Reference no: EM133184946
Questions -
1. In 2021, a company issued 6% bonds with a maturity value of P40,000, together with 1,000 shares of its P10 par value ordinary share, for a combined cash amount of P150,000. The market value of the company's share on that date cannot be ascertained. If the bonds were issued separately, they would have been sold for P35,000 on an 8% yield to maturity basis. Determine the increase in share premium as a result of this transaction.
2. On January 1, 2021, a company had 125,000 issued shares and 25,000 treasury shares. During the year, 13,000 treasury shares were reissued. Right after the reissuance of the treasury shares, the company declared a 3-for-1 split. In December 2021, additional 5,000 shares were purchased and placed in treasury. Determine the number of shares issued.
3. On December 31, 2021, the company presented the following information:
|
Ordinary share capital, P50 par
|
P6,000,000
|
|
Share premium
|
300,000
|
|
Retained earnings
|
(1,200,000)
|
The company decided to undergo quasi reorganization. As a result, the company's property, plant and equipment with cost of P8,000,000 and book value of P4,000,000 has recoverable amount of P3,000,000. Also, inventory would be written down by P300,000. The company will redeem its P50 par value ordinary shares and will issue equal number of ordinary shares with P30 par value. Based on the foregoing, determine balance of share premium after the quasi reorganization.
|
Disclosed or undisclosed principal given understanding
: Was Leo authorized to contract with Dan? Why or why not and was Dan a disclosed, parially disclosed or undisclosed principal given your understanding?
|
|
Global trade activities by multinational corporations
: Evaluate how US trade policy changes in the last 2 years affect global trade activities by multinational corporations.
|
|
Create the journal entry to record interest expense
: On February 1, Year 1, Lotrim Company issued 9% bonds, dated February 1, with a face amount of $800,000. Create the journal entry to record interest expense
|
|
Gross Domestic Product
: Domestic economy in the areas of price level, interest rates, consumption, investment, wages, jobs, and gross domestic product (GDP)?
|
|
Determine the increase in share premium
: If the bonds were issued separately, they would have been sold for P35,000 on an 8% yield to maturity basis. Determine the increase in share premium
|
|
Avoidance coping and problem focused coping strategies
: Avoidance coping and problem focused coping strategies - They may feel like they have less time for themselves or less time for leisure/preferred activities
|
|
Compute the cost of the ending inventory
: In its first month of operations, Danielle Company made three purchases of merchandise in the following sequence: Compute the cost of the ending inventory
|
|
How to conduct risk management activities for a project
: Develop appropriate response strategies, including a proposed course of action, to effectively manage each identified risk
|
|
Determine amount of total and per-case overhead allocated
: Determine the amount of total and per-case overhead allocated to each of the three products under generally accepted accounting principles
|