How much are the retained earnings at year-end

Assignment Help Accounting Basics
Reference no: EM133115376

Question - Compute and give the correct amount.

Lupita Corporation's Shareholder's equity for January 1, 2020:

Issued shares 20,000

Par value 50

Share capital 1,000,000

Share premium 750,000

Retained earnings 1,975,000

Total P3,725,500

During the year, the following transactions occur:

Acquired 5,000 of its shares for 68.5 per share.

Reissued shares of 3,000 for an amount of 75 per share.

Reissued shares of 2,000 for an amount of 58 per share.

Net income is P897,250.

Cash dividends declared is P500,000.

Required - How much are the retained earnings at year-end?

Reference no: EM133115376

Questions Cloud

Undermine the viability of so-called pure-play : 1. What role did Bear's culture play in its positioning versus competitors, and what role might that culture have played in its demise?
Current forces driving change in banking industry : Evaluate the current forces driving change in the Banking industry. Describe Bank of America, include organization's mission, and identify various stakeholders
What is the total amount of interest payment : The bond has a 10% coupon rate paid semi-annually. What is the total amount of interest payment associated with this bond in year 2018
Calculate the one year forward exchange rate : The CEO requires a forecast of the one year and two year exchange rates for the $/£ calculated based on purchasing power parity (PPP) and with the International
How much are the retained earnings at year-end : Lupita Corporation's Shareholder's equity for January 1, 2020: Issued shares 20,000. How much are the retained earnings at year-end
Perform dupont analysis to assess company roe : For written report, it should consist of Introduction (Industry and company background), Analysis (Financial Ratio Analysis, DuPont Analysis, and Capital Struct
Analyze integrated marketing communications : Develop your pricing and promotional strategy. How will it focus on your target market? Analyze Integrated Marketing Communications.
Benefits and disadvantages of bank holding companies : References: Investment Banks, Hedge Funds and Private Equity, 3rd Edition (David P. Stowell)
Estimates of the annual cash inflows : A corporation is assessing the risk of two capital budgeting proposals. The financial analysts have developed pessimistic, most likely, and optimistic estimates

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.

  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!

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