Sabo Company reported the following shareholders’ equity at year end: 6% noncumulative preference share share capital, P100 par, Liquidation value of P105 per share 1,000,000 Ordinary share capital, P100 par 3,000,000 Retained earnings 950,000 Preference dividends have been paid up to December 31, 2020. What is the book value per ordinary share? a. 131.70 b. 130.00 c. 129.70 d. 128.00
Q: On July 1, 2021, Battery Company’s board of directors declared a 10% share dividend. The market…
A: A stock dividend is a dividend paid to shareholders in the form of additional shares in the company.…
Q: Assume the following information for Jewong Co. at December 31, 2020. 12% Cumulative and…
A: At the time of declaring dividend, the preference shareholders are the one to give preference of…
Q: ABC Co. 's shareholders' equity on December 31,2020 are as follows: 7% preference shares P100 par…
A: Book value per share is determined by dividing the net assets of the entity by total ordinary shares…
Q: JBL Company’s outstanding share capital at December 31, 2020 consisted of · 45,000 shares of…
A: JBL Company's Outstanding share capital on 31.12.2020 consists of 1. 5% cumulative 45000 preference…
Q: The equity section of CFAS Company revealed the following information on December 31, 2022:…
A: Contributed capital is a portion of an organization's total equity. It might be a separate account…
Q: On July 1, 2020, Tomas Company's board of directors declared a 10% share dividend. The market price…
A: No. of shares issued under stock dividend = No. of outstanding ordinary shares x share dividend rate…
Q: Crystal Company provided the following shareholders' equity on December 31, 2019: Ordinary share…
A: Yearly dividend payable to preference shareholders = P100,000,000 × 5% = P5,000,000 Cumulative…
Q: The shareholders' equity section of Hale Co. on December 31, 2018 showed the following: Ordinary…
A: The stock dividend is declared from the retained earnings of the business.
Q: GHI Co. has the following shareholders’ equity accounts: 8% Preference Share, P10 par P200,000…
A: Dividend per share is computed as the total dividend paid divided by the number of shares…
Q: Del Valle Company provided the following shareholders’ equity on December 31, 2021:
A: Answer: Book value per ordinary share= Book value/ No of shares Calculation of No of shares: =…
Q: ABC Co. has authorized share capital of 10,000 8% preference shares with P100 par value and 100,000…
A: Solution: The stockholders' equity section of a balance sheet represents the total contributiion of…
Q: how much is the book value per ordinary share? *
A: Common stockholders are the owners of the company where their share of contribution is presented in…
Q: Below is the Shareholders' equity of Dexter Co. on Dec. 31, 2020: 12% Preference Capital, P100 par…
A: Preference shares are those shares which have the preference in receiving the dividends and…
Q: Below is the Shareholders ' equity of Dexter Co. on Dec. 31, 2020: 12 % Preference Capital , P100…
A: The company can raise its capital by issuing the share, or debts. The shareholders' of the company…
Q: Net unrealized loss on available for sale securities (investment at FVTOCI) 20,000 Retained…
A: Total shareholders' equity A company's shareholders' equity can be calculated by subtracting total…
Q: provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10% P50…
A: For calculating the book value per ordinary share we will add share premium and retained earnings…
Q: GHI Co. has the following shareholders’ equity accounts: 8% Preference Share, P10 par P200,000…
A: Dividend per share is computed as the total dividend paid divided by the number of shares…
Q: Shareholders' equity of Dexter Co. on Dec. 31, 2020 includes the ff: 12% Preference Capital, P100…
A: The question is multiple choice question Required Choose the Correct Option.
Q: The shareholders' equities of Parent and Sub Companies at July 15, 2022 were as follows: Parent…
A: Total Shareholders equity after the combination will be Current Shareholders equity plus Issued…
Q: Murphy Company reported the following shareholders' equity on January 1, 2020: Preference share…
A: Purchase of ordinary shares of treasury = No. of shares purchased x Purchase price per share = 5000…
Q: The shareholders' equity of Orange Company shows the following balances on December 31, 2012:…
A: Ordinary shares are those that are issued and owned by shareholders'/people and provide the right to…
Q: Charice Company revealed the following shareholder’s equity at year end: Preference share capital,…
A: Legal Capital = Preference Share Capital + Ordinary Share Capital + Subscribed Ordinary Share…
Q: Below is the Shareholders' equity of Dexter Co. on Dec. 31, 2020: 12% Preference Capital, P100 par…
A: The book value of a share in the value that a shareholder will receive if the company gets…
Q: Below is the Shareholders' equity of Dexter Co. on Dec. 31, 2020: 12% Preference Capital, P100 par…
A: The book value per ordinary share is calculated by dividing the equity available to shareholders by…
Q: Cy Co. had the following equity balances at the end of its first fiscal year: Preference share…
A:
Q: ABC Co.'s reported this shareholders' equity at December 31, 2020: Preference Share capital, 10%,…
A: The question is multiple choice question. Required Choose the Correct Option.
Q: CACA Co. has the following shareholders’ equity accounts: 8% Preference Share, P10 par P200,000…
A: Dividends: Dividends are given to share holders as a return on their investment in the company.
Q: An entity provided the following shareholders' equity at year-end: 10% cumulative preference share…
A: Book value per share measures the book value of the firm per share and represent the minimum value…
Q: provided the following shareholders’ equity on December 31, 2021: Preference share capital, 10%…
A: Solution Concept Book value of ordinary share =ordinary share capital +share premium +retained…
Q: ABC company has the following data at year end: 10% noncumulative preference shares capital, P1,000…
A: The book value per share for preference dividend is calculated as sum of total par value and…
Q: HZ Company had outstanding 2,000 shares of P100 par value 8% cumulative preference share and 30,000…
A: Dividend is distribution of cash or stock paid out to the shareholders out of stock. The working is…
Q: 1. Loola Company’s outstanding share capital at December 31, 2020 consisted of 45,000 shares of 5%…
A: Hi student Since there are multiple questions, we will answer only first question. If you want…
Q: ABC Co. ‘s shareholders’ equity on December 31,2020 are as follows: 7% preference shares P100 par…
A: Solution: Book value per share refers to the equity available to the common…
Q: The Shareholders’ Equity of Purple Corporation showed the following: Ordinary Share capital, P 10…
A: Company means the form of business where management is separately from the owner and has perpetual…
Q: The shareholders' equity section of H Co. on December 31, 2018 showed the following: Ordinary share…
A: solution number of ordinary share for share dividends =(issued share – treasury share ) =(105000 –…
Q: OQ company has 2,000 stocks of 15%, OMR10 face value, preferred stock outstanding at December 31,…
A: Dividend is tha part or share of profit which is distributed to the shareholders. Cumulative…
Q: Mack Company reported the following outstanding share capital on December 31, 2020: - 30,000…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Willy Company's equity balances on December 31, 2020 are: 10% noncumulative preference share…
A: Total shareholders fund. XXX Less : preference share capital. (XXX) Book value of…
Q: The shareholders' equities of Parent and Sub Companies at July 15, 2022 were as follows: Parent…
A: Here We understand that After Amalgamation all reserve and surplus of Subsidiary merged with Parent…
Q: As of Dec. 31, 2020, DM Corporation has 10% Preference shares (cumulative and participating) with…
A: Fully Participating Prefered Stock : They share dividend declared with common stock on pro rata…
Q: LABAN Company provided the following shareholders’ equity on December 31, 2020: Preference share…
A: Solution Working note Dividend get accumulated = (1000000*12%*2year) = 240000 / 10000 shares = P24…
Q: An entity provided the following equity balances at year-end: 10% preference share capital, 30,000…
A: Book value of per share ( Preferred stock ) = ( Liquidation value of preferred stock + Dividend in…
Q: ABC Co. ‘s shareholders’ equity on December 31,2020 are as follows: 7% preference shares P100 par…
A: Common stock holders are the owners of the company.
Q: Boe Corporation's stockholders' equity at December 31, 2008 was as follows: 6% noncumulative…
A: Book Value per ordinary share = (Ordinary Share Capital + Retained Earnings)/ Number of Ordinary…
Q: Murphy Company reported the following shareholders' equity on January 1, 2020: Preference share…
A: Purchase of ordinary shares of treasury = No. of shares purchased x Purchase price per share = 5000…
Q: preference dividends have been fully paid. If preference shares have total liquidation value of…
A: ABC Co. ‘s shareholders’ equity on December 31,2020 are as follows: 7% preference shares P100 par…
Q: ABC Co. ‘s shareholders’ equity on December 31,2020 are as follows: 7% preference shares P100 par…
A: Book Value Per ordinary share Book value per share is the value of per share available to the…
Q: Assume the following information for Jewong Co. at December 31, 2020. 12% Cumulative and…
A: A dividend seems to be a monetary or non-monetary payment provided by a corporation to its…
Q: 3. Mack Company reported the following outstanding share capital on December 31, 2020: -…
A: The dividend per share is calculated as total dividend divided by number of shares.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Contributed Capital Adams Companys records provide the following information on December 31, 2019: Additional information: 1. Common stock has a 5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding. 2. Preferred stock has a 100 par value, 3,000 shares are authorized, 800 shares have been issued and are outstanding. Two hundred shares have been subscribed at 120 per share. The stock pays an 8% dividend, is cumulative, and is callable at 130 per share. 3. Bonds payable mature on January 1, 2023. They carry a 12% annual interest rate, payable semiannually. Required: Prepare the Contributed Capital section of the December 31, 2019, balance sheet for Adams. Include appropriate parenthetical notes.Cumulative Preferred Dividends Capital stock of Barr Company includes: As of December 31, 2018, 2 years dividends are in arrears on the preferred stock. During 2019, Barr plans to pay dividends that total S360.000. Required: Determine the amount of dividends that will be paid to Barrs common and preferred stockholders in 2019. If Barr paid $280,000 of dividends, determine how much each group of stockholders would receive.Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?
- Hyde Corporations capital structure at December 31, 2018, was as follows: On July 2, 2019, Hyde issued a 10% stock dividend on its common stock and paid a cash dividend of 2.00 per share on its preferred stock. Net income for the year ended December 31, 2019, was 780,000. What should be Hydes 2019 basic earnings per share? a. 7.80 b. 7.09 c. 7.68 d. 6.73Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 2016, were as follows: a. Issued 15,000 shares of 20 par common stock at 30, receiving cash. b. Issued 4, 000 shares of 80 par preferred 5% stock at 100, receiving cash. c. Issued 500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. d. Declared a quarterly dividend of 0.50 per share on common stock and 1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. e. Paid the cash dividends declared in (d). f. Purchased 7,500 shares of Solstice Corp. at 40 per share, plus a 150 brokerage commission. The investment is classified as an available-for-sale investment. g. Purchased 8,000 shares of treasury common stock at 33 per share. h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for 24 per share. Pinkberry has 125,000 shares issued and outstanding. Equinox Products Inc. treated the investment as an equity method investment. i. Declared a 1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. j. Paid the cash dividends to the preferred stockholders. k. Received 27,500 dividend from Pinkberry Co. investment in (h). l. Purchased 90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of 37 5. The bonds are classified as a held-to-maturity long -term investment. m. Sold, at 38 per share, 2,600 shares of treasury common stock purchased in (g). n. Received a dividend of 0 .60 per share from the Solstice Corp. investment in (f). o. Sold 1,000 shares of Solstice Corp. at 45, including commission. p. Recorded the payment of semiannual interest on the bonds issue d in (c) and the amortization of the premium for six months. The amortization is determined using the straight-line method . q. Accrued interest for three months on the Dream Inc. bonds purchased in (I). r. Pinkberry Co. recorded total earnings of 240 ,000. Equinox Products recorded equity earnings for its share of Pinkberry Co. net income. s. The fair value for Solstice Corp. stock was 39. 02 per share on December 31, 2016. The investment is adjusted to fair value , using a valuation allowance account. Assume Valuation Allowance for Available-for-Sale Investments h ad a beginning balance of zero. Instructions 1. Journalize the selected transactions. 2. After all of the transaction s for the year ended December 31, 201 6, had been poste d [including the transactions recorded in part (1) and all adjusting entries), the data that follows were taken from the records of Equinox Products Inc. a. Prepare a multiple-step in come statement for the year ended December 31, 201 6, concluding with earnings per share . In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were 100,000. ( Round earnings per share to the nearest cent.) b. Prepare a retained earnings statement for the year ended December 31, 20 6. c. Prepare a balance sheet in report form as of December 31, 2016.On January 1, 2019, Kittson Company had a retained earnings balance of 218,600. It is subject to a 30% corporate income tax rate. During 2019, Kittson earned net income of 67,000, and the following events occurred: 1. Cash dividends of 3 per share on 4,000 shares of common stock were declared and paid. 2. A small stock dividend was declared and issued. The dividend consisted of 600 shares of 10 par common stock. On the date of declaration, the market price of the companys common stock was 36 per share. 3. The company recalled and retired 500 shares of 100 par preferred stock. The call price was 125 per share; the stock had originally been issued for 110 per share. 4. The company discovered that it had erroneously recorded depreciation expense of 45,000 in 2018 for both financial reporting and income tax reporting. The correct depreciation for 2018 should have been 20,000. This is considered a material error. Required: 1. Prepare journal entries to record Items 1 through 4. 2. Prepare Kittsons statement of retained earnings for the year ended December 31, 2019.
- Raun Company had the following equity items as of December 31, 2019: Preferred stock, 9% cumulative, 100 par, convertible Paid-in capital in excess of par value on preferred stock Common stock, 1 stated value Paid-in capital in excess of stated value on common stock| Retained earnings The following additional information about Raun was available for the year ended December 31, 2019: 1. There were 2 million shares of preferred stock authorized, of which 1 million were outstanding. All 1 million shares outstanding were issued on January 2, 2016, for 120 a share. The preferred stock is convertible into common stock on a 1-for-1 basis until December 31, 2025; thereafter, the preferred stock ceases to be convertible and is callable at par value by the company. No preferred stock has been converted into common stock, and there were no dividends in arrears at December 31, 2019. 2. The common stock has been issued at amounts above stated value per share since incorporation in 2002. Of the 5 million shares authorized, 3,580,000 were outstanding at January 1, 2019. The market price of the outstanding common stock has increased slowly but consistently for the last 5 years. 3. Raun has an employee share option plan where certain key employees and officers may purchase shares of common stock at 100% of the marker price at the date of the option grant. All options are exercisable in installments of one-third each year, commencing 1 year after the date of the grant, and expire if not exercised within 4 years of the grant date. On January 1, 2019, options for 70,000 shares were outstanding at prices ranging from 47 to 83 a share. Options for 20,000 shares were exercised at 47 to 79 a share during 2019. During 2019, no options expired and additional options for 15,000 shares were granted at 86 a share. The 65,000 options outstanding at December 31, 2019, were exercisable at 54 to 86 a share; of these, 30,000 were exercisable at that date at prices ranging from 54 to 79 a share. 4. Raun also has an employee share purchase plan whereby the company pays one-half and the employee pays one-half of the market price of the stock at the date of the subscription. During 2019, employees subscribed to 60,000 shares at an average price of 87 a share. All 60,000 shares were paid for and issued late in September 2019. 5. On December 31, 2019, there was a total of 355,000 shares of common stock set aside for the granting of future share options and for future purchases under the employee share purchase plan. The only changes in the shareholders equity for 2019 were those described previously, the 2019 net income, and the cash dividends paid. Required: Prepare the shareholders equity section of Rauns balance sheet at December 31, 2019. Substitute, where appropriate, Xs for unknown dollar amounts. Use good form and provide full disclosure. Write appropriate notes as they should appear in the publisher financial statements.Common Dividends Thompson Payroll Service began in 2019 with 1,500,000 authorized and 820,000 issued and outstanding S8 par common shares. During 2019, Thompson entered into the following transactions: Declared a S0.20 per-share cash dividend on March 24. Paid the S0.20 per-share dividend on April 6. Repurchased 13,000 common shares for the treasury at a cost of S12 each on May 9. Sold 2,500 unissued common shares for $15 per share on June 19. Declared a $0.40 per-share cash dividend on August 1. Paid the $0.40 per-share dividend on September 14. Declared and paid a 10% stock dividend on October 25 when the market price of the common stock was $15 per share. Declared a 50.45 per-share cash dividend on November 20. Paid the $0.45 per-share dividend on December 20. Required: Prepare journal entries for each of these transactions. (Note: Round to the nearest dollar.) What is the total dollar amount of dividends (cash and stock) for the year? CONCEPTUAL CONNECTION Determine the effect on total assets and total stockholders equity of these dividend transactions.Statement of Stockholders' Equity At the end of 2019, Stanley Utilities Inc. had the following equity accounts and balances: During 2020, Stanley Utilities engaged in the following transactions involving its equity accounts: Sold 3,300 shares of common stock for $15 per share. Sold 1,000 shares of 12%, $100 par preferred stock at $105 per share. Declared and paid cash dividends of $8,000. Repurchased 1,000 shares of treasury stock (common) for $38 per share. Sold 400 of the treasury shares for $42 per share. Required: Prepare the journal entries for Transactions a through e. Assume that 2020 net income was $87,000. Prepare a statement of stockholders equity at December 31, 2020.
- Lyon Company shows the following condensed income statement information for the year ended December 31, 2019: Lyon declared dividends of 6,000 on preferred stock and 17,280 on common stock. At the beginning of 2019, 10,000 shares of common stock were outstanding. On May 1, 2019, the company issued 2,000 additional common shares, and on October 31, 2019, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible. Required: 1. Compute the 2019 basic earnings per share. 2. Show the 2019 income statement disclosure of basic earnings per share. 3. Draft a related note to accompany the 2019 financial statements.Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.Calculating the Number of Shares Issued Castalia Inc. issued shares of its $0.80 par value common stock on September 4, 2019, for $8 per share. The Additional Paid-In Capital-Common Stock account was credited for 5612,000 in the journal entry to record this transaction. Required: How many shares were issued on September 4, 2019?
