Reference no: EM133126276
Questions -
Q1. Related data of Mariah Company:
Authorized share capital 5,000,000
Retained earnings appropriated 600,000
Retained earnings unappropriated 300,000
Revaluation surplus 200,000
Share premium 500,000
Subscribed share capital 1,000,000
Subscription receivable 400,000
Treasury shares 250,000
Unissued share capital 2,000,000
How much is the Shareholders' equity?
Q2. Artista issued additional shares of 10,000 in exchange of an equipment.
Par value of the share is 20.
Fair value of the share is 30.
Fair value of the equipment is 350,000.
How much is the share premium?
Q3. Artista issued additional shares of 500 for the service rendered by the independent CPA of the corporation in relation to Organization cost.
Contract with the CPA is 10,000
Fair value of the shares is 30 each.
Par value is 20 each.
How much is the share premium?
Q4. Argentina Company undertakes an initial public offering (IPO) for the listing & issuance of 60,000new shares and listing of 40,000 old existing shares.
Related costs:
Consultant fee - PR P60,000
Documentary stamp tax 10,000
Listing fee 300,000
Newspaper publication fee 200,000
Fairness Opinion & valuation report 130,000
Other joint costs 375,000
SEC filing fee 15,000
CPA and legal fees 420,000
Underwriting fees 120,000
Total 1,630,000
a. How much is the share premium?
b. How much is the share listing fee?