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? ●
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text: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?
●
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