User Account

All Pages

How many shares would be the balance of investment of alpha

Assignment Help Financial Accounting
Reference no: EM132894421

On March 10, 2018, Bravo, Inc. board approved a 15% shale dividends to its shareholders of record on May 1. At the time of dividend declaration, the market value of the shares is 17. Shares were received by the shareholders on June 3, including Alpha. On July 5, 750 shares were sold by Alpha Corporation for 20000.

  • Alpha Corporation has 100,000 shares issued and outstanding; its board approved the distribution of half of its investment in Bravo, Inc as property dividends on August 15 to its shareholders of record as of Sept 1. Alpha Corporation bought 10,000 shares of P10 par value ordinary shares of Bravo, Inc for P184,000 on January 5, 2018. Bravo, Inc has 100,000 shares issued and outstanding.
  • At the date of declaration the fair value of Bravo, Inc shares in the share market was 18.

Problem 1: How many shares would be the balance of investment of Alpha with Bravo after the property dividends were distributed to its shareholders?

Problem 2: How much would be recorded by Alpha Corporation as Dividend Revenue on June 3?

Reference no: EM132894421

Questions Cloud

What is the cost of ownership : What is the cost of ownership when you're building a scheduling system for the hospital in the short term and in the long term?
What is annual rate of interest being charged to hospital : Given this rate of interest, what are some reasons on why or why not the hospital should accept this lease contract. Is this a good deal for the lessee?
What is the carrying amount of the investment : The investee reported net income of 7,000,000 for 2020 and paid dividends of 3,500,000. What is the carrying amount of the investment
Cryptocurrencies eventually replace national currencies : Could bitcoin and other cryptocurrencies eventually replace national currencies?
How many shares would be the balance of investment of alpha : How many shares would be the balance of investment of Alpha with Bravo after the property dividends were distributed to its shareholders?
Do think in case would be acceptable : Do you think, in this case, it would be acceptable to include evidence from these prior situations in your investigation to ensure an arrest and conviction
Development of a new low-featured and low-priced offering : A firm currently offers a single product within the product category. The product management team is considering the development of a new low-featured and low-p
Although distribution strategy applies to brand : Although the distribution strategy applies to a brand, we can safely apply this to retail channels, especially the company stores like Starbucks.
Compute the bill for this repair : In Feb 2021, Floating boat repairs a boat that takes two hours to repair and uses parts of €240. Compute the bill for this repair

Reviews

Write a Review

Financial Accounting Questions & Answers

  How do journalize the entries on january record

How do journalize the entries on January 1, 2018, to record the partners' initial investments? Jack and Will decide to form the JW Partnership.

  What is the annual return-on-equity

Bank earns (annually) a 5% return on its assets and pays 2% interest on its debt and the tax rate is zero, what is the (annual) return-on-equity?

  Evaluated the desirability of replacing the industrial ovens

Using an INCREMENTAL Net Present Value approach, evaluated the desirability of replacing the industrial ovens

  What amount of accrued interest would jackson record

What amount of accrued interest, rounded to the nearest dollar, would Jackson record on its December 31, 2018 Balance Sheet?

  What price should nano stock sell for today

Assuming the dividend payout ratio remains unchanged at 40%, re-estimate Nano's price using Noah's assumptions. Show all calculations.

  Record the declaration of a cash dividend

Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Record the declaration of a cash dividend

  What amount should cobra report for desks

On March 3, Cobra Inc. purchased a desk for $410 on account. On March 22, Cobra purchased another desk for $540 also on account, and then on March 24, Cobra paid $540 on account. At the end of March, what amount should Cobra report for desks (assumin..

  What is the equilibrium expected growth rate

What is the equilibrium expected growth rate? Franklin Corporation is expected to pay a dividend of $1.25 per share at the end of the year (D1 = $1.25).

  Which of the statements best describes tax result to sami

In addition, Sami received stock with a fair market value of $50 in exchange for services she provided to the corporation in the incorporation process. Which of the statements best describes the tax result to Sami as a result of the exchanges?

  Record the general journal entry to record the acquisition

A.) Record the general journal entry to record the acquisition of the equipment on June 1st.

  How to find the retained earnings

Find the Retained earnings. Are the cumulative net profits or losses minus dividends paid since the date of incorporation and are part of shareholders' equity

  What the book value per share on ordinary share is

If White is to be liquidated, the preference shareholders would receive par value plus a premium of P10 per share. The book value per share on ordinary share is

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