At what amount share premium-preference account increase

Assignment Help Financial Accounting
Reference no: EM132947781

Question - On February 14, 2020 DAVID Co. issued 60,000 shares of its P100 par value ordinary shares and 40,000 shares of its P50 par value preference shares for a total amount of P9,000,000. As of February 14, DAVID's ordinary shares were trading at P140 while its preference shares were selling at P90 per share. At what amount would the "Share Premium-Preference" account would increase as a result of the transaction?

Reference no: EM132947781

Questions Cloud

What are Khan net profit or loss in US dollar : If the spot rate of the Singapore dollar in one year is $.6892, what are Khan's net profit (or loss) in U.S. dollar and percentage return from his strategy
What do you understand by the term linear programming method : What do you understand by the term linear programming methods? Use an example of linear programming problem to support your answer
At what amount should the bond investments be shown : At what amount should the bond investments be shown on December 31, Year 2 statement of financial position
Design a performance measurement reward system : Design a performance measurement reward system that would encapsulate a rather "more balanced" approach in awarding of bonuses
At what amount share premium-preference account increase : At what amount would the "Share Premium-Preference" account would increase as a result of the transaction
What amount should be reported as cost of goods sold : On December 31, 2019, the balance of the inventory account was P500,000. What amount should be reported as cost of goods sold
How will you do its due diligence : XYZ Ltd is a beekeeping company and it comes your bank for Term Loan of Rs 10 crores. How will you do its due diligence
Determine the function which expresses the book value : A city purchased a new asphalt paving machine for RM300,000. Determine the function which expresses the book value
What the Larkspur should report an unamortized bond discount : On January 1, Larkspur, Inc. issued $5250000, 9% bonds for $4930000. What the Larkspur should report an unamortized bond discount

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare adjusted trial balance after considering adjustments

Deborah Consultants had the following balances before passing adjusting entries in the books on December 31, 2015. Cash $6,000 Deborah, Withdrawals $3,000 Accounts Receivable 2,000 Service Revenue 10,600 Office Supplies 1,800 Salaries Expense 4,000. ..

  What the firm weighted average cost of capital

A firm is financed using 25% debt and 75% equity. If the cost of debt is 8% pa and the cost of equity 11% pa, the firm's weighted average cost of capital

  What is operating profit margin and asset turnover

What is operating profit margin and asset turnover, and explain how each of these ratios can be used to help division managers improve ROI.

  How is the value of a bond determined

How is the value of a bond determined? What is the value of a 10-year, $1,000 par value bond with a 10% annual coupon if its required rate of return is 10%

  Find which anomaly to efficient market hypothesis documented

Which anomaly to the efficient market hypothesis documented by BALL and Brown (1968)? post earning-accounting drift. / the accruals anomaly

  Show the ending balance of retained earnings

Assume that the ATB also shows normal balances for interest expense and interest payable of $300 each, that the balance for Cash.

  Generate a Balance Sheet for November

Generate a Balance Sheet for November 30th assuming no other transactions occurred for the month other than those noted above

  Partnership and bankruptcy

Cleary, Wesser, and Nolan formed a partnership on January 1, 2012, with investments of $ 100,000, $ 150,000, and $ 200,000, respectively. For division of income, they agreed to (1) interest of 10% of the beginning capital balance each year, (2) annua..

  Estimate the value of the call option

The risk-free rate of interest is 4% per annum. Use the Black-Scholes option pricing model to estimate the value of the call option.

  How many months will it take richard to have the money

The complete cost of the tires is $825. He can save $75 per month, how many months will it take Richard to have the money for his new tires

  Combine several stock items into an assembled item

The inventory item class used to combine several stock items into an assembled item is called the:

  What is the projects npv if the tax rate

Recouped at the end of the project. The annual operating cash flow is $86,527 and the cost of capital is 7% What is the project's NPV if the tax rate is 37%?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd