From the Given information Calculate the Book Value and pass Basic Elimination entry : PQR Ltd...
From the Given information Calculate the Book Value and pass Basic Elimination entry :
- PQR Ltd owns 100% of STV Ltd.
- STV Ltd ’s net income for 20X4 is SAR 250,000
- STV Ltd’s declares dividends of SAR 36,000 during 20X4.
- STV Ltd has 20,000 shares of $5 par stock outstanding that were originally issued at $15 per share.
- STV Ltd’s beginning balance in Retained Earnings for 20X4 is SAR 150,000
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From the Given information Calculate the Book Value and pass
Basic Elimination entry :
PQR Ltd...
From the Given information Calculate the Book Value and pass Basic Elimination entry : PQR Ltd...
From the Given information Calculate the Book Value and pass Basic Elimination entry : PQR Ltd owns 100% of STV Ltd. STV Ltd ’s net income for 20X4 is SAR 250,000 STV Ltd’s declares dividends of SAR 36,000 during 20X4. STV Ltd has 20,000 shares of $5 par stock outstanding that were originally issued at $15 per share. STV Ltd’s beginning balance in Retained Earnings for 20X4 is SAR 150,000
Please, i need Unique answer, Use your own words (don't copy and paste). *Please, don't use...
Please, i need Unique answer, Use your own
words (don't copy and paste).
*Please, don't use handwriting.
Course: Advanced
Financial Accounting
Q1. Explain the term Acquisition and investments in
intercorporate Entities.
Q2. X Inc. acquired 100% of the outstanding common stock of Y
Inc. for $250,000 cash and 20,000 shares of its own common stock
($5 par value), which was trading at $10 per share at the
acquisition date. The estimated fair market values of assets,
liabilities, and equity accounts of...
Please, i need Unique answer, Use your own words (don't copy and paste). *Please, don't use...
Please, i need Unique answer, Use your own
words (don't copy and paste).
*Please, don't use handwriting.
Course: Advanced
Financial Accounting
Q2. X Inc. acquired 100% of the outstanding common stock of Y
Inc. for $250,000 cash and 20,000 shares of its own common stock
($5 par value), which was trading at $10 per share at the
acquisition date. The estimated fair market values of assets,
liabilities, and equity accounts of Y. Inc are as follows:
Require:
Calculate Acquisition cost of...
Q.5 K ltd issue 10,000 share of 10 SAR par value common stock, pass the necessary...
Q.5 K ltd issue 10,000 share of 10 SAR par value common stock, pass the necessary journal entries in the books of company if shares are issued at. 1. At Par value 2. At 10% Discount 3. At 10% Premium Answer. Journal entry in the books of K ltd Company
Having trouble with the ratio for the book value for the common share, preferred share, earnings...
Having trouble with the ratio
for the book value for the common share, preferred share, earnings
per share and the price earnings ratio. Not sure where i am going
wrong.
Other information No dividends were declared or paid for the years ended October 31, 2017 and 2016. 1. The market value per common share at October 31, 2017 and 2016 were $29 and $25 respectively. 2. Book value per common 14.91 share Book value per preferred $22.00 share Earnings per...
Exercise 11-16 Book value per share LO A4 The equity section of Cyril Corporation’s balance sheet...
Exercise 11-16 Book value per share LO A4 The equity section of Cyril Corporation’s balance sheet shows the following: Preferred stock—6% cumulative, $25 par value, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 50,000 shares issued and outstanding 500,000 Retained earnings 267,500 Total stockholders’ equity $ 1,017,500 This year's dividends on preferred stock have been paid. Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears. 2....
Exercise 11-20 Book value per share LO A4 The equity section of Cyril Corporation's balance sheet...
Exercise 11-20 Book value per share LO A4 The equity section of Cyril Corporation's balance sheet shows the following. Preferred stock-6 cumulative, $25 par value, 10,000 shares issued and outstanding Common stock-$10 par value, 35,000 shares issued and outstanding Retained earnings 250,000 350,000 267,500 867,500 Total stockholders equity Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears at the current date. 2. Three years of preferred dividends are in...
Required information Problem 13-5A Computing book values and dividend allocations LO C2, A4 [The following information...
Required information Problem 13-5A Computing book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section. $ 100,000 Preferred stock-5% cumulative, $__par value, 1,000 shares authorized, issued, and outstanding Common stock-$_ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 180,000 360,000 $ 640,000 Problem 13-5A Part 1 1. What are the par values of the corporation's preferred stock and...
Required information Exercise 11-6 Stock dividends and per share book values LO P2 [The following information...
Required information Exercise 11-6 Stock dividends and per share book values LO P2 [The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows: Common stock-$10 par value, 150,000 shares authorized, 54,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 540,000 525,000 675,000 $1,740,000 On February 5, the directors declare a 14% stock dividend distributable...
please answer the following multiple choice questions 20. The following information is from the balance sheet...
please answer the following multiple choice questions
20. The following information is from the balance sheet of Tudor Corporation as of December 31, 2014 Preferred stock, S100 par Paid-in capital in excess of par preferred Common stock, SI par Paid-in capital in excess of par common Retained earnings Total stockholders' equity What was the average issue price of the common stock shares? A) S1.90 B) $1.00 C) $3.00 D) S13.15 $ 500,000 35,000 190,000 380,000 131.500 SL236.500 21. Dallkin Corporation...
Please, i need Unique answer, Use your own
words (don't copy and paste).
*Please, don't use handwriting.
Course: Advanced
Financial Accounting
Q1. Explain the term Acquisition and investments in
intercorporate Entities.
Q2. X Inc. acquired 100% of the outstanding common stock of Y
Inc. for $250,000 cash and 20,000 shares of its own common stock
($5 par value), which was trading at $10 per share at the
acquisition date. The estimated fair market values of assets,
liabilities, and equity accounts of...
Please, i need Unique answer, Use your own
words (don't copy and paste).
*Please, don't use handwriting.
Course: Advanced
Financial Accounting
Q2. X Inc. acquired 100% of the outstanding common stock of Y
Inc. for $250,000 cash and 20,000 shares of its own common stock
($5 par value), which was trading at $10 per share at the
acquisition date. The estimated fair market values of assets,
liabilities, and equity accounts of Y. Inc are as follows:
Require:
Calculate Acquisition cost of...
Having trouble with the ratio
for the book value for the common share, preferred share, earnings
per share and the price earnings ratio. Not sure where i am going
wrong.
Other information No dividends were declared or paid for the years ended October 31, 2017 and 2016. 1. The market value per common share at October 31, 2017 and 2016 were $29 and $25 respectively. 2. Book value per common 14.91 share Book value per preferred $22.00 share Earnings per...
Exercise 11-20 Book value per share LO A4 The equity section of Cyril Corporation's balance sheet shows the following. Preferred stock-6 cumulative, $25 par value, 10,000 shares issued and outstanding Common stock-$10 par value, 35,000 shares issued and outstanding Retained earnings 250,000 350,000 267,500 867,500 Total stockholders equity Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears at the current date. 2. Three years of preferred dividends are in...
Required information Problem 13-5A Computing book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section. $ 100,000 Preferred stock-5% cumulative, $__par value, 1,000 shares authorized, issued, and outstanding Common stock-$_ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 180,000 360,000 $ 640,000 Problem 13-5A Part 1 1. What are the par values of the corporation's preferred stock and...
Required information Exercise 11-6 Stock dividends and per share book values LO P2 [The following information applies to the questions displayed below.) The stockholders' equity of TVX Company at the beginning of the day on February 5 follows: Common stock-$10 par value, 150,000 shares authorized, 54,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 540,000 525,000 675,000 $1,740,000 On February 5, the directors declare a 14% stock dividend distributable...
please answer the following multiple choice questions
20. The following information is from the balance sheet of Tudor Corporation as of December 31, 2014 Preferred stock, S100 par Paid-in capital in excess of par preferred Common stock, SI par Paid-in capital in excess of par common Retained earnings Total stockholders' equity What was the average issue price of the common stock shares? A) S1.90 B) $1.00 C) $3.00 D) S13.15 $ 500,000 35,000 190,000 380,000 131.500 SL236.500 21. Dallkin Corporation...
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