of flag A newly formed company sold stock for $545,000. The share had a par value of $5 each. After the transaction, the Paid-In Capital in Excess of Par, Common Stock, account had a balance of $215,000. How many shares did the company sell? O a. 62,000 O b. 152,000 O c. 43,000 O d. 109,000 O e. 66,000
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- Loudoun Corporation's balance sheet reflected the following information. Common stock, $2 par Paid-in capital in excess of par - Common Required: Assuming all the stock was issued in a single transaction, what was the issue price per share of the stock? Note: Round your answer to 2 decimal places. Issue price $153,000 212,000 per shareC&S Corp. issued 66 shares of its $1 par value common stock for $11 per share. Issue costs were $86 What amount would they record as Additional Paid-In Capital-Common Stock? Type your answer.....Vaughn Corporation sold 390 shares of treasury stock for $55 per share. The cost for the shares was $45. The entry to record the sale will include a O credit to Treasury Stock for $21450. O credit to Paid-in Capital from Treasury Stock for $3900. O debit to Paid-in Capital in Excess of Par for $3900. O credit to Gain on Sale of Treasury Stock for $17550.
- Item No. 4 is based on the following information: nysg bns n Luningning Corporation sold for cash 400 preference shares with a par value of P 50 per share at P56 per share. Also, 600 ordinary shares with no par value but with stated value of P 100 per share were sold for P 102 per share. 4. What would be the effect of the transaction on the total Share Premium account? a. PO. C. P 2,400. b. P 1,200. d. P 3,600.PQR SAOG has issued and paid up capital of OMR 2 million OMR 1 par value common stock. The current market price of each share is OMR 3. The company board decided a 4 for 1 stock split. The Market capitalization value of share after stock split should be a. 8,000,000 b. 2,000,000 c. 6,000,000 d. 4,000,000Answer with computation and explanation If the total authorized share capital is P1,000,000 at P10 par, the unissued share capital is 25,000 shares, and all the issued shares were sold at P15, then the total shareholders' equity before any operation activities is a 2 750,000. b P1,125,000 c. P375,000. d. P250,000.
- The following accounts are shown on the statement of financial position of Phoenix Corporation Share Capital, P 100 par, 1,000 shares P 100,000 Share Premium 2,000 Paid in Capital from Treasury Shares 2,000 Retained Earnings 75,000 Treasury shares, 200 shares at cost 25,000 All the 200 treasury shares were sold for P 22,000. How would the resale of the treasury shares be recorded?This problem has 2 questions. AAA Company had the following transactions in the ordinary shares of BBB Company: January 5 Bought 4,000 ordinary shares, P100 par, at P88. June 15 Received 10% bonus issue. August 31 Received P4 cash dividend for each ordinary share. October 10 Received stock rights to buy one new share at P100 for every 5 shares held. Market value of stock ex-right, P156. November 15 Sold all stock rights at P4 per right. What is the gain or loss on the sale of stock rights? a. 31,680 b. 0 c. (33,280) d. 17,600 Assuming AAA Company exercised its rights to buy new shares, what is the cost of the new investment? a. 124,800 b. 88,000 c. 186,560 d. 137,280 Just the solving and the answer. Thank youECE Corporation had the following shareholder's accounts before the declaration of dividend. Ordinary share capital, P5 par (authorized, 500,000 shares) 1,500,000 Share premium 1,560,000 Retained earnings 1,210,000 Market value of the ordinary share on this date is P40 per share. The company declared and distributed 10% share dividend. How much is the share premium after issuance of bonus shares? A. 3,240,000 B. 2,340,000 C. 3,915,000 D. 3,024,000
- When incorporated Y Ltd. Issued 2,000 common shares to A for dollar 2,000. In year 2, Y Ltd. issued 1,600 additional common shares to B for dollar 16,000, the market value of the shares at that date. What is the total paid up capital of the common shares owned by A?ABC Company issued 1,000,000 equity shares of OMR 1 each. The company called up OMR 0.500baisa and the company received the entire amount except on 50,000 shares on which call money has not been received. The called-up capital of the company is a. OMR 975,000 b. OMR 950,000 c. OMR 475,000 d. OMR 500,000Suppose a company purchases 2,000 shares of its own $1 par value common stock for $16 per share. The company then resells 400 of these shares for $20 per share. Which of the following is recorded at the time of the resale? a. Credit Common Stock for $400. b. Credit Treasury Stock for $8,000. c. Credit Common Stock for $8,000. d. Credit Additional Paid-In Capital for $1,600.