Exercise 9 1 Statement Preparation
3
Beginning balances Issued 10,000 ordinary shares, P50 par at P62 each.* Issued12,000 preference shares, P100 par at P107.33 each** Received subscription of 2,000 preference shares at P108 each*** Subscription receivable - preference Received subscription of 15,000 ordinary shares at P57 each**** Subscription receivable - ordinary Reported Net income Total Shareholder's equity *500,000 + 120,000 = 620,000/10,000 = 62 per share ** 1,200,000 +88,000 = 1,288,000/12,000 = 107.33 per share *** 200,000 + 16,000 = 216,000/2,000 = P108 per share **** 750,000 + 105,000 = 855,000/15,000 = 57 per share Beginning balances Issued 14,000 ordinary shares at P60.29 each. Issued 22,000 preference shares at P106 each. Received subscription of 5,000 preference shares at P100 each Subscription receivable - preference Received subscription of 20,000 ordinary shares at P50 each Subscription receivable - ordinary Purchase of ordinary shares - 1,000 at P60 per share Received shares from shareholder as donation Sale of ordinary treasury shares at P65 Reported net income
-
Upload
cedric-yabyabin -
Category
Documents
-
view
223 -
download
11
description
Answer Exercise 9 1 Statement Preparation
Transcript of Exercise 9 1 Statement Preparation
AGATHA CORPORATION Statement of Changes in Shareholders Equity
For the year ended December 31, 2010
Beginning balances Issued 10,000 ordinary shares, P50 par at P62 each.* Issued12,000 preference shares, P100 par at P107.33 each** Received subscription of 2,000 preference shares at P108 each*** Subscription receivable - preference Received subscription of 15,000 ordinary shares at P57 each**** Subscription receivable - ordinary Reported Net income Total Shareholder's equity
*500,000 + 120,000 = 620,000/10,000 = 62 per share ** 1,200,000 +88,000 = 1,288,000/12,000 = 107.33 per share *** 200,000 + 16,000 = 216,000/2,000 = P108 per share **** 750,000 + 105,000 = 855,000/15,000 = 57 per share
AGATHA CORPORATION Statement of Changes in Shareholders Equity
For the year ended December 31, 2011
Beginning balances Issued 14,000 ordinary shares at P60.29 each. Issued 22,000 preference shares at P106 each. Received subscription of 5,000 preference shares at P100 each Subscription receivable - preference Received subscription of 20,000 ordinary shares at P50 each Subscription receivable - ordinary Purchase of ordinary shares - 1,000 at P60 per share Received shares from shareholder as donation Sale of ordinary treasury shares at P65 Reported net income
AGATHA CORPORATION Statement of Changes in Shareholders Equity
For the year ended December 31, 2010
Share capital Reserves
Accumulated profits Ordinary Preference Free Appropriated
- - - - - 500,000 120,000
1,200,000 88,000 200,000 16,000 (120,000)
750,000 105,000 (360,000)
1,000,000 890,000 1,280,000 329,000 1,000,000 -
AGATHA CORPORATION Statement of Changes in Shareholders Equity
For the year ended December 31, 2011
Share capital Reserves
Accumulated profits Ordinary Preference Free Appropriated
890,000 1,280,000 329,000 1,000,000 - 700,000 144,000
2,200,000 132,000 500,000 (180,000)
1,000,000 (540,000)
26,000 5,000
1,800,000 2,050,000 3,800,000 636,000 2,800,000 -
AGATHA CORPORATION Statement of Changes in Shareholders Equity
For the year ended December 31, 2010
Treasury shares Total
(at cost) - -
620,000 1,288,000 216,000 (120,000) 855,000 (360,000) 1,000,000
- 3,499,000
AGATHA CORPORATION Statement of Changes in Shareholders Equity
For the year ended December 31, 2011
Treasury shares Total
(at cost) - 3,499,000
844,000 2,332,000 500,000 (180,000) 1,000,000 (540,000)
60,000 (60,000) 26,000
(60,000) 65,000 1,800,000
- 9,286,000
