares 1,200,000Subscription receivable 400,000Treasury shares, 4,000 at cost 600,000Retained earnings 2,000,000What is the book value per ordinary share?
Item Nos. 14 and 15 are based on the following information: revealed the following information: Preference Share Capital, par P 100 Preference Share Premium- Ordinary Share Capital- Ordinary Share Premium-- Subscribed Ordinary Shares Retained Earnings Ordinary Subscriptions Receivable 000.00S The shareholders' equity section of Charlie Company's balance sheet P 2,300,000 805,000 5,250,000 2,750,000 50,000 -- 1,900,000 400,000 - _____
The equity section of CFAS Company revealed the following information on December 31, 2022: Preference share capital, P100 par P5,000,000 Share premium-preference shares 2,000,000 Ordinary share capital, P50 3,200,000 Share premium-ordinary shares 421,076 Subscribed ordinary share capital 800,000 Retained earnings-appropriated Subscription receivable-ordinary shares 250,000 400,000 Retained earnings- unappropriated 3,500,000 Treasury shares-ordinary 1,000,000 How much is the contributed capital of CFAS Company as of December 31, 2022?
Kremlin Company reported the following shareholders' equity at year-end: Share capital, P30 par value, P3,000,000; Share premium, P600,000; Retained earnings, P4,200,000. A 20% share dividend was declared and distributed at year-end when entity's share was selling at P65. What amount should be reported as share capital outstanding?
BFAR Company reported the following Shareholders' at year-end: Share Capital, P50 par value Share Premium Accumulated Profits - Free 3,000,000 O 60,000 O 82,800 O 69,000 O 72,000 600,000 4,200,000 A 15% share dividend was declared and distributed at year-end when the entity's share was selling at 65. Compute the total shares outstanding after share dividend distribution.
Roma Company provided the following shareholders’ equity at year-end:Preference share capital, P100 par, 100,000 sharesAuthorized and 80,000 shares issued8,000,000Ordinary share capital, P50 par, 500,000 sharesAuthorized and 200,000 share issued10,000,000Share premium2,000,000Retained earnings5,000,000The preference dividends are in arrears for two years and the preference rate is 12%.The preference share is cumulative and fully participating.The board of directors intended to pay cash dividend of P10 per share to ordinaryshareholders.Required:Compute the maximum amount of dividend to be declared in order to meet the dividendobjective of the board of directors.
The equity section of Whispering Inc. at January 1, 2022, was as follows. Share capital-ordinary $390,000 Accumulated other comprehensive income Unrealized holding gain on equity securities designated at fair value through other comprehensive income 65,000 Retained earnings 26,000 During the year, the company had the following transactions. 1. Issued 13,000 shares at $3 per share. 2. Dividends of $12.200 were declared and paid. 3. Net income for the year was $130,000. Unrealized holding loss of $6,500 occurred on its equity securities designated at fair value through other comprehensive 4. income. Prepare a statement of changes in equity for Whispering Inc. WHISPERING INC.
Silver Company provided the following information at 8-8 gido Problem 5-8 (IAA) year-end: Share premium Accounts payable Preference share capital, at par Ordinary share capital, at par Sales 1,000,000 1,100,000 2,000,000 3,000,000 10,000,000 7,800,000 500,000 700,000 1,000,000 Total expenses Treasury shares – ordinary Dividends Retained earnings - beginning What is the shareholders' equity at year-end? a. 8,000,000 b. 8,500,000 c. 5,800,000 d. 8,700,000 000000
You are given the following information: ordinary shares, P80,000 (P80par); Share Premium-Ordinary, 200,000; and Retained Earnings, P400,000.Assuming only one class of share, the book value per share is? a.P280 b. P680 c. P80 d. P400

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