Reference no: EM133174562
Question - On January 1, 2020, Pantabangan Co. began operations by issuing at P16 per share one-half of the 930,000 ordinary shares of P10 par value that had been authorized for sale. In addition, the entity has 500,000 authorized preference shares of P5 par value. During 2020, the entity had P1,020,000 of net income and declared P310,000 of dividends?
During 2021, the entity had the following transactions:
Issued 100,000 ordinary shares for P17 per share.
Issued 150,000 preference shares for 8 per share.
Authorized the purchase of a custom-made machine to be delivered in January 2022.
The entity restricted P300,000 of retained earnings for the purchase of the machine.
Issued additional 50,000 preference shares for P9 per share.
Reported P1,515,000 of net income and declared on December 31, 2021, a cash dividend of P530,000 to shareholders of record on January 15, 2022, to be paid on February 1, 2022.
Required - What is the shareholders' equity on December 31, 2021?
|
What level of sales are required per month for the firm
: The equation had an R2 of .87 and the standard error of the estimate was $245. What level of sales are required per month for the firm
|
|
Why is speed so necessary for organizational agility
: Why is speed so necessary for organizational agility and how do the Seven Dimensions of Agile Performance help a company to be able to change directions freely
|
|
Analyze data on personal culture
: You will analyze and present your personal culture to the class. You will present personal information about yourself, your family, and your hometown.
|
|
Activision crush on mobile gaming
: On November 2 2015, Activision-Blizzard announced it would purchase mobile gaming giant, King Entertainment for $5.9billion. The all cash deal was expected to c
|
|
What is the shareholders equity on december
: The entity restricted P300,000 of retained earnings for the purchase of the machine. What is the shareholders equity on December
|
|
How much income can we expect from her work pensions
: Sara wants to retire with $80,000 after tax income at age 65, they only need about $60,000. How much Income can we expect from her work pensions
|
|
Challenges imposed by the use of technology
: Research and describe three (3) challenges imposed by the use of technology (e.g., guestfacing systems, Internet of Things-enabled technologies, computerized sy
|
|
Why is it important to design firm layout
: Nolan and his friend Peter intend to establish their own ventures. While Nolan intends to establish a manufacturing company, Peter intends to establish a multi-
|
|
Calculate the total amount for carla vista to report
: Calculate the total amount for Carla Vista to report as intangible assets on its statement of financial position at December 31, 2020
|