sanjay n/takeAssignment/takeAssignmentMain.do?invoker- &takeAssignmentSessionLocator=&inprogress... A☆eBookOct. 15Equity investments: Less than 20% ownershipOn September 12, 3,000 shares of Denver Company's common stock are acquired at a price of $40 per share plus a $300 brokeragecommission. On October 15, an $0.80-per-share dividend was received on the Denver Company stock. On November 10, 1,600 shares of theDenver Company stock were sold for $36 per share less a $150 brokerage commission. At the end of the accounting period on December 31,the fair value of the remaining 1,400 shares of Denver Company's stock was $35 per share. Denver Company has 400,000 shares of commonstock outstanding.Journalize the entries for the original purchase, dividend, sale, and change in fair value under the fair value method. If an amount box doesnot require an entry, leave it blank.Sep. 12 Investments Denver Company StockNov. 10Dec. 31Show Me HowEVFeedbackCath✔Loss on Sale of InvestmentsInvestments Denver Company Stock120,3002.400 ✔57.600 X120.300A2,40057.600 X150 X64,000 X339

The journal entries are prepared to record the transactions on regular basis. The difference between…

Answered: Equity investments: Less than 20%…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume you purchased 500 shares of XYZ common stock on margin at $29 per share from your broker. A. Find the following (note: fill in the blanks with values rounded to the nearest cent, no dollar signs "$", and commas "". Example: $1,234.567 >>> write as 1234.57) If the initial margin is 57%, the amount you borrowed from the broker is $ and your equity is $ B. What is the new margin if the price of share falls to $31? (note: fill in the blank with rounded % as follows: example 34.567% >>> write as 34.57%)
purchased for P120 per Problem 16-14 (AICPA trading. These 50,000 shares were rights to the investor. and two of these rights. Each share had a market value of P130 and each right had market value of P20 on the date of issue. a What total cost should be'recorded for the new shares that are acquired by exercising the rights? a. 2,250,000 b. 3,250,000 c. 3,050,000 d. 5,500,000
0. Duing ih frst year of operationa. Victory, Inc. entered into the tollwing transactions retating to shareholders' equity, PIO por per share and 30.000 preference shares P50 par pet share, > March 14-Sold 50.000 crdinary shares for F100 per shore > Morch 15- Issued 20.000 orcinary shares ta lawyers in exchange tor legal services omiounting to P 300,000, > Morch 15- Sold 35.000 ot its ordinary shares ond 10,000 preference shares for P6.000,000. Fair value of the ordinary shore in PICO. November 20- hued 1.900 of ih ovdnary shares in exchange for equipmient for which the cauh price was known to be PI85.000. Baed on the preceding information, determine the totai shareholders' equity. , Victory's articles of incorporation authorized the issue of 240,000 ordinary shares.
engageNOWv2 | Onlin X genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker &takeAssignmentSessionLocator=&inprogress=false еВook Five Measures of Solvency or Profitability The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following: Bonds payable, 6% $900,000 Preferred $10 stock, $50 par 46,000 Common stock, $10 par 644,000 Income before income tax expense was $162,000,and income taxes were $24,000 for the current year. Cash dividends paid on common stock during the current year totaled $25,760. The common stock was selling for $16 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest earned ratio times b. Earnings per share on common stock c. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield 5:32 PM 12/12/2020…
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. 4,000,000
MCQ1 On November 1, Jeremiah Company ("IC") acquired the following investment which JC elected to account for using the OCI option under IFRS 9: • Lin Co. - 1,000 common shares at $30 per share. Brokerage fees to acquire the shares amounted to $500. JC's year-end is December 31. The quoted market price at December 31 was as follows: • Lin Co. = $32. If JC were to sell the investment at year-end, it would incur $600 of brokerage fees.
ABC company issues 25,000 units, 7% preference shares at price of 98$ each. Cost of issue is 2$ per share. Calculate cost of preference share capital if these shares are issued at par Select one: a. None of them is correct b. 7.7% c. 6.54% d. 7.15% CLEAR MY CHOICE NEXT > ( PREVIOUS 6:37 PM -3°C ) ENG 21 W 12/18/2021 P Type here to search hp prt sc imprécr delet SUDE SC 12 23 米 f5 f6 10 f7 f8 +1 f9 f10 insert $ 4 %. ? & 2. 3 £ 5 6. 7 00 6. 2 3. 1/4 1/2. 3/4 0//w/ER|T || 3
Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. (Note: commissions are rounded to the nearest cent.) Principal (Value of Stock) Commission Under $3,000 $25+1.8% of principal $3,000 to $10,000 $37+1.4% of principal Over $10,000 $107+0.7% of principal An investor purchases 250 shares at $12.22 a share, holds the stock for 51 weeks, and then sells the stock for $14.41 a share. Question content area bottom Part 1 The annual rate is enter your response here%. (Round to five decimal places.)
BM KID Corporation Sharenolders' Equity 31-Jan-22 (In Pnilippine Peso) Paid-in Capital 10% Preference Snare Capital, 20,000 authorizea, P100 per (1) snares issued, 700 of wnich are in treasury P1,630,000 (2) Suoscribed Preference Snare Capital, 700 Snares P1,700,000 Ordinary Snare Capital, 50,000 shares authorized, no par value but with (3) stated value, 35,000 shares issued, 300 of which are in treasury 1,750,000 Subscribed Orainary Shares, (4) shares 100,000 1,850,000 Aacitional Paia-in Capital: Preference Snare Premium 340,000 Paid in Capital in excess of Ordinary Share Stated Value 370,000 710,000 Total Paid-in Capital 4,260,000 Accumulated Profits Unepproprieted 1,070,000 (5) Appropriated for Preference Treasury Shares (6) Approprietea for Orainary Treasury Sheres 1,195,000 Total SHE before Treasury Shares 5,455,000 Less Treasury Shares: 700 Preference shares at P125 cost 87,500 300 Ordinary shares at P125 cost 37.500 125,000 Total Shareholders' Equity Tne total Legal Capital is…
Coverage: Investment in Unquoted Securities A client had the following investment transactions in 20X0: On March 20, purchased 1,000 shares of XYZ Co. ordinary shares at P80.50 plus broker’s fee of P500. On June 01, received a 50 percent stock dividend. Received stock rights permitting the purchase of one share at P60 for every four shares owned on September 1. On this date, the rights had a market price of P3 each, and the market price of the stock ex-right was P72 per share. On Nov. 10, exercised 1,000 rights from the stock purchased March 20, and sold the remaining rights at P4 each and on December 28, sold 400 shares from the stock purchased March 20, at P75, less broker’s fee of P1,000. After receipt of stock dividends, what is the new cost of investment per share? Stock rights are accounted separately and use average method.
Assume the company earns $1.62 per share. What was the sale volume? 52 Weeks Stock (Sym) Jaymen Co. Volume (100's) 51,615 Net Change - 0.50 HI LO DIV YLD % PE Close 49.94 40.25 0.58 46.90 Sale volume
a. An initial margin requirement is 54% and maintenance margin of 48%. An investor buys GPH, 9500 shares of stock on margin at Tk. 86.50 per share. The price of the stock subsequently drops to tk. 55.70. a. Find the amount investor has to deposit for initiating the transaction. b. What is the actual margin at tk. 54.25 share price is the account restricted? c. If the price rises to tk. 61.90, is there a margin call? d. Show the amount of margin call is required to bring back account into operational at price of tk. 63.10?

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