At what amount would the account would increase as a result

Assignment Help Financial Accounting
Reference no: EM132945986

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: EM132945986

Questions Cloud

What is the yield to maturity : The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $989. What is the yield to maturity
Ethical dilemma for a community service : Ethical dilemma for a community service worker in a professional context - Demonstrate a clear ethical decision-making process
What the share capital-ordinary : Share premium-ordinary 600,000. If a 100% share dividend were declared and distributed, share capital-ordinary would be
Find How much profit did Mr Jorus make : At the end of the year the exchange rate became 105.82 yen per dollar. How much profit did Mr. Jorus make (USD, no cents)?
At what amount would the account would increase as a result : At what amount would the "Share Premium-Preference" account would increase as a result of the transaction
Determine part of the return due to change in stock price : Determine the part of the return due to the change in stock price? Suppose you are a euro-based investor who just sold Microsoft shares.
Calculate the quality spread differential for alpha company : Assuming more realistically that a swap bank is involved as an intermediary. Assume the swap bank is quoting. Calculate the quality spread differential (QSD)
How much is the realized gross profit recognized in the year : Subsequent cash collections during the period amount to 6,000. How much is the realized gross profit recognized in the year of sale
How crucial has diversification been to apple : 1. How crucial has "Diversification" been to Apple throughout its history? Explain.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Discuss the abc company report on the balance sheet

How much should the ABC Company report on the balance sheet for the investment in Ronco at the end of 2016

  Cash receipt activities to the internal control principle

Match each of the following cash receipt activities to the internal control principle to which it best relates. Enter the appropriate letter in the space provided. A list of checks received in the mail is prepared. Total cash receipts are compared to..

  Advanced corporate finance

2.       Discuss the four major conflicts that may occur with the objective of shareholder value maximization.  For each conflict explain why it arises, provide an example, and discuss at least one way the  conflict can be mitigated: a.       Stockh..

  Show the stockholders equity section of the balance sheet

Prepare the stockholders' equity section (including schedules of retained earnings and additional paid-in capital) of the balance sheet of Pina Corporation

  How peachtree complete accounting handles processing

Describe how Peachtree Complete Accounting handles processing the accounting transactions and recording business activities for the revenue, expenditure and financing cycles.

  Calculate the project npv for each of the discount rates

$5,000,000 and would generate annual net cash inflows of $1,000,000 year for 8 years. Calculate the project's NPV for each of the discount rates

  Find what effect will the error have on net income

Due to a lack of communication, two different teams count the samesection of the warehouse. What effect will this error have on net income?

  What would be average payables and the nominal cost

If the firm did not take discounts but did pay on the due date, what would be average payables and the nominal and effective costs of nonfree trade credit?

  Which accounting concepts should be considered

If an owner takes goods from the inventory for personal use, which of the following accounting concepts should be considered?

  What is the effective rate for the line of credit

Sunland Cosmetics management is setting,If firm borrows $1.5 million on the day the loan agreement is signed, what is the effective rate for the line of credit?

  Determine what was net income

What was net income?For XYZ Clothing Stores, cash outflow from investing was P50,000. Cash inflow from financing was P13,000.

  What should have an average collection period of

It should be related to the firm's credit terms. For example, a firm that allows terms of 2/10, n/30 should have an average collection period of

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