BFAR Corp. was authorized to issue 200,000 ordinary shares with P50 par value. The company had the following chronological transactions during the year: • Issued 80,000 shares at P60 per share • Received subscription for 37,000 shares at par Re-acquired 9,000 treasury shares at P65 per share • Re-issued 2,400 treasury shares at P30 per share How many shares are outstanding at year-end? ●

BFAR Corp. was authorized to issue 200,000 ordinary shares with P50 par value. The company had the following chronological transactions during the year: • Issued 80,000 shares at P60 per share • Received subscription for 37,000 shares at par Re-acquired 9,000 treasury shares at P65 per share • Re-issued 2,400 treasury shares at P30 per share How many shares are outstanding at year-end? ●

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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