. During the current year, an entity issued 20,000 preference shares of P100 par value for P3,250,000 with 20,000 warrants to acquire 10,000, P50 par value ordinary shares at P60 per share. On the date of the issuance, the market values are 120 for preference and 10 for a warrant. If subsequently, 75% of the warrants were exercised, the amount that will be credited to share premium-issuance is?
. During the current year, an entity issued 20,000 preference shares of P100 par value for P3,250,000 with 20,000 warrants to acquire 10,000, P50 par value ordinary shares at P60 per share. On the date of the issuance, the market values are 120 for preference and 10 for a warrant. If subsequently, 75% of the warrants were exercised, the amount that will be credited to share premium-issuance is?
. During the current year, an entity issued 20,000 preference shares of P100 par value for P3,250,000 with 20,000 warrants to acquire 10,000, P50 par value ordinary shares at P60 per share. On the date of the issuance, the market values are 120 for preference and 10 for a warrant. If subsequently, 75% of the warrants were exercised, the amount that will be credited to share premium-issuance is?
4. During the current year, an entity issued 20,000 preference shares of P100 par value for P3,250,000 with 20,000 warrants to acquire 10,000, P50 par value ordinary shares at P60 per share. On the date of the issuance, the market values are 120 for preference and 10 for a warrant. If subsequently, 75% of the warrants were exercised, the amount that will be credited to share premium-issuance is?
Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
