The following information pertains to Black Pink Corporation: Ordinary share capital, 50,000 shares, P100 parP5,000,000Share premium - original issuance500,000Share premium - treasury shares100,00ORetained earnings1,000,000Treasury shares, 5,000 shares at cost750,000lf the 5,000 ordinary shares held as treasury are subsequently retired, what amount should be debited to retained earnings account to record this transaction?
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- 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? ● ●Charice Company revealed the following shareholder’s equity at year end:Preference share capital, P100 par 2,300,000Share premium – PS 805,000Ordinary share capital, P15 par 5,250,000Share premium 2,750,000Subscribed ordinary share capital 500,000Retained earnings 1,900,000Note payable 4,000,000Subscription receivable - ordinary 400,000How much is the legal capital?The shareholder’s equity section of FED, Inc. contains the following:Preference share capital of P100 par, 15,000 shares - P1,500,000Preference share premium - P750,000Ordinary share capital of P20 par, 50,000 shares - P1,000,000Ordinary share premium - P250,000Retained Earnings P800,000 1,000 preference shares was reacquired by the company and retired for P200 per share. How much is the total shareholder’s equity after the retirement?
- IUuwvie t0 Accountancy Company is: a. P393,000 b. P376,500 c. P390,000 d. P406,500 11. YSL Corporation acquired 80% of the outstanding ordinary shares of GBX Company on June 1, 2022 for P586,250. GBX Company's shareholder's equity components at the end of this year were as follows: Ordinary shares, P100 par, P250,000; Share premium, P112,500 and Retained earnings, P222,5000. NCI is measured at fair value. All the assets of GBX were fairly valued, except for inventories, which is overstated by P11,000 and equipment, which is understated by P15,000. Remaining useful life of equipment is 4 years. Both companies use straight line method for depreciation and amortization. Shareholder's equity of YSL on January 1, 2022 is composed of Ordinary shares, P750,000; Share premium, P175,000 and Retained earnings, P525,000. Fair value of NCI on the date of acquisition is P117,500. Goodwill, if any, should be written down by P14,225 at year end. Net income for the first year of parent and subsidiary…A.) The following information was extracted from the books of ABC limited as at 31/12/2021 Description sh. ordinary shares capital (par value Sh. 25) 8,000,000 8% preference share capital (Par value sh. 24) 6,000,000 10% preference share capital (par value sh. 20) 4,000,000 10% debentures 4,000,000 Total 22000 Additional information. The market value of the 10% debentures on 31/12/2021 was sh. 500,000 The share market prices as at 31/12/2021 was as follows 8% preference shares @ sh. 8 10% preference share @ sh. 25 ordinary shares @ sh. 30 The company has maintained payments of an ordinary divinded per share of sh. 3.80 over the past five years. The corporation tax rate at 30%. Required Calculate the weighted average cost of capital B.) If ABC limited is expected to pay DPS of Sh. 6 on one year time. the divided payout ratio is 60% and Return on Equity is 15%. Determine wether the shares is overvalued if the MPS is Sh. 40.Item No. 11 is based on the following information: air IE sedmeo90 000,002 9 6 000,048 9 42 d Alpha Company was incorporated at the beginning of this year with the following authorized capitalization: 15.39.d M2.9 termotr and on 21 o 200,000, 10% cumulative preference shares, par P 50; and sqmo) sinan to 1009 o 200,000 ordinary shares, no-par, P 100 stated value shares. 9V91- During the year, Alpha issued 50,000 preference shares at P 60 per share and 150,000 ordinary shares for a total of P 18,000,000. In addition, subscriptions for 20,000 preference shares were taken in December this year at a purchase price of P 100 per share. These subscribed shares will be paid in ! January next year. Profit for this year was P 5,000,000. I 11. What should Alpha report as total contributed capital on its balance sheet as at December 31 this year? c. P 26,000,000.22.09 I a. P 21,000,000. [ d. P 28,000,000. b. P 23,000,000.),81 9 OH 20
- 12. Charice Company revealed the following shareholder's equity at year end: Preference share capital, P100 par 2,300,000 Share premium - PS 805,000 Ordinary share capital, P15 par 5,250,000 Share premium 2,750,000 Subscribed ordinary share capital 500,000 Retained earnings 1,900,000 Note payable 4,000,000 Subscription receivable - ordinary 400,000 How much is the legal capital? a. 8,050,000 b. 7,650,000 c. 9,950,000 d. 11,605,000Below are the statements of financial position for Haggis and Stovies Haggis RM Stovies RM Non-current assets Tangible assets Investments: shares in Stovies at cost 33,000 12,500 20,000 Current assets 4,500 50,000 16,000 36,000 Share capital and reserves Equity shares of $1 each Share premium Retained earnings 10,000 5,000 6,000 21,000 4,000 13,000 17,000 Non-current liabilities 20,000 9,000 Current liabilities 9,000 50,000 10,000 36,000 On 1 January 2013, Haggis acquired 3,000 shares in Stovies. At that date the balance on Stovies' retained earnings was RM8,000. Non-controlling interest are valued at fair value, the fair value of the non-controlling interest on acquisition was RM3,800. Goodwill has been impaired by RM1,000 since acquisition.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 - _____
- The accounts below appear in the December 31, 2022 trial balance of BFAR Corporation: Ordinary Share Capital Subscribed Ordinary Share Capital Subscription Receivable Share Premium Accumulated Profits - Unappropriated Accumulated Profits - Appropriated Treasury Shares, at cost Compute the Total Shareholders' Equity. 3,000,000 1,000,000 400,000 500,000 600,000 300,000 400,00031. The following capital accounts are shown in the statement of financial position of George Corporation: Ordinary shares, 10,000 shares, par value P100 Premium on ordinary shares Share premium - treasury shares Accumulated profits and losses Treasury shares, 2,000 shares at cost P1,000,000 20,000 30,000 750,000 250,000 The entire 2.000 treasury shares were sold for P200,000. What would be the balance of the accumulated profits and losses account after this sale?I wanna know the transaction of dt ct sides . 1.The company sold assets previously revalued by 150 through revaluation reserve. dt asset 150 ct revaluation reserve 150 2.the company issued to shareholders 100 shares at a nominal value of 1 and issue price of 4. I do not know this transaction. 3.The company purchased on deferred payment shares of X company for immediate sale 50 shares at a value of 5 per share and commission of 1 per share. dt short term investment 300 ct liabilities 300 ( I am considering if ct : deferred cost)