Reference no: EM132204935
Question - On January 1,2018 black corporation has the following equity accounts in its ledger:
6% preference shares, P100 par, 2,000 shares issued P200,000
Ordinary shares, P50 par, 12,000 shares issued 600,000
The following equity transactions took place in 2018:
Jan. 31 Paid the annual dividend of the preference shares. This was properly recorded when declared on Dec.31 of the previous year.
Mar. 31 Declared a P2 per share cash dividend on the ordinary shares.
April 30 Paid the cash dividend declared on March 31.
June 30 Declared a 15% share dividend on the ordinary shares. The market price of the ordinary share on this date is P60
July 31 Issued the share dividend declared on June 30
Sept. 30 Declared a P2 per share cash dividend on the ordinary shares.
Octorber 31. Paid the cash dividend declared on September 30.
December 31. Declared the annual dividend of the preference shares.
Required: Prepare journal entries to record foregoing transactions.
|
What can be deducted on her final income tax return
: The property had an adjusted basis of $270,000, a fair market value of $284,000, suspended losses of $25,000. What can deducted on her final income tax return
|
|
About the article relating to human resource management
: Explain how the article impacts your selecting HRM final project topic and provide your own conclusion about the article relating to Human Resource Management.
|
|
Determine taxable income in each of the instances
: Book income of $152,000 including municipal bond interest of $4,000, Determine taxable income in each of the following instances
|
|
Describe step in the formal employment interview process
: Which statement would LEAST describe a step in the formal employment interview process? Which BEST describes a problem identification meeting?
|
|
Prepare journal entries to record foregoing transactions
: On January 1,2018 black corporation has the following equity accounts in its ledger: Prepare journal entries to record foregoing transactions
|
|
Prepare journal entries on the date of declaration
: Pink Corporation has 40,000 P100 par, ordinary shares issued and outstanding. Prepare journal entries on the date of declaration and on the date of issuance
|
|
Predominant characteristic being nonintervention is called
: The management style with the predominant characteristic being nonintervention is called
|
|
Responsibility for their actions have leadership quality
: People who are willing to take responsibility for their actions have the leadership quality of.
|
|
The purpose of the selection step in employment process
: In large organizations, the two types of authority typically found are. The purpose of the selection step in the employment process is to
|