User Account

All Pages

What amount would the donation cause shareholder

Assignment Help Financial Accounting
Reference no: EM132945432

Problem 1: On December 1, 2020, Bobcat Corporation received a donation of 2,000 shares with P 50 par value from a shareholder. On that date, the share market value was P 350. The shares were originally issued for P 250 per share. By what amount would this donation cause shareholder's equity to decrease?

Reference no: EM132945432

Questions Cloud

What is the correct amount of petty cash fund : CHECK DRAWN BY THE COMPANY TO THE ORDER OF PETTY CASH 5,000. What is the correct amount of petty cash fund
What is the firm wacc for ssw : The cost of equity is 16.3% and the pre-tax cost. What is the firm's WACC (weighted average cost of capital), and how to calculate?
Find what amount to be credited to ordinary share capital : Find what the amount to be credited to Ordinary Share Capital account will be? If 500 shares of Preference Shares were converted into Ordinary Shares
What is carrying amount of accounts receivables on December : MUJAR Company had accounts receivables of P4,000,000. What is the carrying amount of accounts receivables on December 31, 2019
What amount would the donation cause shareholder : The shares were originally issued for P 250 per share. By what amount would this donation cause shareholder's equity to decrease?
What are the amounts of dividends paid on preference shares : Portland Blazers Corporation has 2,000 shares of P 200, What are the amounts of dividends paid on both the preference shares and ordinary shares, respectively?
What is the book value per share of the ordinary shares : What is the book value per share of the ordinary shares on December 31, 2020? Miami Heat Inc. began operations in January 2018.
What is the amount of cash that should be shown : Bank service charges for December amounted to P10,000. What is the amount of cash that should be shown in the December 31, 2019 statement of financial position
What is the book value per share of the preference shares : Miami Heat Inc. began operations in January 2018, What is the book value per share of the preference shares on December 31, 2020?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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