User Account

All Pages

What net reduction in retained earnings would result

Assignment Help Financial Accounting
Reference no: EM132894483

Question 1: Lone Corporation owned 20,000 shares of Silver Corporation's P5 par value ordinary shares. These shares were purchased in 2017 for P180,000. On September 15, 2019, Lone declared a property dividend of one share of Silver for every ten shares of Lone held by a shareholder. On that date, when the market price of Silver was P14 per share, there were 180,000 shares of Lone outstanding. What NET reduction in retained earnings would result from this property dividend?

Reference no: EM132894483

Questions Cloud

How much would you be willing to pay for the building today : This estimate is based on forecasted net rent of $100,000 per year. How much would you be willing to pay for the building today
New deal considering transfer of power : Discuss how can Canada turn the table in the new deal considering the transfer of power in the US from Donald Trump to Joe Biden.
How should accounts be reported in entity a oct classified : Which of the following should not be included in cash? How should these accounts be reported in Entity A's Oct. 31, 20x1 classified balance sheet?
Prepare the payroll general journal entries required : Prepare the payroll general journal entries required to reflect: (i) the payment of the February 16-28 payroll liabilities to the Canada Revenue Agency
What net reduction in retained earnings would result : Silver was P14 per share, there were 180,000 shares of Lone outstanding. What NET reduction in retained earnings would result from this property dividend?
Non-business deductions and exemptions : Who reports the corresponding income if applicable, and why: (i) Sam and his wife were married during a whirlwind trip to Law Vegas.
What total contributed capital amounted to : At the end of the CC's first year, total contributed capital amounted to? CC Corporation has 50,000 shares of P10 par ordinary shares authorized.
Prepare pension worksheet for Ivanhoe Corporation : On January 1, 2020, Ivanhoe Corporation had plan assets of $258,000. Prepare pension worksheet for Ivanhoe Corporation for 2020
What the amount of retained earnings available for dividends : What The amount of retained earnings available for dividends at the end of 2019 was? At the beginning of 2019, QQ Company had retained earnings of P150,000.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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