Prepare the shareholders equity section of xdgh corporation

Assignment Help Accounting Basics
Reference no: EM133185314

Question - The XDGH Corporation has issued both preference and ordinary shares. On January 1, 200D, the shareholders' equity of the corporation is as follows:

6% Preference Shares, Php80 par value, authorized and Issued 40,000 shares Php3,200,000

Ordinary Shares, Php100 par value, authorized and issued 50,000 shares 5,000,000

Retained Earnings 2,500,000

Assume that dividends have not been declared since 200A.

Required -

1. Compute the amount to be distributed to preference and ordinary shareholders on each of the following cases of preference share:

a. Non-cumulative, non-participating

b. Cumulative, non-participating

c. Non-cumulative, fully participating

d. Cumulative, fully participating

e. Cumulative, participating up to 10%

2. Prepare the shareholders' equity section of XDGH Corporation.

Reference no: EM133185314

Questions Cloud

Calculate marigold return on investment : Question - Marigold Design Works generated $560,680 in operating income on sales revenue of $2,803,400. Calculate Marigold return on investment
What is the amount of the annual depreciation computed : An estimated residual value of $6,500 and an estimated useful life of 8 years. What is the amount of the annual depreciation computed by straight line method
Explain pure expectations in the bond market context : What is the primary difference between a Forward-Rate Agreement and a Eurodollar Future? Explain pure expectations in the bond market context
Analysis for appraising transportation investments : What are the main pros and cons of using cost-benefit analysis for appraising transportation investments?
Prepare the shareholders equity section of xdgh corporation : Ordinary Shares, Php100 par value, authorized and issued 50,000 shares 5,000,000. Prepare the shareholders equity section of XDGH Corporation
The marginal cost curve is supply curve of firm : The marginal cost curve is the supply curve of a firm. Is the statement true, false or uncertain? Explain and justify your answer.
What is the cost of the cost of goods sold under fifo : Ending inventory consisted of 14 units. Use this information to answer the following question: What is the cost of the cost of goods sold under FIFO
What is instrumental variable in linear regression : What is an instrumental variable in linear regression? How do instrumental variables improve causal inference?
What was the flexible budget variance for total costs : Actual total costs were $324,934. What was the 2021 flexible budget variance for total costs

Reviews

Write a Review

Accounting Basics Questions & Answers

  Make the Balance Sheet in narrative format as at June

Assume at 30 June 2020, Assets, Liability, Equity, Income and Expense amounts for ABC Building Renovation. Make Balance Sheet in narrative format as at June

  What is the level of accounts receivable needed tosupport

collins office supplies is considering a more liberal credit policy to increase sales but expects that 9 percent of the

  Ruby is the owner of all shares of an s corporation ruby is

ruby is the owner of all shares of an s corporation. ruby is considering receiving a salary of 80000 from the business.

  Write the equation to calculate the maximum profit

A T-shirt cost £4.50 to make and she is charged £130 a day for her stall. Write the equation to calculate the maximum profit

  Find what is the carrying amount of machinery at december

The cash price of the machinery is P 6,000,000. A promissory note is issued for the installment. What is the carrying amount of machinery at December 31, 2020?

  What are the considerations in imputing

What are the considerations in imputing an appropriate interest rate?

  Explain what could have happened on a b c d how the above

the plant manager decides that what is needed is an objective appraisal of what should be done. he hires june collins

  What the estimated residential monthly bill would have been

Assume the Cap program costs pertain to only residential customers. Calculate an estimate of what the estimated residential monthly bill would have been

  What is the projected ending cash balance

Moria Company has made the following estimates for the month of December: What is the projected ending cash balance?

  What is total retroactive adjustment to retained earnings

What is the total retroactive adjustment to retained earnings in 2021 related to the licensing agreement

  What is the amount of cash received by cpa

What is the amount of cash received by CPA? On October 1, the company factored 6,000,000 of accounts receivable to CFA company which has a net realizable value

  What is armstrongs direct material price variance

The armstrong corporation developed a flexible budget for its production process. What is Armstrongs direct material price variance

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd