TINT Corporation presents the following condensed statement of financial position as of the close of the...
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TINT Corporation presents the following condensed statement of financial position as of the close of the year: Accounts Payable Ordinary Share Capital Requirements: Cash Other Assets P520,000 1,333,000 Total Assets P1,853,000 The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are fully participating. The par value of all shares is 100. C. Compute for the book value per share for: 5 Ordinary shares 6. a. 5% Preference shares b. 7% Preference shares 5% Preference Share Capital 7% Preference Share Capital Accumulated Profits Total Equities Requirements: Problem 3: The shareholders' equity of HUE Corporation on December 31 of the current year is shown below. Dividends are in arrears for two years. Share Premium-Ordinary, no-par Share Premium-Preference 6% Preference Share Capital, P100 par, 10,000 authorized, issued 6,000 shares Ordinary Share Capital No-par, P25 stated value, authorized 20,000 shares; issued 10,000 shares of which 1,000 shares are in the treasury 550,000 550,000 330,000 220,000 203,000 P1,853,000 Accumulated Profits Appropriated for Plant Expansion Appropriated for Treasury Shares Treasury Shares-ordinary no-par, 1,000 sh. at cost D. Compute for the ff Z a. Compute for the number of outstanding shares-preference b. Compute for the number of outstanding shares-ordinary 8. a. Compute the amount of the outstanding shares-preference b. Compute the amount of the outstanding shares ordinary 9. Compute the excess over par 10. a. Compute for the book value per share-preference b. Compute for the book value per share-ordinary 600,000 250,000 46,000 30,000 132,000 35,000 30,000 30,000 TINT Corporation presents the following condensed statement of financial position as of the close of the year: Accounts Payable Ordinary Share Capital Requirements: Cash Other Assets P520,000 1,333,000 Total Assets P1,853,000 The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both are fully participating. The par value of all shares is 100. C. Compute for the book value per share for: 5 Ordinary shares 6. a. 5% Preference shares b. 7% Preference shares 5% Preference Share Capital 7% Preference Share Capital Accumulated Profits Total Equities Requirements: Problem 3: The shareholders' equity of HUE Corporation on December 31 of the current year is shown below. Dividends are in arrears for two years. Share Premium-Ordinary, no-par Share Premium-Preference 6% Preference Share Capital, P100 par, 10,000 authorized, issued 6,000 shares Ordinary Share Capital No-par, P25 stated value, authorized 20,000 shares; issued 10,000 shares of which 1,000 shares are in the treasury 550,000 550,000 330,000 220,000 203,000 P1,853,000 Accumulated Profits Appropriated for Plant Expansion Appropriated for Treasury Shares Treasury Shares-ordinary no-par, 1,000 sh. at cost D. Compute for the ff Z a. Compute for the number of outstanding shares-preference b. Compute for the number of outstanding shares-ordinary 8. a. Compute the amount of the outstanding shares-preference b. Compute the amount of the outstanding shares ordinary 9. Compute the excess over par 10. a. Compute for the book value per share-preference b. Compute for the book value per share-ordinary 600,000 250,000 46,000 30,000 132,000 35,000 30,000 30,000
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C Compute for the book value per share 1 For 5 Preference shares Book value per share Preference Share Capital Accumulated Profits Number of Preferenc... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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