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    Institut Teknologi Bandung

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    INSTITUT TEKNOLOGI BANDUNG INSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNG

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    Institut Teknologi Bandung

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    INSTITUT TEKNOLOGI BANDUNG INSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNG

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    INSTITUT TEKNOLOGI BANDUNG

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    INSTITUT TEKNOLOGI BANDUNG INSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNG

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    55 views1 page

    Institut Teknologi Bandung

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    kpop 123
    INSTITUT TEKNOLOGI BANDUNG INSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNGINSTITUT TEKNOLOGI BANDUNG

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    of 1

    ASSIGMENT 1

    1. The following note related to equity was reported in Jinpain International's (CHN) annual report. On
    February 1, the Board of Directors declared a 2-for-1 share split, distributed on February 25 to
    shareholders of record on February 10. Accordingly, all numbers of common (ordinary) shares, except
    unissued shares and treasury shares, and all per share data have been restated to reflect this share split.
    Instructions
    a. What is the significance of the date of record and the date of distribution?
    b. Why might Jinpain have declared a 2-for-1 for share split?
    c. What impact does Jinpain's share split have on (1) total equity, (2) total par value, (3) outstanding
    shares, and (4) book value per share?

    2. The information below pertains to Barkley plc for 2019.


    Net income for the year ￡1,200,000
    8% convertible bonds issued at par (￡1,000 per bond); each bond is convertible into
    30 shares of ordinary shares; the liability component of the bonds is ￡1,800,000
    based on a market rate of 9% 2,000,000
    6% convertible, cumulative preference shares, ￡100 par value; each share is
    convertible into 3 shares of ordinary shares 4,000,000
    Ordinary shares, ￡10 par value 6,000,000
    Tax rate for 2019 40%
    Average market price of ordinary shares ￡25 pershare
    There were no changes during 2019 in the number of ordinary shares, preference shares, or convertible
    bonds outstanding. There are no treasury shares. The company also has ordinary share options (granted
    in a prior year) to purchase 75,000 ordinary shares at ￡20 per share.
    Instructions
    a. Compute basic earnings per share for 2019.
    b. Compute diluted earnings per share for 2019.

    3. Cardinal Paz Corp. carries an account in its general ledger called Investments, which contained debits
    for investment purchases, and no credits, with the following descriptions.
    Feb. 1,2019 Sharapova Company ordinary shares, $100 par, 200 shares $37,400
    April 1 Government bonds, 11%, due April 1, 2025, interest payable April 1
    and October 1, 110 bonds of $1,000 par each 110,000
    July 1 McGrath Company 12% bonds, par $50,000, dated March 1, 2019 purchased at 104,
    plus accrued interest payable annually on March 1, due March 1, 2039 54,000
    Instructions
    (Round all computations to the nearest dollar.)
    a. Prepare entries necessary to classify the amounts into proper accounts, assuming that Paz plans to
    actively manage these investments.
    b. Prepare the entry to record the accrued interest on December 31, 2019.
    c. The fair values of the investments on December 31, 2019, were:
    Sharapova Company shares $ 31,800
    Government bonds 124,700
    McGrath Company bonds 58,600
    What entry or entries, if any, would you recommend be made?
    d. The government bonds were sold on July 1, 2020, for $119,200 plus accrued interest. Give the
    proper entry.

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