User Account

All Pages

What are the balances on the share capital

Assignment Help Accounting Basics
Reference no: EM133153409

Question - At 1 January 2020 JPE Ltd had issued share capital of 100,000 ordinary shares of £1 which had been issued for £1.60 each. On 1 May 2020 they made a 1 for 5 rights issue capitalising the share premium account. What are the balances on the share capital and share premium accounts at 31 December 2020?

Reference no: EM133153409

Questions Cloud

Overcome the resistance of a dramatic change : You work for a small- to medium-sized retail business in metro Atlanta (Your choice; pick a real company). The company is barely profitable, in part because of
Prevent future eeoc lawsuits : As an OD practitioner how would you strategically guide the organization to prevent future EEOC lawsuits?
Define what is meant by a related party : Define what is meant by a related party. What are the auditor's respon-sibilities for related parties and related party transactions
Should Mars LLC purchase these new computers : If the new computers cost $75,000, should Mars LLC purchase these new computers, i.e., should the project be implemented or not
What are the balances on the share capital : At 1 January 2020 JPE Ltd had issued share capital of 100,000 ordinary shares of £1 which had been issued for £1.60 each. What are the balances on share capital
Explain this statement with reference : Explain this statement with reference: A cost pool is a cumulative of all the costs associated with performing a particular business task
Change in the quantity of fish demanded : Classify the effect of each of the following as (i) a change in the demand for fish or (ii) a change in the quantity of fish demanded (0.5 points for each). Ill
What will the carrying value of its investments : SOC sold the shares on January 31, 2021 for $60,000. What will the carrying value of its investments in GPC be on the date of sale
What might a community service worker in the domestic : What forms of domestic/family violence has David used against Celina - How has having no financial control affected Celina

Reviews

Write a Review

Accounting Basics Questions & Answers

  What was Oriole stockholders equity at the end of the year

The company recorded revenues of $394000, expenses of $292000, and paid dividends of $31200. What was Oriole' stockholders' equity at the end of the year

  Calculate Costello deferred income tax expense or benefit

Costello received $3,850 of tax-exempt life insurance proceeds from the death of one of its officers. Calculate Costellos deferred income tax expense or benefit

  Prepare schedule to allocate partnership income to puti

After Pula, who manages the partnership, receives a bonus of 10% of income after deducting the bonus. Prepare schedule to allocate partnership income to Puti

  Pass the necessary journal entries

All the allots paid money due. Pass the necessary journal entries. Show how the items will appear in the company's balance sheet

  At the acquisition date the fair value of the 40

jan 1 2012 doone corp. acquired 60 of the outstanding voting stock of rockne comp. for 300000 consideration. at the

  What is the periodic payment

Periodic Payment. Assume the same information as in Problem 13.6, except that now the annual payments are to be made at the beginning of the year. What is the periodic payment?

  How much is paid for the dividends

How much is paid for the dividends and how much retained earnings is reduced by dividends in the year 20X2

  Average value of the maximum number

When three dice are rolled, what is the average value of the maximum number obtained? Find the solution through simulation. (Use at least 100 iterations)

  Prepare a statement of cash flows for for kingbird

Kingbird Inc. had the following balance sheet at December 31, 2016. Prepare a statement of cash flows for the year 2017 for Kingbird.

  Record the early retirement of the bonds

Record the early retirement of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

  Financial statements for exteral reporting purpose

A company acquires a subsidiary and will prepare consolidated financial statements for exteral reporting purposes. For internal reporting purposes, the company has decided to apply the initial value method. Why might the company have made this dec..

  Full year of depreciation expense

Captain Inc. purchases a depreciable asset for $100,000. The life of the asset is 10 years and it has an estimated salvage value of $10,000. Captain Inc. takes a full year of depreciation expense in the year the asset is acquired. Which of the fol..

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