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D37. A major disadvantage for shareholders, of using debt financing, is: the company is locked in...
these last 3 pics from stage 1 and 2 has information needed to answer stage 3. thanks ZHL held its a...
these last 3 pics from stage 1 and 2 has information needed to
answer stage 3. thanks
ZHL held its annual general meeting as intended on the 10th October 20X3 and the final dividend determined in the previous fi nal I year was approved, dedared and On the 30th October 2003 60% of ordinary shareholders advised ZHL that they elected to take shares instead of dividends under the terms of the DRP conditions previously advised. The 60% was evenly spread...
Problem No. 2 Wise Company has the following capital structure as of December 31, 2020: Ordinary...
Problem No. 2 Wise Company has the following capital structure as of December 31, 2020: Ordinary share capital, P100 par value, 100,000 shares authorized, 10,000 shares issued and outstanding Share premium Retained earnings P1,000,000 250,000 520,000 On the same date, when the shares market price is at P115 per share, the company declared a share dividend to its ordinary shareholders to be distributed on January 31, 2021. Requirements: 1. Journal entry on the date of declaration if the share dividends...
Question: Please help! The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts...
Question:
Please help!
The balance sheet of Consolidated Paper, Inc., included the
following shareholders' equity accounts at December 31, 2020:
Paid-in capital: Preferred stock,
8.8%, 90,000 shares at $1 par$90,000 Common stock, 364,000 shares
at $1 par 364,000 Paid-in capital—excess of par, preferred
1,437,000 Paid-in capital—excess of par, common 2,574,000 Retained
earnings 9,735,000 Treasury stock, at cost; 4,000 common shares
(44,000)Total shareholders' equity$14,156,000
During 2021, several events and transactions affected the
retained earnings of Consolidated Paper.
Required:
1. Prepare the appropriate...
HP5P is a Canadian Controlled Private Corporation. The company was formed on Jan 1, 2017. On...
HP5P is a Canadian Controlled Private Corporation. The company was formed on Jan 1, 2017. On Dec 31, 2018, the company had 50,000 Common Shares and 20,000 $2 cumulative preferred shares outstanding. Contributed Share Capital on that date as per the Balance Sheet is the following: Common Shares: 150,000 Preferred Shares: 140,000 Retained Earnings: 79,250 During 2019, the company performed the following share related transactions. 1. Issued 5,000 common shares for $2.80 each. 2. Issued 1,000 preferred shares in exchange...
On January 1, 2018, Sweetwater Ltd., a private company, had the following shareholders' equity accounts: Preferred...
On January 1, 2018, Sweetwater Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 2.06 million issued Retained earnings $2,860,000 3,470,000 The following selected transactions occurred during 2018: Jan. 2 Issued 210,000 preferred shares at $25 per share. Feb. 8 Issued 100,000 common shares in exchange for land. On this date, the current value of the land was $210,000. The common shares have not recently...
can you please solve this On December 31, 2020, Ivanhoe Corporation had the following shareholders' equity...
can you please solve this
On December 31, 2020, Ivanhoe Corporation had the following shareholders' equity accounts: IVANHOE CORPORATION Balance Sheet (partial) December 31, 2020 Shareholders' equity Common shares (unlimited number of shares authorized, 90,000 issued) Retained earnings Total shareholders' equity $1.052,000 550,000 $1,602,000 During the year, the following transactions occurred: Jan. 15 Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15, July 1 Announced a 2-for-1 stock split. The market price...
Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period...
Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021-2023. At December 31, 2020, the corporation's accounts included: Common stock, 111 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in thousands) $111,000 666,000 900,000 a. November 1, 2021, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March...
On January 1, 2018, Tarjee Ltd., a private company, had the following shareholders' equity accounts: Preferred...
On January 1, 2018, Tarjee Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 2.70 million issued Retained earnings $2,700,000 3,940,000 The following selected transactions occurred during 2018: Jan. 2 Issued 180,000 preferred shares at $25 per share. Feb. 8 Issued 90,000 common shares in exchange for land. On this date, the current value of the land was $184,000. The common shares have not recently...
La Sfera Co. was formed on July 1. 2014. The company reported the following summarized statement...
La Sfera Co. was formed on July 1. 2014. The company reported the following summarized statement of financial position at July 1, 2017: RM Assets Cash Other assets Total assets 472,000 1,680,000 2,152,000 Liabilities and Equity Libilities Other liabilities Onlinary dividend payable 546,000 35,000 Shareholders' equity 7° preference shares, 300,000 authorised, 50.000 issued Ordinary share, 500,000 authorised. 250.000 issued Retained earnings Total liabilities and equity 250,000 750,000 571,000 2,152,000 The following transactions occurred during the financial year but have not...
these last 3 pics from stage 1 and 2 has information needed to
answer stage 3. thanks
ZHL held its annual general meeting as intended on the 10th October 20X3 and the final dividend determined in the previous fi nal I year was approved, dedared and On the 30th October 2003 60% of ordinary shareholders advised ZHL that they elected to take shares instead of dividends under the terms of the DRP conditions previously advised. The 60% was evenly spread...
Problem No. 2 Wise Company has the following capital structure as of December 31, 2020: Ordinary share capital, P100 par value, 100,000 shares authorized, 10,000 shares issued and outstanding Share premium Retained earnings P1,000,000 250,000 520,000 On the same date, when the shares market price is at P115 per share, the company declared a share dividend to its ordinary shareholders to be distributed on January 31, 2021. Requirements: 1. Journal entry on the date of declaration if the share dividends...
Question:
Please help!
The balance sheet of Consolidated Paper, Inc., included the
following shareholders' equity accounts at December 31, 2020:
Paid-in capital: Preferred stock,
8.8%, 90,000 shares at $1 par$90,000 Common stock, 364,000 shares
at $1 par 364,000 Paid-in capital—excess of par, preferred
1,437,000 Paid-in capital—excess of par, common 2,574,000 Retained
earnings 9,735,000 Treasury stock, at cost; 4,000 common shares
(44,000)Total shareholders' equity$14,156,000
During 2021, several events and transactions affected the
retained earnings of Consolidated Paper.
Required:
1. Prepare the appropriate...
HP5P is a Canadian Controlled Private Corporation. The company was formed on Jan 1, 2017. On Dec 31, 2018, the company had 50,000 Common Shares and 20,000 $2 cumulative preferred shares outstanding. Contributed Share Capital on that date as per the Balance Sheet is the following: Common Shares: 150,000 Preferred Shares: 140,000 Retained Earnings: 79,250 During 2019, the company performed the following share related transactions. 1. Issued 5,000 common shares for $2.80 each. 2. Issued 1,000 preferred shares in exchange...
On January 1, 2018, Sweetwater Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 2.06 million issued Retained earnings $2,860,000 3,470,000 The following selected transactions occurred during 2018: Jan. 2 Issued 210,000 preferred shares at $25 per share. Feb. 8 Issued 100,000 common shares in exchange for land. On this date, the current value of the land was $210,000. The common shares have not recently...
can you please solve this
On December 31, 2020, Ivanhoe Corporation had the following shareholders' equity accounts: IVANHOE CORPORATION Balance Sheet (partial) December 31, 2020 Shareholders' equity Common shares (unlimited number of shares authorized, 90,000 issued) Retained earnings Total shareholders' equity $1.052,000 550,000 $1,602,000 During the year, the following transactions occurred: Jan. 15 Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15, July 1 Announced a 2-for-1 stock split. The market price...
Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021-2023. At December 31, 2020, the corporation's accounts included: Common stock, 111 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in thousands) $111,000 666,000 900,000 a. November 1, 2021, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March...
On January 1, 2018, Tarjee Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 2.70 million issued Retained earnings $2,700,000 3,940,000 The following selected transactions occurred during 2018: Jan. 2 Issued 180,000 preferred shares at $25 per share. Feb. 8 Issued 90,000 common shares in exchange for land. On this date, the current value of the land was $184,000. The common shares have not recently...
La Sfera Co. was formed on July 1. 2014. The company reported the following summarized statement of financial position at July 1, 2017: RM Assets Cash Other assets Total assets 472,000 1,680,000 2,152,000 Liabilities and Equity Libilities Other liabilities Onlinary dividend payable 546,000 35,000 Shareholders' equity 7° preference shares, 300,000 authorised, 50.000 issued Ordinary share, 500,000 authorised. 250.000 issued Retained earnings Total liabilities and equity 250,000 750,000 571,000 2,152,000 The following transactions occurred during the financial year but have not...
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