BFAR Corp. has 200,000 shares authorized and has the following information at the end of its first year of operation: Share Capital, P75 par value: $7,500,000 Share Premium: P405,000 . Accumulated Profits: P1,234,000 What was the issue price per share? Do not round-off intermediate computations (step calculations) but round-off final answer to nearest centavos (2 decimal places) if the final answer is not a whole number.

BFAR Corp. has 200,000 shares authorized and has the following information at the end of its first year of operation: Share Capital, P75 par value: $7,500,000 Share Premium: P405,000 . Accumulated Profits: P1,234,000 What was the issue price per share? Do not round-off intermediate computations (step calculations) but round-off final answer to nearest centavos (2 decimal places) if the final answer is not a whole number.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The Statement of Financial Position of Cardo Inc. shows P30 par value Ordinary Share Capital, authorized shares of 15,000 with 1,200 shares issued at P 33/share and 3,000 shares subscribed at P40/share at the beginning of the year. At the end of the year, the issued shares totaled 6,400 and subscribed shares are now 1,300 shares (collectible immediately). If no other subscriptions were made during the year, the shares issued for cash the year would be _____shares.
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What is the diluted earnings per share?(Present answer in 2 decimal places, example: x.xx)
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