Willy Company's equity balances on December 31, 2020 are:10% noncumulative preference share capital, P100 par,100,000 sharesOrdinary share capital, P100 par value, 500,000 sharesRetained earningsDividends in arrears on the preference shares are for 5 years. If the colpany were tobe liquidated, the preference shareholders would receive par plus a premium ofP1,000,000. The book value per share of ordinary shares isP10,000,00050,000,00015,000,000 The shareholders' equity for the Mekeni Foods, Inc. on December 31, 2013 follows:12% Preference share capital, P100 par, 20,000 sharesOrdinary share capital, P25 par, 200,000 sharesShare premiumRetained earningsTotal shareholders' equityP2,000,0005,000,000500,000750,000P8,250,000Preference shares have a liquidation value of P110; shares are cumulative, withdividends in arrears for 3 years including the current year and fully payable in the eventof liquidation. The book value of an ordinary share is

Total shareholders fund. XXX Less : preference share capital. (XXX) Book value of…

Willy Company's equity balances on December 31, 2020 are: 10% noncumulative preference share capital, P100 par, 100,000 shares Ordinary share capital, P100 par value, 500,000 shares Retained earnings Dividends in arrears on the preference shares are for 5 years. If the colpany were to be liquidated, the preference shareholders would receive par plus a premium of P1,000,000. The book value per share of ordinary shares is P10,000,000 50,000,000 15,000,000

Willy Company's equity balances on December 31, 2020 are: 10% noncumulative preference share capital, P100 par, 100,000 shares Ordinary share capital, P100 par value, 500,000 shares Retained earnings Dividends in arrears on the preference shares are for 5 years. If the colpany were to be liquidated, the preference shareholders would receive par plus a premium of P1,000,000. The book value per share of ordinary shares is P10,000,000 50,000,000 15,000,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 8MC: Hyde Corporations capital structure at December 31, 2018, was as follows: On July 2, 2019, Hyde...

See similar textbooks

Similar questions

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.
PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is noncumulative and nonparticipating, compute for the book value per ordinary share. 2. Assuming that the preference share is noncumulative and nonparticipating, compute for the book value per preference share.
The preference dividends are in arrears for 2019, 2020 and 2021. Treasury ordinary shares, 10,000 at cost Subecribed ordinary share capital, 20,000 shares What amount should be reported as book valuej D00 8% 20,000 Problem 18-20 (ACP) Simplex Company reported the following shareholders' équity on December 31, 2021: uity on Preference share capital, 10% cumulative and nonparticipating, P100 par, 20,000 shares Urdinary share capital, P100 00,000 0,000 0,000 50,000 50,000) 2,000,000 4,000,000 2,000,000 500,000 1,000,000 2,400,000 800,000 par, 40,000 shares Subscription receivable Share premium Retained earnings 0,000 2021. dinary ordinary share? per & 172 0.200 C. 160 d. 150 573
Sabo Company reported the following shareholders’ equity at year end:6% noncumulative preference share share capital, P100 par,Liquidation value of P105 per share 1,000,000Ordinary share capital, P100 par 3,000,000Retained earnings 950,000Preference dividends have been paid up to December 31, 2020. What is the book value per ordinary share?
Delta NV has share capital of $l m in shares of $0.25 each. At 31 May 2019 shares had a market value of $1.1 each. On 1 June 2009 the company makes a rights issue of 1 share for every 4 held at $0.6 per share. Its profits were $500,000 in 2019 and $440,000 in 2018. The year-end is 30 November. Required: Calculate (a) the theoretical ex-rights price; (b) the bonus issue factor; (c) the basic earnings per share for 2018; (d) the basic earnings per share for 2019.
LABAN Company provided the following shareholders’ equity on December 31, 2020:Preference share capital, 12% P100 par1,000,000Ordinary share capital, P1004,000,000Share premium2,000,000Retained Earnings1,000,000Dividends have been paid on the preference share up to December 31, 2017.Required:Compute the book value per ordinary share and per preference share under each of thefollowing conditions with respect to preference share:a) Cumulative and fully participatingb) Cumulative and fully participating after ordinary share receives 15%c) Cumulative and participating up to 16%d) Cumulative and non-participatinge) Noncumulative and non-participating
LABAN Company provided the following shareholders’ equity on December 31, 2020:Preference share capital, 12% P100 par1,000,000Ordinary share capital, P1004,000,000Share premium2,000,000Retained Earnings1,000,000Dividends have been paid on the preference share up to December 31, 2017.Required:Compute the book value per ordinary share and per preference share under each of thefollowing conditions with respect to preference share:d) Cumulative and non-participatinge) Noncumulative and non-participating
ABC Co. ‘s shareholders’ equity on December 31,2020 are as follows: 7%preference shares P100 par P3,000,000; Ordinary share capital, 50,000shares P1,500,000; Donated capital P500,000; Accumulated profitsP4,500,000. All preference dividends have been fully paid. If preferenceshares have total liquidation value of P3,200,000, how much is the bookvalue per ordinary share? A. P125.80B. P126.00C. P130D. P300E. answer not given
PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is cumulative and nonparticipating, compute for the book valueper ordinary share. 2. Assuming that the preference share is cumulative and nonparticipating, compute for the book value per preference share.
ABC Co. ‘s shareholders’ equity on December 31,2020 are as follows: 7% preference shares P100 par P3,000,000; Ordinary share capital, 50,000 shares P1,500,000; Donated capital P500,000; Accumulated profits P4,500,000. All preference dividends have been fully paid. If preference shares have total liquidation value of P3,200,000, how much is the book value per ordinary share? a.) P125.80 b.) P126.00 c.) P130 d.) P300
PPP Company provided the following shareholders’ equity on December 31, 2020: Preference share capital, 12% P100 par 1,000,000 Ordinary share capital, P100 par 4,000,000 Share premium 2,000,000 Retained earnings 1,000,000 Dividends have been paid on the preference share up to December 31, 2018. Questions: 1. Assuming that the preference share is cumulative and fully participating after ordinary share receives 15%, compute for the book value per ordinary share. 2. Assuming that the preference share is cumulative and fully participating after ordinary share receives 15%, compute for the book value per preference share.