NEKO Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock split on a stock that pays P12 per share dividend. The total legal capital of NEKO Inc. is P420,000,000 and total number of outstanding shares of 2,400,000. What is the new par value of each shares?
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NEKO Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock split on a stock that pays P12 per share dividend. The total legal capital of NEKO Inc. is P420,000,000 and total number of outstanding shares of 2,400,000. What is the new par value of each shares?
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- 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 preference share was selling for P270. What is the share premium from the issuance of ordinary shares?Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock split on a stock that pays P12 per share dividend. The total legal capital of Inc. is P420,000,000 and total number of outstanding shares of 2,400,000. What is the new par value of each shares?Integrity Company, a newly formed company, had the following shares issued and outstanding as of April 1, 2022: Ordinary share, P20 par (20,000 shares originally issued for P60 per share) Preference share, P50 par (6,000 shares originally issued for P100 per share) How much is the Ordinary Share Capital, Preference Share Capital, and Share Premium, respectively? a. P400,000; P300,000; and P1,100,000 b. P1,200,000; P300,000; and P300,000 c. P400,000; P600,000; and P800,000 d. P1,200,000; P600,000; and P0
- Firm A has a 20,000 authorized ordinary shares which have a par value of P15 per share. Initially, it issued 2,500 of its share for cash at P17.50 per share. On another day, it issued additional 1,750 shares at P18 per share. It has an income of P50,000, 64.30% of which is set aside for inventory build up. What is the upper limit of dividend per share can the BOD declare?Ivy Corp declared a share capital dividend entitling its shareholders to one additional share for each share held on June 1, 2021. At the time the dividend was declared, the market value was P100 per share and the par value was P50 per share. On this date, Ivy had 65,000 shares issued and 5,000 shares in the treasury.How much is the amount to be debited to retained earnings on the declaration of dividends?Bulldogs Inc., a corporation that can only legally issue ordinary shares with par value, recently completed a 2-for-1 stock split on a stock that recently pays P15 dividend per share. The total legal capital of Bulldogs Inc. is P31,000,000 and it has a total number of outstanding shares at 980,000. What is the new par value of each shares? A. 15.82 B. 15.00 C. 31.63 D. 7.50
- BFAR Corporation has the following information in its shareholders' equity: Ordinary Share Capital of P1,600,000 - P200 par value Share Premium, P400,000 Accumulated Profits of P900,000. ● A share dividend of 6% was declared when the share is selling at P500 per share. Compute the balance of Accumulated Profits after dividend declaration.Bulldogs Inc., a corporation that can only legally issue ordinary shares with par value, recently completed a 2-for-1 stock split on a stock that recently pays P15 dividend per share. The total legal capital of Bulldogs Inc. is P31,000,000 and it has a total number of outstanding shares at 980,000. What is the new par value of each shares? 15.82 7.50 15.00 31.632. Harmony Corporation declared share dividends of 1 share for every 5 shares owned on its 200,000 issued and outstanding shares with a par value of P50 per share. at the time of declaration, the market value of ordinary shares was P80 per share and P100 per share at the time the shares were issued. What amount should be charged to Retained Earnings account and credit liability accounts, respectively? Group of answer choices 2,000,000 and -0- 2,500,000 and 2,500,000 4,000,000 and -0- 4,000,000 and 4,000,000
- B. Z Corporation has 1,000 shares of K20 par value common stock outstanding. The company is considering a 4 for 1 stock split. How will this affect the shareholders' equity accounts?Bulldogs Inc., a corporation that can only legally issue ordinary shares with par value, recently completed a 2-for-1 stock split on a stock that recently pays P15 dividend per share. The total legal capital of Bulldogs Inc. is P31,000,000 and it has a total number of outstanding shares at 980,000. What is the new par value of each shares? 15.00 7.50 15.82 31.63 Bulldogs Inc. has forecasted that its net income will be P400,000. The company has debt ratio of 30%. The dividend policy of the firm follows the residual dividend model. Bulldogs Inc. has an investment project amounting to P500,000. The number of issued and outstanding shares is 4,000. What is the dividends per share of Bulldogs Inc.?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?