On July 1, 2020. Rhod Corporation issued 1,000 P15 par ordinary shares at P19 and 2,000 P50 par redeemable preference shares at P60. Question: What is the amount debited to Cash?
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- On July 1, 2020. Rhod Corporation issued 1,000 P15 par ordinary shares at P19 and 2,000 P50 par redeemable
preference shares at P60.
Question: What is the amount debited to Cash?
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- 1. What is the amount of dividend per share that MOONSTONE paid on March 31, 2021? 2. How much is the ordinary share capital, December 31, 2021? 3. How much will is the total cash dividends paid during the year 2021? 4. Number of fractional warrants outstanding as of December 31, 2021 5. How much is the retained earnings appropriated for contingency loss?Albay Company had the following shareholders' equity on Problem 23-16 (PHILCPA Adapted) January 1, 2020: Preference share capital, P100 par, 10% cumulative Ordinary share capital, no par, P5 stated value Share premium Retained earnings Treasury ordinary shares 2,000,000 5,150,000 3,500,000 4,000,000 400,000 On January 15, 2020, the entity formally retired all the 30,000 treasury shares. The treasury shares were originally issued at P10 per share. The entity owned 10,000 shares of Digos Company purchased for P800,000. The Digos shares were included in noncurrent equity securities. On December 31, 2020, the entity declared a dividend in kind of one share of Digos for every hundred ordinary shares held by a shareholder. The fair value of the Digos share is P90 on December 31, 2020. The dividend in kind was distributed on March 15, 2021 when the fair value of Digos share is P95. On December 31, 2020, the entity declared the yearly cash dividend on preference share, payable on January 15,…1. These dividends are payable in promissory notes and will be paid at some future date. Choices; property dividends scrip dividends cash dividends liquidating dividends 2. To record the foregoing transaction Choices; Ordinary Treasury Shares would be credited for P 30,000 Ordinary Treasury Share Premium would be credited for P 30,000 Ordinary Treasury Share Premium would be credited for P 10,000 Ordinary Share Capital would be credited for P 20,000.
- 1.How much is the TOTAL subscribed share capital (assuming subscriptions receivable is collectible on January 5, 2022)? 2.How much is the TOTAL share premium?The board of directors of Ayayai Corp. declared a cash dividend of $1.50 per share on 40000 shares of common stock on July 15, 2020. The dividend is to be paid on August 15, 2020, to stockholders of record on July 31, 2020. The correct entry to be recorded on July 15, 2020, will include a OOO O credit to Cash Dividends. credit to Cash. debit to Dividends Payable. debit to Cash Dividends.How many are the ordinary shares outstanding after reflecting the foregoing transactions for the year 2019? To input answers, kindly follow the sample format below(no peso sign, with comma, no space): ex. 100,000
- The balance in the retained earnings at December 31, 2019 and 2020 respectively are ₱720,000 and ₱582,000. The net income for 2020 was ₱500,000. A stock dividend was declared and distributed which increased ordinary share capital by ₱200,000 and share premium by ₱110,000. A cash dividend was declared and paid. What is the amount of cash dividends declared and paid? ₱ 328,000 ₱ 248,000 ₱ 638,000 ₱ 442,000For the year 2019, a business reports $450,000 increase in Share capital - Ordinary, $5 par value, and $550,000 increase in Share Premium - Ordinary. $700,000 ordinary shares are issued for non-cash assets. What is the amount of cash received from the sale of ordinary shares? A. $300,000 B. $450,000 C. $550,000 D. $700,000 E. $1,000,000The board of directors of Tamarisk, Inc. declared a cash dividend of $1.95 per share on 33000 shares of common stock on July 15, 2020. The dividend is to be paid on August 15, 2020, to stockholders of record on July 31, 2020. The correct entry to be recorded on August 15, 2020, will include a O debit to Cash Dividends. O debit to Dividends Payable. O credit to Cash Dividends. O credit to Dividends Payable.
- On December 31, 2019, JnT Co. had 2,000,000 shares of ordinary shares standing. On January 1, 2020, JnT Co. issued 500,000 shares of preference shares, which were convertible into 1,000,000 shares of ordinary shares. During 2020, JnT Co. declared and paid P1,500,000 cash dividends on the ordinary shares and P500,000 cash dividends on the preference shares. Net income for 2020 was P 5,000,000.IF income tax rate is 30%, how much is the diluted EPS for the year ended December 31, 2020? * a.) 1.50 b.) 1.67 c.) 2.08 d.) 2.503. On April 30, 2021, the board of directors of DDT Corporation declared a PS cash dividend per share representing P3 per share as distribution of income, and P2 per share as liquidating dividends. As of this date, the corporation has 10,000 shares issued and outstanding. Requirement: Give the journal entries for the foregoing transactions.1. As of December 31,2019, how many ordinary shares are issued? 2. After considering the given transactions, how much is the total shareholder's equity of the December 31,2019 ?