For a recent 2-year period, the statement of financial position of Jiang Group showed the following equity
Question:
For a recent 2-year period, the statement of financial position of Jiang Group showed the following equity data at December 31 (amounts in millions).
Instructions
a. Answer the following questions.
1. What is the par value of the ordinary shares?
2. What is the cost per treasury share at December 31, 2023, and at December 31, 2022?
b. Prepare the equity section of the statement of financial position at December 31, 2023.
Transcribed Image Text:
2023 2022 Share premium-ordinary HK$ 891 HK$ 817 Share capital-ordinary 545 540 Retained earnings 7,167 5,226 Treasury shares Total equity (1,428) (918) HK$7,175 HK$5,665 Ordinary shares issued 218 216 Ordinary shares authorized 500 500 Treasury shares 34 27
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
ANSWER a 1 The par value of the ordinary shares is not provided in the given data Wi...View the full answer
Answered By
Abdul Wahab Qaiser
Before working at Mariakani, I volunteered at a local community center, where I tutored students from diverse backgrounds. I helped them improve their academic performance and develop self-esteem and confidence. I used creative teaching methods, such as role-playing and group discussions, to make the learning experience more engaging and enjoyable.
In addition, I have conducted workshops and training sessions for educators and mental health professionals on various topics related to counseling and psychology. I have presented research papers at conferences and published articles in academic journals.
Overall, I am passionate about sharing my knowledge and helping others achieve their goals. I believe that tutoring is an excellent way to make a positive impact on people's lives, and I am committed to providing high-quality, personalized instruction to my students.
0.00
0 Reviews
10+ Question Solved
Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted:
Students also viewed these Business questions
-
The statement of financial position for Diaz Company includes the following accounts: Accounts Receivable .... 12,500; Prepaid Insurance ...... 3,600; Cash ........... 15,400; Supplies .............
-
The statement of financial position of Rodges Corporation follows (in thousands): Instructions Evaluate the statement of financial position. Briefly describe the proper treatment of any item that you...
-
The statement of financial position for Cool Air Ltd. as at the end of 2010 and its trial balance as at the end of 2011 follow: COOL AIR LTD. Statement of Financial Position December 31, 2010 COOL...
-
4. In cells B4:B15, type a yearly salary for each staff member. Format these values as Currency with no decimal places. 5. Calculate the new salary with a 10% increase in column C. 6. Calculate the...
-
A drug response curve describes the level of medication in the bloodstream after a drug is administered. A surge function S(t) = AtPe-kt is often used to model the response curve, reflecting an...
-
What useful information do we obtain from the dividend yield, P/E ratio, M/B ratio, and EBITDA multiple?
-
In this exercise, \(F\) is only assumed continuous on the right, and \(G\left(t^{-} ight)\)is the left-limit of \(G\) at point \(t\). Prove that the process \(\left(M_{t}, t \geq 0 ight)\) defined as...
-
The following CVP income statements are available for Red Company and Blue Company. Instructions (a) Compute the break-even point in dollars and the margin of safety ratio for each company. (b)...
-
1. Draw a graph from following Node-Arc Incidence Matrix. Draw a graph from following Node-Arc Incidence Matrix. 01 06 V2 02 V3 10 V5 V4
-
The inductor of figure has the following dimensions: a = h = w = 1.5cm b = 2cm g = 0.2cm The winding factor (i.e., the fraction of the total winding area occupied by conductor) is fw = 0.55. The...
-
Penzi plc was formed on July 1, 2020. It was authorized to issue 300,000 shares of 10 par value ordinary shares and 100,000 shares of 8% 25 par value, cumulative and non-participating preference...
-
The following data were taken from the statement of financial position accounts of Murless SA on December 31, 2022. Current Assets...
-
Suppose a stock had an initial price of $79 per share, paid a dividend of $1.45 per share during the year, and had an ending share price of $88. Compute the percentage total return.
-
Spinning Gears has reported their beginning materials of $75,800 and ending material inventory of $79,200. In order to produce their 12" gear, they need $500,000 for production. How much in direct...
-
A typical level of sodium in blood is 3.24 mg/mL. What is the millimolar concentration of sodium in blood?
-
Using the link below, determine why you as an international student who has been in Canada for less than a year, has a part time job, and has a credit and debit card from Canada must file an income...
-
In 2013 collected $25,000 from customers for sales made in 2012 and $210,000 for sales made in 2013 . In 2014 it collected $23,000 from customers for sales made in 2013. At that point, all 2012 and...
-
Nordstrom Inc has the income statement shown Below. What is the Net Profit Margin? Round your answers. INCOME STATEMENT Net Sales $31,000,000 Cost of Goods Sold $10,230,000 Gross Profit $20,770,000...
-
Puck 1 sliding along the x -axis strikes stationary puck 2 of the same mass. After the elastic collision, puck 1 moves off at speed v1f in the direction 60.0 above the x-axis; puck 2 moves off at...
-
Let X be a random variable taking on values a1, a2, . . . , pr with probabilities p1, p2, . . . , pr and with E(X) = μ. Define the spread of X as follows: This, like the standard deviation, is a...
-
Robinson, Inc. had outstanding $5 million of 11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $7 million of 15-year, 10% bonds (interest payable July 1 and...
-
On December 31, 2010, Mohr Inc. borrowed $81,241 from Par Bank, signing a $125,000, five- year, noninterest-bearing note. The note was issued to yield 9% interest. Unfortunately, during 2011 Mohr...
-
Strickland Inc. owes Heartland Bank $200,000 plus $18,000 of accrued interest. The debt is a 10-year, 10% note. During 2011, Stricklands business deteriorated due to a faltering regional economy. On...
-
State of the Economy Probability of each state ABC Recession 20% -20% Boom 20% 35% Normal 60% 10% Please calculate the Expected Return for ABC stock and its Variance. . Question 8 options: Expected...
-
The firm Narwhals R Us produces food for narwhals. The business is operating in a competitive industry and experiences the following: marginal revenue = $7 marginal cost = marginal revenue at $7...
-
Y8 Carmichael Cleaners needs a new steam finishing machine that costs $100,000. The company is evaluating whether it should lease or purchase the machine. The equipment falls into the MACRS 3-year...
Study smarter with the SolutionInn App