Reference no: EM132943407
Questions -
Problem 1 - Data relating to the shareholders' equity of Carlo Co. during December 31, 2016 are as follows:
Ordinary share capital, P50 par, 200,000 shares issued 10,000,000
Subscribed ordinary share capital 1,000,000
Share premium 2,500,000
Subscription receivable (1,200,000)
Retained earnings 4,900,000
Revaluation surplus 620,000
Unrealized loss on FVTOCI securities (400,000)
Treasury shares, at cost, 20,000 shares (1,200,000)
Total shareholders' equity 16,220,000
How much is the book value per ordinary shares?
Problem 2 - On January 1 of the current year, Stephanie Company had 200,000 issued and outstanding ordinary shares. The entity had the following transactions during the year:
March 1: Issued 15,000 ordinary shares
April 1: Declared 20% bonus issue
July 1: Reacquired 10,000 ordinary shares to be held in treasury
October 1: Reissued 4,000 treasury shares
The weighted average ordinary shares in computing for the earnings per share would be:
Problem 3 - On January 1 of the current year, Solomon Company had 240,000 issued Ordinary shares and 220,000 of ordinary shares outstanding. The entity had the following transactions during the year:
March 1: Issued 12,000 ordinary shares
March 30: Completed a 4 for 1 share split for the ordinary shares
April 1: Reissued 9,000 of the treasury shares
October 1: Reissued 6,000 treasury shares
The weighted average ordinary shares in computing for the earnings per share would be?