How many shares of ordinary share capital were issued

Assignment Help Financial Accounting
Reference no: EM132949244

In 2019, Blue Corporation issued 15,000 shares for P 110 per share of P 100 par convertible Preference share. One share of Preference share may be converted into three shares of P 25 par Ordinary share at the option of the Preference shareholder. On December 31, 2019, all of the Preference shares were converted into Ordinary shares. The market value of the Ordinary share at the conversion date was P 40 per share.

Question 1: How many shares of Ordinary share capital were issued at the conversion date?

Question 2: is there an indicated gain or an indicated loss?

Question 3: how much is the indicated gain (loss)?

Reference no: EM132949244

Questions Cloud

Amount of overhead costs assigned to the standard model : What is the total amount of overhead costs assigned to the deluxe model and what is the total amount of overhead costs assigned to the standard model
Prepare a statement of financial position for viviane : At the end of December 31, 2020, the fair market value of the Trading Securities amount. Prepare a Statement of Financial Position
What is the par value per share of common stock : The information on the following page was obtained from the records of Breanna Inc.: What is the par value per share of common stock
Compute the book value per share for the preference share : Compute the book value per share for the Preference share assuming dividends are in arrears for 3 years including the current year.
How many shares of ordinary share capital were issued : How many shares of Ordinary share capital were issued at the conversion date? Is there an indicated gain or an indicated loss?
Write the journal for the sale of the Van on June : Assume that the company uses straight line method for charging depreciation expense (Show your calculations clearly) Write the journal for the sale
Discuss the measurement and recognition requirements : Review the most recent financial statements of a listed Australian firm provided by your instructor. Provide discussions about the measurement
How much is total contributed capital of anthor corporation : How much is the total contributed capital of Anthor Corporation to be shown on its Dec. 31, 2019 Statement of Financial Position?
What amount should be charged to the Accumulated Profits : What amount should be charged to the Accumulated Profits and Losses account as a result of the share dividend

Reviews

Write a Review

Financial Accounting Questions & Answers

  How long will it take you to pay off your loan

If the interest rate is 6 percent compounded monthly and you make monthly payments of $250, how long will it take you to pay off your loan

  What alternatives are available to swift

What alternatives are available to Swift? What action would you take if you were in his position? Why did you make this choice?

  Discuss liquidity issues of competitive companies

Are there any factors that could be erroneously influencing the results of the ratios? Discuss liquidity issues of competitive companies within the same industry.

  Identify a real-life outsourcing decision that has been made

Identify a real-life outsourcing decision that has been made. Identify the specific reasons for the outsourcing. Discuss the efficient market hypothesis.

  Determine the floating-rate loans

Determine the Floating-rate loans. The Bensington Glass Company entered into a loan agreement with the? firm's bank to finance

  Lowest possible valuation for federal income tax purposes

An Executor would not price an asset at the lowest possible valuation for federal income tax purposes because: In the Hilton family: If Richard gives Kathy a special power of appointment in favor of Paris Hilton than what are each of these people cal..

  What amount will ana receive if the net income earned

What amount will Ana receive if the net income earned is P 470,000? Salary allowances as follows: Adah - P 50,000 and Ana - P 80,000.

  Is the testimony valid

The decedent, father of the infant Plaintiff, was killed in a train accident. Testimony showed he was a good and reliable man. Through a representative, the decedent’s surviving child, age five, recovered judgment against the railroad (Defendant). Is..

  Compute cost of goods manufactured and cost of goods

Compute cost of goods manufactured and cost of goods sold - Flow of costs through a manufacturers inventory account

  What is intrinsic price per share or worth of one share

the growth rate will be 6% forever. If the dividend per share last year was Rs. 2 and the investors required rate of return is 10% pa, what is intrinsic price per share or the worth of one share.

  Cash flow from operating activities

Which of the following would be a cash flow from operating activities?

  How will the transaction appear on the richardson january

Employees of Richardson Co. worked the week, How will this transaction appear on the Richardson's January statement of cash flows?

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