User Account

All Pages

What is amount of retained earnings available for dividends

Assignment Help Accounting Basics
Reference no: EM133184761

Question - At the beginning of the current year, Flash Company had retained earnings of P4,000,000. During the year, the entity reported net income of P2,345,678, sold treasury shares at a "gain" of P720,000, declared a cash dividend of P1,200,000, and declared and issued a small share dividend of 60,000 shares with P10 par value when the fair value of the share was P22. What is the amount of retained earnings available for dividends at the end of the current year?

Reference no: EM133184761

Questions Cloud

Calculate expected value of total dollar amount of losses : On Tuesday, ABC Produce expects Package B to be delivered. Package B contains $6,000 worth of food. Calculate expected value of total dollar amount of losses
What is the dividend payable on december : On December 1, 2021, the carrying amount of a one-bedroom flat is P1,000,000 and the fair value is P1,500,000. What is the dividend payable on December
Prepare the worksheet consolidation entries needed to remove : Prepare the worksheet consolidation entries needed to remove the effects of the intercompany sale of land in preparing the consolidated financial statements
What is the dividend payable that should be recognized : Each car has a fair value of P600,000 and carrying amount of P450,000. What is the dividend payable that should be recognized
What is amount of retained earnings available for dividends : At the beginning of the current year, Flash Company had retained earnings of P4,000,000. What is amount of retained earnings available for dividends
How much should x report as his gross income : Sale of a land in Marikina not used in business (with a FMV of P2,900,000), P3,300,000. How much should X report as his gross income
How much amount is to be included as part of gross income : Charlotte was injured in a vehicular accident in 2022. He incurred and paid medical expenses of P120,000. How much amount is to included as part of gross income
What amount of retained earnings should be capitalized : Share capital, par P25, authorized 150,000 shares, Treasury shares, at cost 150,000. What amount of retained earnings should be capitalized
How much is the basic income tax due of x for taxable year : Also, X claimed in his income tax return a personal exemption of 50,000, as head of the family. How much is the basic income tax due of X for Taxable Year

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