In 2020, ABC Company realized a net income of P590,000 and paid dividends of P250 per share on its 25,000 issued ordinary shares P10 par value. In 2021, the company incurred a net loss of P87,500 and paid no dividends. How much is the balance of the Retained Earnings account as of December 31, 2021? ABC Company had 800,000 ordinary shares authorized and 500,000 shares outstanding on January 2, 2020. The following events occurred during 2020: May 1 Purchased 240,000 shares at P102 per share Reissued 120,000 treasury shares at P145 per Sept 1 share On December 31, 2020, how many ordinary shares are outstanding? The shareholders' equity of ABC Corporation had the following: Ordinary shares, par value P30; authorized 40,000 shares P1,500,000 Ordinary Share Premium 250,000 Accumulated Prots 1,200,000 Treasury shares, 2,000 shares 64,000 What is the amount of shareholders' equity that will be reported in its balance sheet? ABC Company has the following outstanding share capital: 9% Preference Shares, cumulative and non-participating P50 par, 10,000 shares are outstanding P500,000 Ordinary Shares, P10 par, 25,000 shares outstanding P250,000 Dividends for the year 2020 are P200,000. Dividends on preference shares were in arrears for three years at the beginning of 2020. How much per share would be given to preference shares? ABC Corporation had the following share capital accounts as of December 31, 2021: Ordinary Share Capital, P20 par value, 206,000 shares issued 4,' Preference Share Capital, 10% P100 par value, cumulative and non- 1 | participating, 10,000 shares outstanding ' Treasury share - Ordinary, at cost of P15 per share 9( Dividends on preference share have been in arrears for 2019 and 2020. On December 31, 2021, a total cash dividend of P1,200,000 was declared. How much per share would be given to ordinary shares? On June 1, 2020, the board of directors of ABC Co. declared a 10% share dividend. The market price ofABC's 200 000 outstanding ordinary shares of P30 par value was P60 on that date. The share dividend was distributed on October 1 of the same year when the shares were selling at P120. What amount should ABC Co. credit to share premium for this share dividend? ABC Company's shareholders' equity comprised of 30,000 ordinary shares at P100 par value, P400,000 of share premium, and accumulated prots of P1,500,000. Share dividends of 10% were declared when the share is selling for P250 per share. What should be the total shareholders' equity immediately after the issuance of the share dividend? ABC Corporation shows the following shareholders' equity balances on December 31, 2020: Share Capital, P100 par P500,000 Share Premium 200,000 Retained Earnings unappropriated 140,000 Retained Earnings appropriated for contingencies 120,000 How much is the book value per share on December 31, 2020? A corporation declared a 30% share capital dividend on its 120,000 shares of P30 par ordinary shares. The market price of the share on the date of declaration is P50 per share. What is the amount to be debited to Accumulated Prots on the date of declaration? ABC Corporation share capital accounts on December 31, 2020, are shown below: Ordinary share capital, P40 par P10,000,000 In 2020, ABC Corporation reported a net income of P5,000,000. No share capital activity took place during the year. Compute for the Basic Earnings per share for 2020