User Account

All Pages

Find how total contributed capital amounted to

Assignment Help Financial Accounting
Reference no: EM132745416

Berry Corporation has 50,000 shares of P10 par ordinary shares authorized. The following transactions took place during 2015, the first year of the corporation's existence:

Sold 5,000 ordinary shares for P18 per share
Issued 5,000 ordinary shares in exchange for a patent valued at P 100,000

Problem 1: At the end of the Berry's first year, total contributed capital amounted to

a. P 40,000       c. P 100,000
b. P 90,000       d. P 190,000

Reference no: EM132745416

Questions Cloud

Compute Winslow manufacturing overhead budget : Fixed overhead costs are $46,500 per quarter. Compute Winslow's manufacturing overhead budget for the first two quarters
Find what portion of proceed should be credited to ordinary : Ribbon Company issued 10,000 of its 6% preference share; What portion of the proceeds should be credited to ordinary share warrants outstanding?
Disruptive innovator for an organization : What is the greatest risk of being a disruptive innovator for an organization? How must the firm consider the actions of its rivals?
Define quality : Considering your definition and the materials you reviewed this module, why is quality so important to an organization?
Find how total contributed capital amounted to : Berry Corporation has 50,000 shares of P10 par ordinary shares authorized. At the end of the Berry's first year, total contributed capital amounted to?
What will be the return on equity and return on asset : What will be the return on equity and return on asset (weighted average cost of capital) with the proposed change assuming no-tax world
Why tqm is applicable or not applicable in a childcare : Outline and discuss with examples why TQM is applicable or not applicable in a childcare?
What quarterly rate of return does the market require : What quarterly rate of return does the market require on this stock? Omega Healthcare Investors (ticker symbol, OHI) pays a dividend on its Series B
Managing resources and operations : Provide environmental scanning of current conditions in the area of expansion including economy, competition, political stability, and so forth.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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