Reference no: EM133072786
Question - On 1 July 2020, ABT Ltd had the following two equity accounts on its Balance sheet:
Share Capital (6,000,000 shares) $30,000,000
Retained Earnings $17,000,000
The following events and transactions relate to ABT Ltd for the financial year ending 30 June 2021.
31/12/2020 ABT Ltd has been operating successfully and the current market price is $12 per share. On 31 December 2020, the company declared a 5% share dividend and $12 was the value assigned to the shares.
The share dividend was distributed in January 2021.
20/01/2021 Issued the shares for the share dividend.
30/06/2021 For the financial year ending 30 June 2021, ABT Ltd recorded a profit after income tax of $15,000,000. On 30 June 2021, $2,000,000 was transferred from Retained Earnings to General Reserve to provide for future business expansion.
30/06/2021 Declared a final cash dividend of 30 cents per share.
Required -
1. Prepare the general journal entries relating to the share dividend on 31/12/2020 and 20/01/2021. [Narrations are not required].
2. Prepare the Equity section of the Balance Sheet of ABT Ltd as at 30 June 2021.
|
What is the price of the coupon bond
: You're the corporate treasurer and have to pay $100million on 3 years. You want to remove any risk and identified two bonds to invest in:
|
|
What is the invoice price
: The bond has a coupon rate of 6.71 percent, it makes semiannual payments, What is the invoice price
|
|
What is the fx equity exposure of rp
: Rebel and Partners (R&P) has an enterprise value of VBUSDGroup of answer choices1.40 1.87 0.87 2.45 = 25 million; its total net debt is USD 5 million, USD 2 mil
|
|
What is the net cash provided by operating activities
: Increase in Due from NGA P51,000, Increase in Office Supplies inventory 25,000. What is the Net Cash Provided by Operating Activities on December 31, 2020
|
|
Prepare general journal entries relating to share dividend
: Prepare the general journal entries relating to the share dividend on 31/12/2020 and 20/01/2021. [Narrations are not required]
|
|
How much money did she lend martha 3 years ago
: Romba, a smart money lender, offers personal loans at an interest rate of 6% compounded annually. How much money did she lend Martha 3 years ago, if Martha owes
|
|
Determine the government payment to the bank
: Home Loan: The federal government has a program to aid low-income homeowners in urban areas. This program allows certain qualified homeowners to obtain low-inte
|
|
Critical component of understanding infection rates
: Antibiotic resistance is a critical component of understanding infection rates. How does the World Health Organization define pandemic?
|
|
Calculate the npv of the project using the fte method
: CBC Inc. invests in a project that requires a machine of $39,000 and will generate annual taxable cash flow of $7,200 for 10 years. The machine has a CCA rate o
|