FREE Trial

LUCIA Co. has the following information related to its accounts as of December 31, 2020: Ordinary share capital, par value

This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!

Question:

LUCIA Co. has the following information related to its accounts as of December 31, 2020:

Ordinary share capital, par value P50

1,000,000 rupees

Preferred share capital, par value P30

450.000

First issue – ordinary

400.000

Issue premium – preference

120,000

Retained earnings

250.000

Treasury shares – common, P55 cost per share

275.000


What is the number of shares outstanding for each share class?

Expert Answer:

Answer rating: 100% (QA)

To determine the number of shares outstanding for each s View the full answer


answer-question
Related Book For  answer-question
Accounting

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

See More Books
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Posted Date: June 05, 2023 03:26:47
See More Questions

Students also viewed these accounting questions

Q:
The Bigfork Company is a retail company that began operations on January 1,2018. The Bigfork Company is authorized to issue 1,000,000 shares of P10 par value ordinary share and 500,000 shares of 3%,...
A:
Click to View...
Q:
A bakery with a December 31 st year end purchased new equipment on October 31 st 2000 for $10,000. This was their first equipment purchase. Required: What are the tax consequences if the equipment is...
A:
The tax consequences for the sale of the equipment would be as follows If the equipment is sold for 3 000 the business would realize a capital loss of 7 000 If the equipment is sold for 8 000 the busi......
Q:
The following financial statements and information are available for Blythe Industries Inc. Additional Information 1. Sold land that cost $40,000 for $44,000. 2. Sold equipment that cost $30,000 and...
A:
Transactions Effect on Cash Flow Cash Received from Sales Sales of 1 050 000 Increase in Accts Rec of 18 200 1 031 800 Merchandise Sold 766 500 Increa......
Q:
12 7. In a group of 7 employees and 5 non-employees, four people must be chosen to ride together in a company vehicle with four seats. How many seating arrangements are possible if at least two...
A:
Click to View...
Q:
Describe eight individual preventive stress management methods.
A:
Individuals can practice learned optimism which is......
Q:
Under the decimal system of computing time worked at Carman's Company, production workers who are tardy are "docked" according to the schedule shown below. Minutes Late in Ringing inFractional Hour...
A:
a Hours worked each day Monday 7 6 10 hours......
Q:
The following dialogue contains at least fifteen arguments. Translate each into symbolic notation, and then interpret them in light of the eight argument forms presented in this section. A Little...
A:
Let s translate each argument into symbolic notation and then analyze them using the eight argument forms Liz says I can only talk for a minute and I m afraid I m going to fail the bio midterm tomorro......
Q:
In a Las Vegas casino, an employee discovered a flaw in the accounting system. The accounts payable clerk discovered that he was able to change the names of vendors in the computer system to his...
A:
The kind of fraud being committed is cash theft through fraudulent disbursements check tamp......
Q:
Background of the Germany and Australia (Historical, Political, economic) Body You need to compare and contrast the IR/ER system of Germany and Australia based on the outline given below. (Find...
A:
Comparing and contrasting the industrial relations and employment relations IR ER systems of Germany and Australia involves examining their historical political economic and societal contexts Below I......
Q:
Steam Stripping and Number of Trays. A relatively nonvolatile hydrocarbon oil contains 4.0 mol % propane and is being stripped by direct superheated steam in a stripping tray tower to reduce the...
A:
Click to View...
Q:
A prismatic bar with rectangular cross section (20 mm x 40 mm) and length 2.8 m is subjected to an axial force P-70 kN that produces an elongation 6-1.2 mm. Two stress elements, A and B are...
A:
Click to View...
Q:
Write each expression in the form 2kx or 3kx for a suitable constant k (b) (+4)* (a) 81* (c)
A:
a 81 x b 4 sqrt 4 x 2 1 2x c......
Q:
You want to endow a scholarship that will pay $11,000 per year forever, starting one year from now. If the school's endowment discount rate is 5%, what amount must you donate to endow the...
A:
To calculate the amount you must donate to endow the scholarship we can use the concept of present v......
Q:
Discuss the FMRA of 2012. How did the Act change the regulation of UAS? 5.2 What is the FAA's "toolbox?" 5.3 List and discuss the three tools the FAA uses to administer the FARs. 5.4 The FAA has...
A:
5 1 FMRA of 2012 and Regulation of UAS The FMRA Federal Modernization and Reform Act of 2012 was a significant piece of legislation in the United States that had a substantial impact on the regulation......
Q:
the amount of cash and cash The chief accountant of Latte Company is determining equivalents to be reported on its December 31, 2013 statement of financial position. She found out that the "Cash and...
A:
PART 1 Cash and cash equivalents Savings account with Allied Bank As Per books P900 000 Custom......
Q:
A standard synthetic CDO references a portfolio of 10 corporate names. Assume the following. The total reference notional is X, and the term is Y years. The reference notional per individual...
A:
When default correlations between individual reference credit names are reduced from 1 0 to 0 7 the......
Q:
Problem 3 (5 points): A CI engine with bore B 7.2 cm has the fuel injectors mounted in the center of the cylinder head. The injectors have a nozzle diameter of 0.07 mm, a discharge coefficient of...
A:
The velocity can be calc......
Q:
The value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of the dividends the investor receives each year while holding the stock and the...
A:
1 Price of Hubbard stock 1 1 1 04 0 12 0......
Minimally Processed Foods Technologies For Safety Quality And Convenience 1st Edition - ISBN: 3319106767 - Free Book