User Account

All Pages

Make shareholders equity section of balance sheet for mac co

Assignment Help Financial Accounting
Reference no: EM132765151

The following select accounts appear in the general ledger for Mac Corporation on December 31, 201F.

Authorized Share Capital, P200 par value, 100,000 shares P 20,000,000

Subscription Receivable 2,800,000

Unissued Share Capital 5,000,000

Subscribed Share Capital (20,000 shares) 4,000,000

Share Premium 200,000

Appropriated for Treasury Shares 107,500

Appropriated for Sinking Fund 500,000

Stock Dividends Distributable (4,750 shares) 950,000

Share Capital from Donation 350,000

Share Capital from Stock Dividend 47,500

Retained Earnings 2,000,000

Treasury Shares (500 shares @ P215) 107,500

Revaluation Increment 50,000

The subscriptions receivable is callable beyond one (1) year.

Problem a. Prepare the Shareholders' Equity section of the balance sheet in good form using the traditional manner of presentation.

Problem b. Prepare the Shareholders' Equity section of the balance sheet in good form using the manner of presentation as recommended by the International Accounting Standards.

Reference no: EM132765151

Questions Cloud

What is a voltage-gated sodium ion channel : As mentioned in the case description, tetrodotoxin is a molecule that blocks voltage-gated sodium ion channels. What is a voltage-gated sodium ion channel.
Authoritative chain of command for crisis management : Discuss and develop an authoritative chain of command for crisis management.
Give the journal entry to record the recapitalization : Give the journal entry to record the recapitalization. Share Capital, P150 par value, authorized 25,000 shares, issued 20,000 shares P 3,000,000
What advantages remain by having manufacturing facilities : With the passage of NAFTA, what advantages remain by having manufacturing facilities still in Canada according to your research and your own judgment
Make shareholders equity section of balance sheet for mac co : Make the Shareholders' Equity section of the balance sheet in good form using the manner of presentation as recommended by the International Accounting
Persuasive messages : Your supervisor disagrees with your suggestion that employees should be allowed to create online profiles in LinkedIn
Compute the capital balances of the partners : The partnership assets and liabilities have book values equal to their fair values. Compute the capital balances of the partners after the admission of Chris
What will be the total liquidity requirement of the bank : Potential loans outstanding & Actual Loans outstanding are $200m and $150m respectively. What will be the total liquidity requirement of this bank?
Discuss about the integrity of human dignity in the care : Ensuring the integrity of human dignity in the care of all patients (This topic for this week). While APA style is not required for the body of this assignment.

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