User Account

All Pages

How much is the total shareholders equity

Assignment Help Financial Accounting
Reference no: EM133033022

Question - Academia Corp. was incorporated on June 1, 2019 with an authorized 250,000 share of no-par ordinary share capital, stated value P20 and 10,000 shares of 10% preference share capital, par value P45. Transactions affecting company's share capital as of June 30, 2019 were as follows:

June 1 - Issued 40,000 ordinary shares for cash at P25 per share

June 5 - Issued 50,000 ordinary shares in exchange for assets with total market value of P1,200,000

June 15 - Received subscriptions for 100,000 ordinary shares at P28 and 5,000 preference shares at P52

June 25 - Received full payment for subscriptions received on June 15 and the corresponding stock were issued

Required - How much is the total shareholders' equity?

A. 1235000 B. 4025000 C. 5260000 D. 4925000

Reference no: EM133033022

Questions Cloud

How much is the total manufacturing cost of the company : The following are the information for Washington Industries: Purchases for the year 250,000. How much is the total manufacturing cost of the company
Robots for manufacturing purposes : Robotic knows that no other company has entered the Southeast Asian market. Please comment and explain
What role do you think your ethnicity : What role do you think your ethnicity and nationality play when considering individual verses community decisions
What other key decisions does company a : Company A has decided to expand abroad. Now that the decision to internationalize its activities has been made, what other key decisions does Company
How much is the total shareholders equity : June 25 - Received full payment for subscriptions received on June 15 and the corresponding stock were issued. How much is the total shareholders equity
Example of the legal and ethical frameworks : -Provide an example of the legal and ethical frameworks of the following: (international, national state/territory, local) relevant to community services work,
Statesmanship model : You will apply the Statesmanship model you discussed in Module 1 to a real, specific public administration context.
What will be the increase in net income of this company : Calculate degree of leverage [DOL] and if sales increases by 15%, what will be the increase in net income of this company
Stage of project management : Provide a meaningful one-page summary of information on all the necessary and relevant activities involved in the implementation (execution) stage of project ma

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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