Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Partnership and corporation 62-63 Neftali Corporation provided the following information: Authorized share capital, 400,000 ordinary, par value, P10 P 4,000,000 Authorized share capital, 500,000 ordinary,

image text in transcribed

Partnership and corporation

image text in transcribed
62-63 Neftali Corporation provided the following information: Authorized share capital, 400,000 ordinary, par value, P10 P 4,000,000 Authorized share capital, 500,000 ordinary, no-par value 5,000,000 Issued, 250,000 par value shares 2,500,000 Issued, 175,000 no-par value shares 2,100,000 Subscribed par value, 70,500 shares 600,000 Subscribed no-par value, 80,000 shares 1,040,000 Share Premium - par value 520,000 Treasury shares, 25,500 par-values shares, at cost 310,000 Subscription receivable - par value 180,000 Subscription receivable - no-par value 320,000 Retained Earnings 3,700,000 62. The board of directors of the corporation declared dividends of P5 per share payable to shareholders on record. Determine the number of shares entitled to receive dividends a. 470,000 shares c. 425,000 shares b. 495,500 shares d. 399,500 share 63. Based on the information in no. 62, determine the amount of dividends for the period a. P 2,350,000 c. P 2,125,000 b. P 2,477,500 d. P 1,997,500 64-67. The shareholders' equity f Zebulun Corporation on May 1. 2020 is as follows

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Law questions