Reference no: EM133041955
Question - Miami Heat Inc. began operations in January2017, and reported the following results for each of its three years of operations. 2017 net loss-P 300,000; 2018 net loss-P 30,000; 2019 Profit-P 3,950,000
At December 31, 2019, the company's capital accounts were as follows:
5% Preference Shares, P 100 par, 100,000 shares authorized, 60,000shares issued and outstanding
Ordinary Shares, P10 par, 1,000,000 shares authorized, 800,000 shares issued and outstanding
Miami Heat Inc. has never paid a cash or share capital dividend and there has been no change in the capital accounts since its operations began. Assume the preference shares are cumulative and upon corporate liquidation, shares are preferred as to assets up to par. What is the book value per share of the ordinary shares on December 31, 2019?
a. P14.15
b. P14.52
c. P13.40
d. P13.78
|
How much is the dividends per share on Preference share
: Dividends were in arrears since 2018. Dividends declared for 2020 amounted to P400,000. How much is the dividends per share on Preference share
|
|
Introduction to financial-management accounting case
: Team Members Notification (changes only) - November 24, 2021 Lifetime Inc. wants to buy a new machine to be used in products that will replace an existing manua
|
|
What amount should be credited to share premium preference
: All of the preference shares was converted. What amount should be credited to share premium preference on February 1, 2021
|
|
Understanding of organizational culture
: Information the case from Askin,N.& Petriglieri. Tony Hsiesh at Zappos: Structure, culture, and radical change.
|
|
What is the book value per share of the ordinary shares
: Ordinary Shares, P10 par, 1,000,000 shares authorized, 800,000 shares issued and outstanding. What is the book value per share of the ordinary shares
|
|
Discuss two commonly observed errors
: Discuss two commonly observed errors in performance measurement and performance appraisals processes, and provide specific examples of how managers and coaches
|
|
Professional resume of mechanical engineering
: You need to make professional resume of mechanical engineering
|
|
Examples of hr function are recruitment and selection
: 5. Benefits - ALM had an attractive benefit scheme including medical insurance, childcare, flexible work schedules, holidays. ?
|
|
What amount should be credited to ordinary share capital
: The market value of the ordinary share at the conversion date was P40. What amount should be credited to ordinary share capital on December 31, 2020
|