User Account

All Pages

What is the total amount of share premium on December

Assignment Help Accounting Basics
Reference no: EM132857364

Question - Gray Company reported the following shareholders' equity on January 1, 2020:

Share Capital, P10 par, outstanding 247,500 shares 2,475,000

Share premium 990,000

Retained earnings 2,409,000

During the current year, the entity had the following share transactions:

Acquired 6,600 treasury shares for 297,000

Sold 3,960 treasury shares at 50 a share

Sold the remaining treasury shares at P41 per share

Required - What is the total amount of share premium on December 31, 2020?

Reference no: EM132857364

Questions Cloud

Determine the total current liabilities at December : Trade and other receivables include long term advances to company officers amounting to 30,000. Determine the total current liabilities at December
Should management resist the formation of a union : Should management resist the formation of a union? Why or why not? What are the advantages for the company? Are there any disadvantages to having a union?
Analyze Thomas project performance on project : Analyze Thomas's project performance on this project, assuming the original quote given to the customer was an estimate.
Design and implement security and auditing solutions : Design and implement security and auditing solutions for two common business situations - Implement each case of your choices in Oracle
What is the total amount of share premium on December : Gray Company reported the following shareholders' equity on January 1, 2020: What is the total amount of share premium on December 31, 2020
What level in the organization do become strategic : What is the difference between a person doing the daily operations of a human resource function versus the role of a strategic human resource partner?
What is the amount of working capital : Based on the following data, what is the amount of working capital? Accounts payable $48640, Accounts receivable 86640 and Cash 53200
Is additional training or certification required for the job : What are the minimum educational requirements for (BOTH) vocations you have selected? (Child social worker and Domestic Violence Social worker)
What outcomes or criteria should domino pizza measure : Describe the evaluation design that you would recommend using to determine if CD-ROM training is more effective than on-the-job training.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Does the receipt of securities in exchange for the transfer

Does the receipt of securities in exchange for the transfer of appreciated property to a controlled corporation cause recognition of gain? Explain

  Determine what are role of ethic and corporate governance

Determine What are the Role of ethics and corporate governance in the accounting industry What are possible courses of action?

  Computing book value per share and total book value

One stockholder owned 550 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholder's shares immediately before and after the stock dividend of February 5.

  Calculate annie deductible loss and basis

Calculate Annie's deductible loss, basis, and any losses suspended under the at-risk and/or passive activity loss rules each year

  Independent projects should tapley accept

Project C has above-average risk and an IRR of 11%. Which of the above independent projects should Tapley accept, assuming that the company uses the IRR method when choosing projects? Why?

  How much will goliath report as sales

Goliath Industries has fixed costs of $600,000 and variable costs are 60% of sales. How much will Goliath report as sales when its net income equals $60,000?

  Calculate net contribution

Venus requires a modification of the design that will allow a $2.10 reduction in direct-material cost. Calculate net contribution

  My question is this clay purchsded elm corporation stock

my question is this clay purchsded elm corporation stock 20 years ago for 10000. in 2012 he sells the stock for 29000.

  A 30 kw star-connected synchronous motor is supplied from a

a 30 kw star-connected synchronous motor is supplied from a 415 volt 50 hz source. when fully loaded and running at

  Define key benefit and drawback to financial statement users

Compare the key differences between the U.S. GAAP and IFRS positions on both intangible research and development costs and tangible depreciable assets.

  Compute the amount of budgeted cash disbursements for july

Cost of goods sold is 40% of sales. Accounts payable is used only for inventory acquisitions. Compute the amount of budgeted cash disbursements for July

  Different setups, the management of oak creek stadium

After receiving 21 different setups, the management of Oak Creek Stadium has decided on the attached ER diagram and instance tables for the development of a database to keep track of its operations.

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