Problem 1 (Adapted) The shareholders’ equity of Yelan Company showed the following account balances on December 31, 2018: Share capital, P100 5,000,000 Share Premium 1,000,000 Retained earnings 2,000,000 Revaluation surplus 800,000 Compute the book value per share on December 31, 2018.
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Problem 1 (Adapted)
The shareholders’ equity of Yelan Company showed the following account balances on
December 31, 2018:
Share capital, P100 5,000,000
Share Premium 1,000,000
Revaluation surplus 800,000
Compute the book value per share on December 31, 2018.
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Solved in 2 steps
- The trial balance of Titan Company on December 31, 2018 includes the following accounts: Share capital P1,500,000Share premium 500,000Treasury shares, at cost 200,000Retained earnings unappropriated 600,000Retained earnings appropriated 300,000 What amount should be reported as total shareholders’ equity?a. P2,700,000b. P3,100,000c. P2,600,000d. P2,300,000Based on the given data, what is the returns for Company JFC? Company Dec. 30, 2020 Dec. 29, 2019 Dividends Returns (%) AC 395.00 301.00 5.00 JFC 88.90 55.00 2.50 O a. 66.18% Ob. 19.19% Oc. 32.89% d. 26.80%The following is the Balance sheet of Moin lilited as on 31st march 2020. You are required to comment on the Liquidity of the Company Liabilities Amount 5,00,000 Equity Share Capital 8% preference Share Capital 10%long term loans 14%debentures Sundry creditors Bills payable Provision for taxation Proposed preference dividend Bank overdraft 3,00,000 3,25,000 1,50,000 75,000 30,000 70,000 24,000 20,000 14,94,000 Assets Goodwill Premises Machinery Trade investments Short term investment Stock Debtors Bills payable Cash Prepaid expenses Amount 1,00,000 3,00,000 4,50,000 1,00,000 44,000 1,75,000 1,75,000 1,25,000 10,000 15,000 14,94,000
- The following information was available for the year ended December 31, 2019: Net income Average total assets Dividends per share Earnings per share Market price per share at year-end $ 50,000 600,000 1.40 5.00 70,00 The dividend payout ratio for 2019 was 報 灣 券 11111 157Highland Company provided the following information c 3. What is the total shareholders' equity after Problem 22-14 (IFRS) bAA9DL on December 31, 2020: Cash Trade and other receivables Property, plant and équipment - net Trade and other payables Share capital Revaluation surplus -Retained earnings 2,000,000 2,600,000 4,600,000 1,800,000 4,000,000 400,800 3,000,000 The general price index numbers are 112 on January 1, 2017 which is the date of incorporation, 125 on December 31, 2019 and 280 on December 31, 2020. The property, plant and equipment were acquired on January 1, 2017 but were revalued on December 31, 2019. 1. What amount should be reported as total assets in a hyperinflationary statement of financial position? a 14,904,000 b. 13,800,000 c. 10,800,000 d. 16,100,000 2. What is the balance of retained earnings after restatement? a 3,104,000 b. 3,000,000 c. 3,504,000 d. 3,400,000 restatement? 13,104,000 10,000,000 c. 13,504,000 d. 7,000,000 6984. HAT Company provided the following information for the 2018: Total Assets at December 31 4,500,000 Share Capital at December 31 2,000,000 Share Premium at December 31 200,000 Treasury Share (at cost) 300,000 The debt-to-equity ratio (total liability over total shareholders’ equity) is 25% at December 31, 2018. What is the retained earnings unappropriated on December 31, 2018? Group of answer choices 2,300,000 1,700,000 1,400,000 1,100,000
- The following trial balance relates to Selt.plc for the year ended 31 December 2021: Equity shares of £1 each Share Premium Retained earnings at 1 January 2021 Property at cost Depreciation on property at 1 January 2021 Plant and equipment at cost Depreciation on plant and equipment at 1 January 2021 Inventory at 1 January 2021 Trade receivables Cash and cash equivalents Trade payables 5% Loan repayable 2026 Revenue Purchases Distribution costs Administrative expenses Research and development expenditure Loan Interest paid Dividend paid Further notes: £'000 34,800 22,800 Required: A Statement of Profit or Loss for the year ended 31 December 2021. A Statement of Financial Position as at 31 December 2021 4,900 4,000 6,840 155,000 22,050 12,750 19,600 300 4,000 287,040 £'000 56,000 2,000 7,780 3,200 4,500 1,560 12,000 200,000 287,040 2) 1) Inventory was valued at £3,800,000 on 31 December 2021. (This valuation is before note (4) below is considered). Property includes land valued at…Beverly Company provides the following information for the year 2020: January 1 December 31 Total Assets P10,000,000 15,000,000 Total Liabilities 4,000,000 7,000,000 Share Capital 3,000,000 Share Premium 1,000,000 Retained Earnings ? ? During the year, the Company issued share capital of P2,000,000 at a premium of P400,000. Dividends of P1,600,000 were paid on December 10, 2020. Determine the amount of net income or loss for the year ended 2020 A. P1,200,000 income B. P1,800,000 loss C. P1,200,000 loss D. P1,800,000 income1 On December 31, 2020, the balance sheet of Legend Corporation shows a total equity of P1,260,000. During 2020, the shareholders’ equity was affected by: Adjustment to retained earnings for the overstatement of 2019 net income P17,500 Cash dividend declared and paid in 2020 10% Net income of 2020 P65,000 The share capital of P1,000,000 remained unchanged during the year. What is the balance of retained earnings on January 1, 2020? Group of answer choices P295,000 P312,500 P360,000 P260,000
- From the following particulars pertaining to Assets and Liabilities of a company calculate and interpret: a. Current Ratio; b. Liquidity Ratio; c. Proprietary Ratio; d. Debt-Equity Ratio; e.Capital Gearing Ratio. Balance Sheet as on 31st December 2020 Liabilities Amount (Rs) Assets Amount (Rs) 5,000 Equity Shares of Rs 10 each 5,00,000.00 Land & Building 5,00,000.00 8%, 2000 Preference Shares of Rs 100 each 2,00,000.00 Plant & Machinery 6,00,000.00 9 % Debentures of Rs 100 each 4,00,000.00 Sundry Debtors 2,00,000.00 Reserves & Surplus 3,00,000.00 Stock 2,40,000.00 Sundry Creditors 1,50,000.00 Cash in hand 55,000.00 Bank Overdraft 50,000.00 Prepaid Expenses 5,000.00 TOTAL 16,00,000.00 TOTAL 16,00,000.00 don't give hand written answersCompute the amount of liabilities for Company E at the beginning of the year. End of Year $ Assets Equity, beginning of year Add: Stock issuances Add: Net income 115,920 Less: Cash dividends Equity, end of year Beginning of Year Assets $ = = = 101,010 = $ $ $ Liabilities + 91,576 + 6,500 8,642 15,142 11,000 24,344 Liabilities 101,010 + + GA $ Equity 24,344 Equity1. James Company showed the following balances in its balance sheet as at year-end: P450,000 P1,150,000 P300,000 P900,000 120,000 shares Current Assets Non-current Assets Current Liabilities Non-current Liabilities Weighted average of outstanding shares According to the appraisal, 60% of the non-current assets can be replaced at 150% of their reported book value while the remaining balance of the non-current assets has replacement value of 65%. Reported balance of other items approximates their replacement value. How much is the replacement value of James Company at year-end? a.) P299,000 b.) P584,000 c.) P1,035,000 d.) P1,334,000 e.) P1,784,000
