User Account

All Pages

What amount should be credited to share premium

Assignment Help Accounting Basics
Reference no: EM133183647

Question - Black Company issued 3,000 convertible preference shares with P100 par value at P105 per share. One preference share can be converted into three ordinary shares with P25 par value at the option of the shareholder.

Subsequently, all of the preference shares were converted into ordinary shares. The market value of the ordinary share on the date of conversion was P30.

What amount should be credited to share premium as a result of the issuance of the preference shares and the subsequent conversion into ordinary shares?

Reference no: EM133183647

Questions Cloud

Restate the income statement in segment margin format : Depreciation expense - Specific to each product; no other use available, no resale value. Restate the income statement in segment margin format
Briefly discuss the corporate governance issues : Briefly discuss the corporate governance issues and role financial reporting played in these. Provide specific examples of deficiencies in financial reporting
What is the cost of goods available for sale : The information is available for Apollo Company for 2021: The cost of goods sold is equal to 400% of selling expenses. What is cost of goods available for sale
Paradox of two dualities of christian citizenship : Polycarp example from Nicholas Wolterstorff's book. The paradox of the two dualities of Christian citizenship. Wolterstorff on the Shalom concept
What amount should be credited to share premium : What amount should be credited to share premium as a result of the issuance of the preference shares and the subsequent conversion into ordinary shares
Robert george criticisms of aristotle and aquinas : Robert George's criticisms of Aristotle and Aquinas. George's criticisms of Dworkin. George on the ‘right to privacy'. HLA Hart's criticisms of Devlin
Ronald dworkin on equality : Ronald Dworkin on equality. Dworkin on privacy as derived from equality. Patrick Deneen on the unsustainable trajectories of liberalism
What direct materials cost would be included in budget : Total variable manufacturing overhead for the month was $290,000. What direct materials cost would be included in the company's planning budget for August
What is the materials price variance for august : Purchased 72,000 pounds of direct materials at a cost of $21 per pound. All of this material was used in production. What is the materials price variance

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