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- Mara Company provided the following data at year-end:Authorized share capital 5,000,000Unissued share capital 2,000,000Subscribed share capital 1,000,000Subscription receivable 400,000Share premium 600,000Retained earnings unappropriated 600,000Retained earnings appropriated 300,000Revaluation surplus 200,000Treasury shares, at cost 150,000What total amount should be reported as shareholders’ equity?94. Mara Company provided the following data at year-end: * Authorized share capital Unissued share capital Subscribed share capital Subscription receivable Share premium Retained earnings unappropriated Retained earnings appropriated Revaluation surplus 5,000,000 2,000,000 1,000,000 400,000 500,000 600,000 300,000 200,000 100,000 Treasury shares, at cost What total amount should be reported as shareholders' equity? O A. 4,800,000 O B. 4,900,000 O C. 5,100,000 O D. 5,500,000Charice Company revealed the following shareholder’s equity at year end:Preference share capital, P100 par 2,300,000Share premium – PS 805,000Ordinary share capital, P15 par 5,250,000Share premium 2,750,000Subscribed ordinary share capital 500,000Retained earnings 1,900,000Note payable 4,000,000Subscription receivable - ordinary 400,000How much is the legal capital?
- The accounts below appear in the December 31,2020 trial balance of Luna Company: Authorized share capital 30,000,000 Unissued share capital 5,000,000 Subscribed share capital 3,000,000 Subscription receivable 1,000,000 Share premium 10,000,000 Retained earnings unappropriated 6,000,000 Retained earnings appropriated 2,000,000 Revaluation surplus 4,500,000 Treasury shares, at cost, 1,500,000 In its December 31, 2020 statement of financial position, Luna should report total equity at:An entity provided the following shareholders' equity at year-end:Ordinary share capital, P100 par, 72,000 shares 7,200,000Subscribed ordinary share capital, 12,000 shares 1,200,000Subscription receivable 400,000Treasury shares, 4,000 at cost 600,000Retained earnings 2,000,000What is the book value per ordinary share?HHH Company provided for the following shareholders’ equity on December 31, 2020: Share capital, P100 5,000,000 Share premium 1,000,000 Retained earnings unappropriated 1,500,000 Retained earnings appropriated for contingencies 500,000 Revaluation surplus 800,000 8,800,000 Compute for the book value per share on December 31, 2020
- Avengers Company provided the following current assets and shareholders' equity at year-end: Cash 600,000 Financial assets at fair value through profit or loss, including cost of P300,000 of Avengers Company shares Accounts receivable 1,000,000 3,500,000 1,500,000 6,600,000 Inventory Total current assets Share capital 5,000,000 Share premium Retained earnings Total shareholders' equity 2,000,000 500,000 7,500,000 3. What amount should be reported as total shareholders' equity?The accounts below appear in the December 31, 2020 trial balance of Moon Company: Authorized share capital P5,000.000 Unissued share capital 2,000,000 Subscribed share capital 1,000,000 Subscription receivable 400,000 Share premium 500,000 Retained Earnings unappropriated 600,000 Retained Earnings appropriated 300,000 Revaluation surplus 200,000 Treasury shares at cost 100.000 In its December 31, 2020 statement of financial position, Moon should report total shareholders' equity at?Persistence Inc. provided the following information at year end: Share capital 15,000,0000 Share premium 5,000,000 Treasury shares, at cost , 2,000,000 Actuarial loss on defined benefit plan 1,000,000 Retained earnings unappropriated 6,000,000 Retained earnings appropriated 3,000,000 Revaluation surplus 4,000,000 Cumulative translation adjustment - credit 1,500,000 What amount should be reported as total shareholders' equity?A. 31,500,000B. 30,500,000C. 28,500,000D. 26,500,000
- 1. Avalanche Inc. revealed the following information for the year ended December 31. 2021 Preference share. P100 par-P2.4 million; Share premium, preference - P700,000; Ordinary share, P15 par-P3.5 million, Share premium, ordinary-P1.5 million. Subscribed ordinary share - P100,000, Retained earnings - P2 million, Subscription receivable, ordinary - P20,000 How much is the legal capital? A.P6 million B.PB 1 million CP5.9 million D.P8 2 million 2.At the beginning of 2021, DAI Corp. was organized with authorized capital of 200,000, P500 par value shares. The following transactions transpired during its first year of business. February 4- Issued 15.000 shares at P510 per share April 10- Issued 3,000 shares for services received (FMV of the services is P1.7 million). October 23-Issued 5,000 shares in exchange for a land (FMV) the land is P3 million) What amount should be reported as share premium? A.11.500.000 B. 23.000 C.850.000 D.12.350.000 3. At the beginning of 2021, DAI Corp. was…Roma Company provided the following shareholders’ equity at year-end:Preference share capital, P100 par, 100,000 sharesAuthorized and 80,000 shares issued8,000,000Ordinary share capital, P50 par, 500,000 sharesAuthorized and 200,000 share issued10,000,000Share premium2,000,000Retained earnings5,000,000The preference dividends are in arrears for two years and the preference rate is 12%.The preference share is cumulative and fully participating.The board of directors intended to pay cash dividend of P10 per share to ordinaryshareholders.Required:Compute the maximum amount of dividend to be declared in order to meet the dividendobjective of the board of directors.An entity provided the following information at year-end: Preference share capital, at par 2,000,000 Ordinary share capital, at par 3,000,000 Share premium 1,000,000 Sales 10,000,000 Total expenses 7,800,000 Treasury shares at cost – ordinary 500,000 Dividends 700,000 Retained earnings – beginning 1,000,000 What ending balance of Retained Earnings should be reported at year-end?