The following list of balances appeared, amongst others, in the books of Peterson (Pty) Ltd on 31 December 2023: ROrdinary share capital (shares issued at R2 each).........................................750 000Proceeds of 100 000 ordinary shares issued on 31 October 2023..................200 000 The following decisions were made by the directors on 31 December 2023 and must still be recorded in the books of Peterson (Pty) Ltd:Capitalization shares must be issued to the ordinary shareholders registered in the share register on 31 December 2023 in the ratio of one ordinary share at R1,50 for every five ordinary shares held.REQUIRED:The value of shares to be capitalised is?

The following amounts were reported on the December 31, 2022, balance sheet:Retained earnings $ 140,000Buildings and equipment, net of accumulated depreciation 150,000Accounts receivable 38,000Common stock 20,000Wages payable 5,000Cash 13,000Land 60,000Accounts payable 25,000Bonds payable 90,000Merchandise inventory 24,000The current ratio at December 31, 2022 was:

A company reported the following stockholders’ equity on January 1 of the current year:Common stock–$10 par value, 1,000,000 shares authorized; 270,000 shares issued $ 2,700,000Paid-in capital in excess of par value, common stock 1,280,000Retained earnings 1,695,000Total stockholders’ equity $ 5,675,000Prepare journal entries for the following selected transactions.March 1  Purchased 12,000 shares of its own stock for $25 cash per share.May 5  Sold 6,000 shares of its treasury stock for $25 cash per share.October 12  Sold 4,000 shares of its treasury stock for $26 cash per share.

Traders Ltd had the following equity balances at 1 April 2022:Share capital (400,000 shares)$1,250,000Retained earnings$5,030,225 The following transactions related to equity occurred in the year ended 31 March 2023:15 August 2022Declared interim share dividend of 10% of shares at $5.40 per share. 10 September 2022Shares issued for the interim share dividend.1 March 2023Declared final cash dividend of 13 cents per share for the year ended 31 March 2023What is the journal entry to record the issue of shares for the interim share dividend on 10 September 2022?Group of answer choicesDr Share dividends payable $216,000 Cr Share capital $216,000Dr Retained earnings $52,000 Cr Share capital $52,000Dr Dividends $52,000 Cr Cash $52,000Dr Cash $216,000 Cr Share capital $216,000

ORANGE Corporation is authorized to issue 250,000 ordinary shares at P 12.00 par value. During 2022, in its first year of operation, the following transactions occurred: • Issued 15,000 ordinary shares at P 18.00 on May 1. • Issued 25,000 ordinary shares at P 25.00 on August 1.• Reacquired 2,000 ordinary shares at P 12 per share on October 1.• Reissued 1,000 ordinary treasury shares at P 20 per share on December 1. How much is the balance of the Ordinary Shares as of Dec 31, 2022Group of answer choicesP423,000P891,000P415,000P480,000 PreviousNext

The following information was available for the year ended December 31, 2022:Sales $ 300,000Net income 50,000Average total assets 750,000Average total stockholders' equity 500,000Turnover for the year ended December 31, 2022 was: