Malit Corporation has a total shareholders' equity of P1,000,000, including retained earnings of P190,000. The cash balance is P350,000. The maximum cash dividend the corporation can declare and pay is A P 1,000,000 P 650,000 C) P 350,000 D) P 190,000
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- TINT Corporation presents the following condensed statement of financial position as of the close of the year: Cash ₱ 520,000 Accounts Payable ₱ 550,000Other Assets 1,333,000 Ordinary Share Capital 550,0005% Preference Share Capital 330,0007% Preference Share Capital 220,000Accumulated Profits 203,000Total Assets ₱ 1,853,000 Total Equities ₱ 1,853,000 The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both arefully participating. The par value of all shares is ₱100.Requirements:C. Compute for the book value per share for:5. Ordinary shares6. 5% Preference shares7. 7% Preference sharesJohnson Ltd's Statement of Financial Position contained the following information: Share capital Share premium account Retained earnings Revaluation reserve Current assets Non-current assets £830,000 What must the company's total liabilities be? A) £1,810,000 B) £720,000 с C) £870,000 D £370,000 £220,000 £100,000 £280,000 £120,000 £260,000Naruto 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
- The company issued 2,500, P125 par ordinary shares for an outstanding bank loan ofP350,000. On this date, shares are quoted at P150 per share. Compute for the increase in share premium* a. ₱0 b. ₱25,000 c. ₱37,500 d. ₱62,500a company has the following items: share capital-ordinaty: $920,000 treasury shares : $85,000 deferred taxes $100,000 retained earning : $ 363,000 which ammount should be report as total equity ? A- 1098000 B- 1198000 C- 1298000 D- 1398000AB Corp had a net profit of CU400,000,000 and paid a dividend of CU200,000,000 during 19X7. AB Corp's shareholder equity as of December 31, 19X6 and December 31, 19X7 is as follows: 31 Desember 19x6 31 Desember 19x7 10% cumulative preference shares nominal Rp100,000 Rp300.000.000 300.000.000 Ordinary shares nominal Rp1,000 1.000.000.000 1.000.000.000 Additional paid-in capital 2.200.000.000 2.200.000.000 Retained earning 500.000.000 700.000.000 Shareholders' Equity 4.000.000.000 4.200.000.000 On January 2, 19X7, XY Corp purchases 400,000 shares of AB Corp common stock for CU4,000 per share and also pays CU50,000 in direct costs to acquire the investment. Required to determine (1) XY Corp's income from AB Corp in 19X7 and (2) the balance in the investment account with PT Somar as of December 31, 19X7.
- ULTRON Corporation has the following balances: Ordinary share capital, ₱10 par value, ₱100,000; Paid-in capital in excess of par value, ₱2,850,000. Based on this information: * a. Number of shares issued is 100,000 b. Legal capital is ₱ 2,950,000 c. Issued share capital is ₱100,000 d. Contributed capital is ₱ 100,000The following information has been extracted from the published accounts of Pesa Corporation Limited, a company quoted on the Nairobi Stock Exchange. Shs. Net profit after tax and interest 990,000 Less: dividends for the period 740,000 Transfer to reserves 250,000 Accumulated reserves brought forward 810,000 Reserves carried forward 1,060,000 Share capital (Sh.10 par valu Sh.8,000,000 Market price per share now 12% RequiredCalculate…Sandy Corporation’s balance sheet at January 2, 20x5 is as follows:Sandy-Dr(Cr)Cash and receivables P200,000,000Inventories 600,000,000.00Property, plant and equipment, net 7,500,000,000.00 Current liabilities (400,000,000.00)Long-term debt (7,200,000,000.00)Capital stock (7,200,000.00)Retained earnings (25,000,000.00)Accumulated othercomprehensive income (5,000,000.00) An analysis of Sandy’s assets and liabilities reveals that book values of some reported itemsdo not reflect their market values at the date of acquisition:● Inventories are overvalued by P200,000,000● Property, plant and equipment is overvalued by P2,000,000,000● Long-term debt is undervalued by P100,000,000 On January 2, 20x5, Velasco issues new stock with a market value of P700,000,000 toacquire the assets and liabilities of Sandy. Stock registration fees are P100,000,000, paid incash. Consulting, accounting, and legal fees connected with the merger are P150,000,000,paid in cash. In addition, Velasco enters into an…
- BFAR Corp. has the following information in its shareholders' equity: Ordinary Share Capital, P100 par value: P1,000,000 . Subscribed Share Capital - Ordinary: P200,000 . Subscriptions Receivable - Ordinary: $67,000 • Share Premium - Ordinary: $37,000 Treasury Shares - Ordinary: P10,000 . Accumulated Profits: P150,000 How much is the contributed capital? ● ●The total assets value of Boafo Plc is GHC600,000 and the shareholders’ fund is GHC360,000. The shareholders’ fund consists of :100,000 ordinary shares issued at GHC2 per share 200,000Retained earnings 160,000Calculate the book valuation of a share of QRS PlcBalance Sheet for Dex Company and Ed Company on December 31, 2023 are as follows: Dex Company Ed Company Cash P850,000 P75,000 Other Assets 2,200,000 425,000 Total Assets P3,050,000 P500,000 Liabilities P1,200,000 P100,000 Common Stock, P50 par 2,000,000 - Common Stock, P10 par - 250,000 Additional Paid-in Capital 500,000 - Retained Earnings (600,000) 150,000 Total Liabilities and Equity P3,050,000 P500,000 On this date, Dex Company acquired 80% of the stock of Ed Company. Instructions: Prepare a consolidated balance sheet and the eliminating entries as of December 31, 2023, under each set of conditions listed below. Subsidiary stock is acquired in exchange for cash of P200,000 and issuance of a note payable amounting to P250,000 payable by Dex Company. Inventories of Ed Company are to be increased by P75,000. The difference between the investment balance and the book value of the interest acquired…