Preference share capital authorized, P100 par 5,000,000 Ordinary share capital authorized, P10 par 2,000,000 Unissued preference share capital 1,800,000 Unissued ordinary share capital 1,000,000 Subscriptions receivable, ordinary 180,000 Subscriptions receivable, preference 190,000 Preference share capital subscribed 300,000 Ordinary share capital subscribed 220,000 Treasury preference shares (700 shares at cost) 680,000 Share premium 850,000 Retained Earnings 2,000,000 How many ordinary shares were issued?
Q: A B с 1 Marco Company 2 Balance Sheet 3 D E F G H December 31 Current Year 1 Year Ago 2 Years Ago…
A: Detailed Explanations for Each SolutionSolution 1: Largest Asset on the Balance Sheet (Common Sized…
Q: Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber.…
A: Step 1: Calculate Production RequirementsProduction Requirements for Snowboards1. Sales budgeted:…
Q: Element/s of Cost of a product are: A. Material, Labour and expenses B. Expenses only C. Labour only…
A: The objective of the question is to identify the correct elements that constitute the cost of a…
Q: Accounts payable 1200000 790000 Income taxes payable 220000 100000 Bonds payable 1350000 1350000 10%…
A: Absolutely, you've provided the information to calculate the book value per share of common stock at…
Q: Compute MV Corporation's 2022 taxable income given the following information relating to its year 1…
A: MV Corporation's 2022 Taxable IncomeRequired A: Compute MV Corporation's 2022 taxable…
Q: None
A: As a large language model, I cannot directly work for a company. However, I can access information…
Q: a2
A: To compute Sanjay's marginal tax rate, average tax rate, and effective tax rate, we need to use the…
Q: None
A: Step 1:To solve this exercise, we need to calculate the direct labor rate and efficiency variances…
Q: Jackson, Incorporated produces two products (Product 5 and Product Z) using two activities:…
A: Jackson, Incorporated Machining total cost 180,000 multiply: % of Product 5 of total machine…
Q: Vikarmbhai
A: In the financial year 2023, Carl Kay's earnings and transactions encompassed a wide array of income…
Q: 5 Emma has lived with her grandmother, Victoria, since Emma's parents were killed in a car accident.…
A: Step 1:
Q: Han Solo Company makes three products in a single facility. These products have the following unit.…
A: The Challenge:Imagine Han Solo Company is a small manufacturing business with limited resources,…
Q: Please do not give solution in image format thanku
A: Step 1: Computation of AP and SQ. AP = Actual Purchase Cost of Direct Material / Actual Quantity of…
Q: On January 1, 2006, Beulah Grace Benny Co. sold 12% bonds with a face value of $500,000. The bonds…
A: Correct option$53,696 Show formula version of the detailed solution sheet for a better understanding…
Q: During the current fiscal year, Sandhill Corp. signed a long-term non-cancellable purchase…
A: The correct journal entry at the end of the current fiscal year would be : Debit Estimated Liability…
Q: Presented below are two independent situations. Click here to view factor tables. a. George Robinson…
A: Step 1: a.) First we will calculate the issue price - Issue price = $2,030,000 * (105%) =…
Q: At December 31, 2027, Flint Corporation reported the following plant assets. Land $4,068,000…
A: Flint Corporation - Plant Assets Summary (2027 & 2028)Plant Asset AccountsBalance at Dec. 31,…
Q: Please do not give solution in image format thanku
A: We're looking for the point where Ritchie Manufacturing's sales revenue exactly covers all its costs…
Q: i need answer step by step
A: To solve this problem, we need to calculate the reduction in stockholders' equity that Lewis…
Q: 5 pints eBook Print Zuo Software categorizes its accounts receivable into four age groups for…
A: The objective of the question is to estimate the appropriate balance for Zuo's allowance for…
Q: The University of Cincinnati Center for Business Analytics is an outreach center that collaborates…
A: Certainly, let's break down the spreadsheet model in even greater detail:Member Costs (Rows…
Q: Compute the income tax payable, if any. PURELY SELF-EMPLOYED INDIVIDUALS WHO AVAILED 8% Relevant…
A: Income Tax-Tax basis is an asset's cost basis at the time that the asset is sold. Cost basis begins…
Q: Spirits and More operates two departments, Cutting and Fabrication. Two service departments,…
A: Direct Method The direct method of allocating support costs involves assigning overhead costs…
Q: Dineshbhai
A: Approach to solving the question:Thorough reading, comprehension, and analysis Detailed explanation:…
Q: ← Chapter 9 Homework Assignment (Graded) Question 3 of 5 View Policies -/1 E Current Attempt in…
A: The objective of the question is to prepare the journal entries for the sale of equipment under…
Q: g.0
A: Step 1: Introduction The question is based on the concept of Cost Accounting. Quality is defined as…
Q: Question 10 of 15 View Policies Current Attempt in Progress Crane Company reports the following…
A: Step 1:No General JournalDebitCredita.Bad Debit Expense Dr…
Q: Gadubhai
A: Direct materials quantity variance is the difference between the actual materials used and standard…
Q: Hardev
A: Detailed explanation: Let's break down the solution for question 3 based on the details provided in…
Q: None
A: The reduction would be equivalent to the carrying value of the stock, thus: Reduction in…
Q: i need answer step by step
A:
Q: 32 FIFO Average-Cost LIFO 33 31 34 2023 $28,000 $25,100 $21,600 35 36 2024 32,800 27,500 23,900 37…
A: A change to the inventory valuation technique is seen as a modification to an accounting principle,…
Q: Descriptors are provided below for six situations involving notes receivable being discounted at a…
A: Let's start by computing the interest on the notes. That's the principal amount or note face value…
Q: Rahul
A: Williams-Santana Incorporated: Accounting Changes and Error CorrectionAnalysis of Situations:We will…
Q: Campbell, Incorporated sells fireworks. The company's marketing director developed the following…
A: Note: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: How much is the adjusted Home Office Current account as of December 31, 2022 to be presented in the…
A: Balance sheet:The balance sheet is drafted by the company to show the balance of the trial balance…
Q: Vishnu
A: Part 2: Explanation:Step 1: Calculate the payback period for each alternative.To calculate the…
Q: A U.S. company anticipates that it will sell merchandise for €100,000 at the end of August and…
A: "Since you have asked multiple questions we will only answer the first question for you as per our…
Q: Price Li B8% 102 100 $1.4 B AD2 AD1 1.5 1.6 Real GDP (trillions of 2007 dollars) Refer to Figure…
A: Based on the provided information and the AD-AS model in the figure:Point A represents the initial…
Q: On August 1, 2022, a US company signed a noncancelable order to purchase inventory from a company…
A: A journal entry is a formal record that documents the financial effects of a business transaction.…
Q: Statement of Financial Position Data Paid cash dividend Established restricted construction cash…
A: Statement of Cash Flows (Indirect Method) - For the Year Ended 20XXCash Flow from Operating…
Q: PBQ#2 Mac and two of his colleagues (Cheez and Pie) set up a private limited company called Best…
A: Liability refers to the legal responsibility or obligation of an individual or entity to settle…
Q: Vishnu
A: The objective of this question is to determine the y-component of the reaction forces at the…
Q: Please do not give solution in image format thanku
A: Required 4: Absorption Costing with LIFOAbsorption costing allocates all manufacturing costs (fixed…
Q: Current Attempt in Progress Crane Company is evaluating the purchase of a rebuilt spot-welding…
A: The approximate internal rate of return (IRR) of the project is 15%.The IRR is the discount rate…
Q: Grey's Medical operates three support departments and two operating units, Surgery and ER. The…
A: The total cost allocated from the accounting department to the operating units (Surgery and ER) can…
Q: M Question 23- SET - CH 17 HW X QBO Satnav +…
A: Step 1: Calculate the balances for PBO, plan assets, prior service cost-AOCI, and net loss-AOCI at…
Q: Tony's favorite memories of his childhood were the times he spent with his dad at camp. Tony was…
A: Step 1: Recording TransactionsNovember 1, 2025: Great Adventures purchased the land by issuing a…
Q: 5. Determine the indices for the direction shown in the hexagonal unit cell of sketch below. a.…
A: Step 1:The miller indices is represented by [u v t w]. Where,u = intercept on a1 axisv =…
Q: 4- DHC Bank has ROE of 23%, capitalization ratio 21%, net interest margin 13% and tax rate is 40%.…
A: Net Interest Margin:A financial metric which is used to evaluation of the profitability and…
Step by step
Solved in 2 steps
- 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 - _____PROBLEM 1 The following data were compiled prior to preparing statement of financial position of the Conviction Corporation:Authorized share capital, P100 par value P 4,000,000Unissued share capital 800,000Subscribed share capital 480,000Subscriptions receivable `120,000Premium on share capital 320,000Premium on bonds payable 240,000Gain on sale of treasury shares 80,000Donated capital 800,000Share warrants outstanding 200,000Reserve for bond sinking fund 400,000Reserve for depreciation 600,000Treasury shares, at cost 144,000Retained earnings, unappropriated 720,000Cash dividends payable 160,000Revaluation increment on property 800,000Net unrealized loss on financial assetsat fair value through OCI 96,000 1. What is the total share premium? 2. What is the total contributed capital? 3. What is the total appropriated earnings?PROBLEM 1 The following data were compiled prior to preparing statement of financial position of the Conviction Corporation:Authorized share capital, P100 par value P 4,000,000Unissued share capital 800,000Subscribed share capital 480,000Subscriptions receivable `120,000Premium on share capital 320,000Premium on bonds payable 240,000Gain on sale of treasury shares 80,000Donated capital 800,000Share warrants outstanding 200,000Reserve for bond sinking fund 400,000Reserve for depreciation 600,000Treasury shares, at cost 144,000Retained earnings, unappropriated 720,000Cash dividends payable 160,000Revaluation increment on property 800,000Net unrealized loss on financial assetsat fair value through OCI 96,000 1. What is the total legal capital? 2. What is the total shareholders’ equity?
- The Shareholders' Equity section of BFAR Corp. statement of financial position shows the following: Preference Share Capital, P100 par Ordinary Share Capital, P10 par Treasury Shares - ordinary, P12 cost/share Share Premium - Ordinary Share Premium - Preference Subscribed Ordinary Share Capital Subscription Receivable (2 years collectability) Share Premium on Subscribed Ordinary shares Share Premium on Treasury shares Accumulated Profits - Unappropriated (unadjusted) - beg 2,800,000 6,000,000 960,000 1,640,000 1,020,000 750,000 600,000 625,000 610,000 7,040,000 Dividends declared during the year is P500,000. Profit for the year is P800,000. Compute the Total Shareholders' Equity.BFAR Corp. has the following information in its shareholders' equity: . Preference Share Capital, P100 par value: P2,000,000 . Share Premium - Preference: P100,000 • Share Dividend Distributable - Preference: P350,000 Ordinary Share Capital, P10 par: P50,000 Share Premium - Ordinary: P40,000 . Subscribed Share Capital - Ordinary: P150,000 • Subscriptions Receivable - Ordinary: $23,000 . Accumulated Profits: P300,000 How much is the legal capital? . .Answer with computation and explanation If the total authorized share capital is P1,000,000 at P10 par, the unissued share capital is 25,000 shares, and all the issued shares were sold at P15, then the total shareholders' equity before any operation activities is a 2 750,000. b P1,125,000 c. P375,000. d. P250,000.
- The accounts shown below pertain to P Company at December 31: Authorized Preference Share Capital, P100 par P 800,000 Authorized Ordinary Share Capital, P10 par 400,000 Unissued Preference Share Capital 200,000 Unissued Ordinary Share Capital 150,000 Subscription Receivable, Preference 60,000 Subscription Receivable, Ordinary 50,000 Subscribed Preference Shares Capital 40,000 Subscribed Ordinary Shares Capital 50,000 Treasury Shares, Preference (1,000 shares at cost) 120,000 Paid in Capital (in excess of…The accounts shown below pertain to P Company at December 31: Authorized Preference Share Capital, P100 par P 800,000 Authorized Ordinary Share Capital, P10 par 400,000 Unissued Preference Share Capital 200,000 Unissued Ordinary Share Capital 150,000 Subscription Receivable, Preference 60,000 Subscription Receivable, Ordinary 50,000 Subscribed Preference Shares Capital 40,000 Subscribed Ordinary Shares Capital 50,000 Treasury Shares, Preference (1,000 shares at cost) 120,000 Paid in Capital (in excess of par…The accounts shown below pertain to P Company at December 31: Authorized Preference Share Capital, P100 par P 800,000 Authorized Ordinary Share Capital, P10 par 400,000 Unissued Preference Share Capital 200,000 Unissued Ordinary Share Capital 150,000 Subscription Receivable, Preference 60,000 Subscription Receivable, Ordinary 50,000 Subscribed Preference Shares Capital 40,000 Subscribed Ordinary Shares Capital 50,000 Treasury Shares, Preference (1,000 shares at cost) 120,000 Paid in Capital (in excess of par…
- The accounts shown below pertain to P Company at December 31: Authorized Preference Share Capital, P100 par P 800,000 Authorized Ordinary Share Capital, P10 par 400,000 Unissued Preference Share Capital 200,000 Unissued Ordinary Share Capital 150,000 Subscription Receivable, Preference 60,000 Subscription Receivable, Ordinary 50,000 Subscribed Preference Shares Capital 40,000 Subscribed Ordinary Shares Capital 50,000 Treasury Shares, Preference (1,000 shares at cost) 120,000 Paid in Capital (in excess of…A. Preferred shares: P11,520 Goodwill: P576,000B. Preferred shares: P14,560 Goodwill: P1,728,000C. Preferred shares: P5,760 Goodwill: P1,728,000D. Preferred shares: P17,280 Goodwill: P576,000profits in 20x3. No dividends have been declared since 20x1. PROBLEM 4: CLASSROOM ACTIVITY SUCCOR HELP AID RELIEF Co. declared P3,600,000 cash dividends to its preference and ordinary shareholders out of its profits in 20x3. No dividends have been declared since 20x1.