appeared as follows: The shareholders' equity section of Nazario Freight Express, Inc. as at Dec. 31, 2018 6% Preference Shares, P75 par, 200,000 shares authorized, 70,000 shares issued Ordinary Shares, P5 stated value, 500,000 shares authorized, share issued and shares outstanding 000'00s 000'009 000'000' Share Premium-Ordinary Retained Earnings Total Share Capital and Retained Earnings Less: Treasury Stock - Ordinary, 10,000 shares, at Cost Total Shareholders' Equity P. Required: Provide the answers to each of the following questions: 1. What is the total issue price of the preference shares? 2. How many ordinary shares were issued? 3. How many ordinary shares are outstanding? 4. What was the total issue price of the ordinary shares? 5. What is the total legal capital of the corporation? 6. What is the total contributed capital of the corporation? 7. What is the total shareholders' equity? 8. For how much per share was the treasury stock purchased? 9. What is the amount of the required preference dividends?
appeared as follows: The shareholders' equity section of Nazario Freight Express, Inc. as at Dec. 31, 2018 6% Preference Shares, P75 par, 200,000 shares authorized, 70,000 shares issued Ordinary Shares, P5 stated value, 500,000 shares authorized, share issued and shares outstanding 000'00s 000'009 000'000' Share Premium-Ordinary Retained Earnings Total Share Capital and Retained Earnings Less: Treasury Stock - Ordinary, 10,000 shares, at Cost Total Shareholders' Equity P. Required: Provide the answers to each of the following questions: 1. What is the total issue price of the preference shares? 2. How many ordinary shares were issued? 3. How many ordinary shares are outstanding? 4. What was the total issue price of the ordinary shares? 5. What is the total legal capital of the corporation? 6. What is the total contributed capital of the corporation? 7. What is the total shareholders' equity? 8. For how much per share was the treasury stock purchased? 9. What is the amount of the required preference dividends?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer and provide independent solution for each requirement.
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Problem #19
The shareholders' equity section of Nazario Freight Express, Inc. as at Dec. 31, 2018
appeared as follows:
6% Preference Shares, P75 par, 200,000 shares authorized,
70,000 shares issued
Ordinary Shares, P5 stated value, 500,000 shares authorized,
share issued and
shares outstanding
Share Premium-Ordinary
Retained Earnings
Total Share Capital and Retained Earnings
Less: Treasury Stock - Ordinary, 10,000 shares, at Cost
Total Shareholders' Equity
P.
Required:
Provide the answers to each of the following questions:
1. What is the total issue price of the preference shares?
2. How many ordinary shares were issued?
3. How many ordinary shares are outstanding?
4. What was the total issue price of the ordinary shares?
5. What is the total legal capital of the corporation?
6. What is the total contributed capital of the corporation?
7. What is the total shareholders' equity?
8. For how much per share was the treasury stock purchased?
9. What is the amount of the required preference dividends?
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