User Account

All Pages

Determine the number of ordinary shares outstanding

Assignment Help Accounting Basics
Reference no: EM132202303

Question - On December 1, 2017, the board of directors of silver corporation declared a P5 per ordinary share cash dividend to stockholder's of record on December 15, 2017 payable on December 31, 2017.

Silver corporation has 20,000 ordinary shares issued. It reacquired 2,000 of these ordinary shares in the market and held them in the treasury.

Required:

A. Determine the number of ordinary shares outstanding.

B. Prepare journal entries on the date of declaration and on the date of payment.

Reference no: EM132202303

Questions Cloud

Toward meeting the organization vision-mission and goals : This a core qualification that involves the ability to lead people toward meeting the organization's vision, mission, and goals.
Physicians play key role in US health care delivery system : Primary care physicians play a key role in the US health care delivery system. What aspects do you think are particularly important?
Generate staggering number of investigations : As Chinese President Xi Jinping’s anti-corruption campaign continues to generate a staggering number of investigations,
After calculating the economic order quantity : After calculating the economic order quantity, you start to worry if the estimates for the fixed cost and for the holding cost are accurate.
Determine the number of ordinary shares outstanding : Silver corporation has 20,000 ordinary shares issued. Determine the number of ordinary shares outstanding
Professional experience with organizational change : Describe the details of your professional experience with organizational change. ?
Core qualifications involves the ability to manage human : Business Acumen: This core qualifications involves the ability to manage human, financial, and information resources strategically.
Prepare the appropriate journal entries on jan : Prepare the appropriate journal entries on Jan 1, 2015 and December 31, 2015 to record the above transactions
Implementation of formal succession planning is frequently : The implementation of formal succession planning is frequently viewed as one of the biggest threats facing small businesses.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd