Solution-What would the company report as total contributed

What would the company report as total contributed capital

Assignment Help Cost Accounting

Reference no: EM133185920

Questions -

Q1. During 2020, the company issued 150,000 shares of ordinary shares for a total of P18,000,000 and 50,000shares of preference shares at P60 per share. In addition, on December 15, 2020 subscription for 20,000 of preference shares were taken at a purchase price of P100. These subscribed shares were paid on January 2, 2021.Profit for 2020 was P5,000,000. What would the company report as total contributed capital on its December 31,2020 statement of financial position?

a. 23,000,000

b. 28,000,000

c. 21,000,000

d. 26,000,000

Q2. The effect of a stock dividend is to

a. change the composition of stockholders' equity.

b. decrease total assets and total liabilities.

c. increase the book value per share of common stock.

d. decrease total assets and stockholders' equity.

Reference no: EM133185920

Questions Cloud

Feasibility test of marketing : Let's assume that instead of you starting a new business of custom making t-shirts from scratch, you have decided to purchase a similar business.

Present a traditional income statement for virgie company : Last month Virgie Company sold its product for $60 per unit. Present a traditional income statement for Virgie Company

Disadvantages of a sales volume-based quota system : Ralph Dickerson fulfilled that the quota system used in Bright Right Plastics needs to be expected reduced cause consumer needs and questions are frequently mis

What is the price : What is the price at t=0 of a perpetual bond paying each year one unit of cash, if one uses the compounded rate of interest

What would the company report as total contributed capital : During 2020, the company issued 150,000 shares of ordinary shares for a total of P18,000,000. What would the company report as total contributed capital

Contracts for the international sale of goods : What are the general provisions of the United Nations Convention on Contracts for the international sale of goods?

Compute the cost of capital for the individual components : The company currently has outstanding a bond with a 7.0 percent coupon rate. Compute the cost of capital for the individual components

Assess staffing and hr challenges in different working model : Assessment of various working model in terms of productivity, feasibility and organizational benefits - Assess the feasibility and productivity of workplace

What the total to be paid at maturity of the note : A company borrowed $19,000 by signing a 180-day promissory note at 10%. What the total to be paid at maturity of the note (Use 360 days a year.)

User Account

All Pages

What would the company report as total contributed capital

Reference no: EM133185920

Reference no: EM133185920

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT