User Account

All Pages

What should be the balance in abc corporation share premium

Assignment Help Accounting Basics
Reference no: EM132803953

Problem 1: On July 1, 2019, ABC Corporation has 250,000 shares of P10 par ordinary shares outstanding and the market price of the stock is P12 per share. On the same date, ABC Corporation declared a 1-for-2 reverse split. The par value of the share was increased from P10 to P20 and one new P20 par value was issued for every two P10 par shares outstanding. Immediately before the 1-for-2 reverse share split, ABC Corporation share premium was P480,000. What should be the balance in ABC Corporation's share premium account immediately after the reverse share split is declared?

a. P730,000
b. P980,000
c. P480,000
d. zero

 

Reference no: EM132803953

Questions Cloud

How the dividend included a liquidating dividend of : How the P5,000,000 dividend included a liquidating dividend of? ABC Corporation declared a cash dividend P5,000,000 to shareholders of record
Describing the system model of organizational behavior : Required: Describing the System Model of organizational behavior in Coloroutte Cosmetics owned by Nina Ellaine Dizon
Find the amount to be included as gross income : She received P113,000 for the song she wrote; and P80,000 for her property that us planted with banana. Find the amount to be included as gross income in 2020
Find abc corporation should report dividends in arrears : ABC Corporation paid a cash dividend P20,000 on its preference shares. ABC Corporation should report dividends in arrears in its 2019 financial statements as
What should be the balance in abc corporation share premium : What should be the balance in ABC Corporation's share premium account immediately after the reverse share split is declared?
Calculate the number of units needed to break-even : Calculate the number of units needed to Break-even. Griffin buys and sells ladies' handbags. The average selling price is $560 per bag.
What if contraindications are identified for a patient : It has become common practice for people to supplement their diets with pills, smoothies, teas, herbals, and other complementary practices.
Prepare the journal entry to record the retirement of bonds : McEvoy, Inc., purchased $330,000 of its bonds at 96 on June 30, 2020, and immediately retired them. Prepare the journal entry to record the retirement of bonds
Assess the value of quarantine and isolation : Assess the value of quarantine and isolation in controlling disease due to biological terrorism. Use a specific example to support your position.

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