User Account

All Pages

Make the journal entries to record the foregoing transaction

Assignment Help Accounting Basics
Reference no: EM133123296

Question - Red mama Company has 100,000 shares of P10 par ordinary share outstanding. In declaring and distributing a 50% bonus issue, Red Mama initially issued only 45,000 new shares; the other shares were not issued because some investors did not own Red Mama shares in even multiples of 2. To these shareholders, Red Mama issued fractional share warrants. Subsequently, 80% of the fractional share warrants were turned in for full shares. Make the journal entries to record the foregoing transactions.

Reference no: EM133123296

Questions Cloud

Write leadership literature review : Write a Leadership Literature Review paper based on the leadership theories presented in this course.
Identify three inherent risks for hb : Recently, HB started to produce hand sanitisers in response to the global shortage. Identify three (3) inherent risks for HB
How much is the amount of bonus to key executive employees : The tax rate is 30% and net income before bonus and income tax was P3,150,000. How much is the amount of bonus to key executive employees
Does the government have private-purpose funds : Does the government have private-purpose funds? If so, list them. Describe the purposes for which they exist
Make the journal entries to record the foregoing transaction : Subsequently, 80% of the fractional share warrants were turned in for full shares. Make the journal entries to record the foregoing transactions
Record the issuance of the bonds on september? : Record the issuance of the bonds on September? 30, 2020?, the accrual of interest at December? 31, 2020?, and the? semi-annual interest payment on March?
What is your holding period return : The stock pays an annual dividend of $.10 per share. Today, you sold all your shares for $46.71 per share. What is your holding period return
What is the amount of depreciation expense : Assuming straight-line method of depreciation with $4,000 salvage value and 8 year useful life, what is the amount of depreciation expense
Describe the purpose of an internal control framework : You notice that the office operates with no rules or internal controls built into the practice's operations. Describe the purpose of Internal control framework

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