User Account

All Pages

What is the amount of legal capital

Assignment Help Accounting Basics
Reference no: EM132803941

Problem 1: On December 31, 2019 ABC Corporation has 100,000 P100 par value ordinary shares outstanding, Share Premium P2,000,000 and Retained Earnings P10,000,000. If in 2020, the entity reported P5,000,000 profit, declared a 2-for-1 share split and followed by 100% share dividend, what is the amount of legal capital in 2020?

a. P 5,000,000
b. P10,000,000
c. P20,000,000
d. P40,000,000

Reference no: EM132803941

Questions Cloud

What will sales be for the sporting goods division : The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%. What will sales be for the Sporting Goods Division at break-even point
What concerns do you envision cindy having : What concerns do you envision Cindy having with adopting a PHR? Do you feel those concerns outweigh the benefits of adopting a PHR? Why or why not?
What is the book value per share for abc corporation : During 2020, the entity made a profit P3,500,000, declared P1,000,000 cash dividend and 100% share dividend. What is the book value per share in 2019?
Determine the company rate of return after the takeover : Ariella agrees to sell the firm to Charlie for $15 million. Determine the company's rate of return after the takeover
What is the amount of legal capital : The entity reported P5,000,000 profit, declared a 2-for-1 share split and followed by 100% share dividend, what is the amount of legal capital in 2020?
Analyze the ethical concerns related to distributive justice : In this writing assignment, you will analyze the ethical concerns related to distributive justice. You are a nurse in a Third World country in a small village.
What is the amount of profit if the entity has maintained : What is the amount of profit in 2019 if entity has maintained every year P12 book value per share? ABC Corporation has 1,000,000 P10 par value ordinary shares.
What amount should be reported as net proceeds : The bank discounted the note at 12%. What amount should be reported as net proceeds from the discounted note receivable
How the use of health information technology has influenced : Discuss how the use of health information (HI) technology has influenced your current nursing practice. Give examples. References should not be older than 2014.

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