User Account

All Pages

What will happen on the treasury cost per share

Assignment Help Financial Accounting
Reference no: EM132941825

Donut Company reported the following in its statement of shareholders equity on January 1, 2018.

Ordinary share capital, P 50 par value, 200,000 shares authorized,

100,000 shares issued P 5,000,000

Additional Paid in Capital 1,500,000

Retained earnings 516,000

Treasury shares at cost (5,000 shares) 400,000

The following events occurred in 2018:

May 1 1,000 treasury shares were sold for P 10,000

July 9 10,000 shares of previously unissued ordinary share were sold for P57 per share.

Oct 1 Share split 2 for 1

Problem 1: How many shares are outstanding at December 31, 2018? 

Problem 2: After the split, what will happen on the treasury cost per share?

Reference no: EM132941825

Questions Cloud

Seven concepts of tqm : Explain how important are the seven concepts of TQM to be implemented in any business to enhance its quality?
Jack welch leadership by christopher : GE's Two-Decade Transformation: Jack Welch's Leadership by Christopher A. Bartlett and Meg Wozny; APRIL 1999 (REVISED MAY 2005)
Major hindrance to the economic development : Poverty is considered one of the major hindrance to the economic development in the least developed countries. Both MNCs and the government are trying to mitiga
Find education purposes or business development : Research and identify at least four external contacts or networks that may be relevant to your role as General Manager (including the HR function). The purpose
What will happen on the treasury cost per share : Ordinary share capital, P 50 par value, 200,000 shares authorized, After the split, what will happen on the treasury cost per share?
Is kofi third mental note accurate and discuss briefly : Is Kofi's third mental note accurate? Discuss briefly. The projected revenue for year 1 is $550,000. Subsequent year's revenues will increase by eight percent
Prepare the portion of the statement of financial position : Prepare the portion of the statement of financial position for the year ending 30 June 2025 relating to the lease asset and lease liability.
What effect on the total additional paid in capital would be : As a result, the effect on the total Additional Paid In Capital would be? At the end of the year, the original issue of Ordinary Share of P 30 par was replaced.
Find how much is company contract liability for the year : Find How much is the company's contract asset (liability) for the year 2019? Ayala Homes is a construction company who uses the percentage of completion

Reviews

Write a Review

Financial Accounting Questions & Answers

  How much of portfolio should allocate to the zero coupon

6.65% yield perpetuals to immunize its interest rate risk. How much of its portfolio should it allocate to the zero coupon bonds to immunize interest rate risk?

  How can the us company hedge the foreign currency receivable

A US company has an AUD 1 million receivable in two months. How can the US company hedge the foreign currency receivable? It could

  What is meant by customer profitability analysis

What are product-level resources and what is an one example? What are batch-level resources and what is one example? What is the first step in designing an activity-based costing system? What is meant by customer profitability analysis?

  What amount should lincoln company pay for the investment

What amount should Lincoln Company pay for this investment to earn an 11% return? (Round answer to 2 decimal places, e.g. 25.25.)

  Which is not required to be disclosed by public companies

Which information is not required to be disclosed by public companies? Which statements about the primary beneficiary of a variable interest entity (VIE) is not

  What are the actions that you can proposed to the management

What are the actions that you can proposed to the management improve the existing internal control system - identify what are the possible ways of funding

  What is the amount of cash required for the payment

Rofles Company purchased merchandise on account from a supplier for $11,500, What is the amount of cash required for the payment

  Explain the division of activities into unit level

Explain the division of activities into unit level, batch level, product-sustaining level, and facility level categories is commonly known as a cost?

  Donalds dresses (dd) experienced

Donalds Dresses (DD) experienced the  events in 2014 and uses the perpetual inventory method

  How would your answer change if the bonds were due

How would your answer change if the bonds were due in 50 years? How would both answers change if the market interest rate were 8 percent instead of 10 percent?

  Which circumstance qualifies for ordinary loss treatment

Business B, a calendar year C corporation, has incurred losses for each of the last five years. Before considering depreciation, Business B has an operating loss for this year. Which depreciation technique will maximize the firm’s tax benefits? Which..

  Why did you select this article for the presentation

Highlight the accounting issues raised in the article and how it will affect businesss, regulations and stakeholders - What are the key points in this article

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