User Account

All Pages

Prepare the shareholders equity section of zyz corporation

Assignment Help Financial Accounting
Reference no: EM133184372

Question - An abstract of the shareholders' equity of the ZYZ Co. on December 31, 2021 appears as follows:

Preference Share, Php35 par value, 150,000 shares issued and outstanding Php5,250,000

Ordinary Shares, Php25 par value, 300,000 shares issued and Outstanding 7,500,000

Premium on Preference Share 300,000

Premium on Ordinary Share 300,000

Retained Earnings 1,200,000

Treasury Share - Ordinary 60,000

The Board of Directors decided to establish a reserve of Php250,000 for contingencies and Php350,000 for plant expansion.

Required -

1. Record the appropriation of Retained Earnings.

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

Reference no: EM133184372

Questions Cloud

General meaning of the term decision making : What is the general meaning of the term decision making in leadership and what does this look like in action and why is it importan
Engaging multimedia content to improve learner retention : Must present engaging multimedia content to improve learner retention of information. You may wish to include visual enhancements in your presentation.
What must total asset turnover be : A firm wishes to maintain an internal growth rate of 71 percent and a dividend payout ratio of 30 percent. What must total asset turnover be
Forced and reactive example of change : Discuss and describe the change and why it was either a planned or a forced/reactive example of change.
Prepare the shareholders equity section of zyz corporation : The Board of Directors decided to establish a reserve of Php250,000 for contingencies and Php350,000 for plant expansion. Prepare shareholders equity section
How would the profit figure change : How would the profit figure change if the Australian dollar continues to strengthen at the same rate as it has done over the previous year
Record the appropriation of retained earnings : The Board of Directors decided to establish a reserve of Php250,000 for contingencies. Record the appropriation of Retained Earnings
Personal approach-methods of dealing with change : Explain your personal approach/methods of dealing with change in that situation. Were you a catalyst for change?
Summarize what you learned in econ3 : Summarize what you learned in ECON3 this semester. Which topics did you find most interesting? Which ones did you find most useful?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Listed property and luxury automobile limitations

Mike purchased a heavy-duty truck (five year class recovery property) for his delivery service on April 30,2014. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations.

  What bid price should submit for company a

Which will be recovered at the end of the project. The firm has a 30% tax rate and it wants a 15% return. What bid price should it submit?

  What is the gross profit percentage from pint sales to mint

Pint Corporation acquired 60 percent of Mint Corporation's voting stock. What is the gross profit percentage from Pint sales to Mint

  Uses flexible budgets to control its selling expenses

Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $167,000 to $201,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 4%, traveling 4%, and..

  Calculate the maximum loan amount

Assume the NOI from the project is $1,700,000 and the lender requires a debt coverage ratio of 2.5 calculate the maximum loan amount

  You have been asked by the president of your company to

you have been asked by the president of your company to determine the proposed acquisition of a new special-purpose

  Considers the required rate of return of the project

S. Miller is looking to expand an existing project. The expansion requires an immediate outflow (an investment today) of $85 million. S. Miller anticipates that the project will generate one future cash flow of $155 million that will arrive at the en..

  What is the selling price per unit

What operating profit percentage on revenues is needed to attain the target return on investment of 20%? What is the selling price per unit?

  Compute the change in operating income

Company has three departments. Data for the most recent year is presented below: Compute the change in operating income if Olson Company eliminates Dept. C and does not replace it. Compute the change in operating income if Olson Company eliminates De..

  Uses a job order costing system

Drake Consulting uses a job order costing system, in which each client is a different job. Drake assigns direct labor, daily per diem, and travel cost directly to each job. It allocates indirect costs to jobs based on a predetermined overhead allocat..

  Compute the future value of continuously compounded

Mustang Enterprises, Inc., Compute the future value of $2,500 continuously compounded for 5 years at an annual percentage rate of 10 percen

  Why think the iasb decided on the treatment

Why you think the IASB decided on the treatment of "Loss on Discontinued Operations" and "Non-controlling Interest Allocation" that they did.

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