User Account

All Pages

How much expense is charged to share premium

Assignment Help Accounting Basics
Reference no: EM133127820

Question - On August 31, 2020, Laida Corporation purchased all the net assets of Magtalas Corporation by transferring cash of P500,000 and issuing 40,000 ordinary shares with par value of P50 (current fair value is P60). The following are expenses incurred and paid by Laida Corporation in connection with the business combination on the date of acquisition:

Underwriting costs P10,000

Consultant's fees 20,000

Newspaper publication fees 5,000

SEC registration fees 8,000

Stock exchange listing fees 5,000

Indirect acquisition costs 12,000

Required - How much expense is charged to share premium?

Reference no: EM133127820

Questions Cloud

Teaming across distance and culture : What are the major effects of the physical separation of group members? How can distance, in some cases, be beneficial to groups and teams?
Determine the amount of income or loss from each entity : The trust received dividends of $16,000 and made distributions of $4,500 to G Jr. Determine the amount of income or loss from each entity
Calculate manufacturing overhead rates : Currently, overhead is applied at the rate of $28.0/DLH. Calculate manufacturing overhead rates that would be applied to bicycles produced
Advantages and disadvantages of sole proprietorship : List the five advantages and disadvantages of Sole Proprietorship. In one paragraph explain what a "Target Market" is and give an example of a target market.
How much expense is charged to share premium : Laida Corporation purchased all the net assets of Magtalas Corporation by transferring cash of P500,000. How much expense is charged to share premium
Accountability issues faced by intrapreneur : Being an entrepreneur within an organization may provide financial benefit. That being said, what are some of the accountability issues faced by intrapreneur ?
Risky business-estimated cash flow : Comparing all methods. Risky Business is looking at project with the following estimated cash flow:
What is the standard product cost per unit : Budgeted Overhead: 700,000 (includes Budgeted VOH of 500,000) at normal capacity of 10,000 DL hours. What is the Standard product cost per unit
Working for leading cosmetics manufacturer : What should Hina do as she is working for a leading cosmetics manufacturer and has to prove herself by following the directions given?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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