BFAR Corporation has the following information in order: • Authorized Ordinary share capital of 500,000 shares at P4 par value. ● Issued 300,000 ordinary shares at P6.00 per share. Issued 50,000 in exchange of printing equipment at P100,000. Reacquired 24,000 shares at P5. Declared share dividend of 10%. Compute the total ordinary shares outstanding. ● ● ● ● 358,600 411,400 361,000 374,000
BFAR Corporation has the following information in order: • Authorized Ordinary share capital of 500,000 shares at P4 par value. ● Issued 300,000 ordinary shares at P6.00 per share. Issued 50,000 in exchange of printing equipment at P100,000. Reacquired 24,000 shares at P5. Declared share dividend of 10%. Compute the total ordinary shares outstanding. ● ● ● ● 358,600 411,400 361,000 374,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![BFAR Corporation has the following information in order:
Authorized Ordinary share capital of 500,000 shares at P4 par value.
Issued 300,000 ordinary shares at P6.00 per share.
Issued 50,000 in exchange of printing equipment at P100,000.
Reacquired 24,000 shares at P5.
. Declared share dividend of 10%.
Compute the total ordinary shares outstanding.
●
●
358,600
O 411,400
O361,000
374,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1b5b6865-e101-4176-8113-9d7ab71bac1c%2F6e120fb4-fb51-468c-ad05-1413685b568a%2Fmu2zvim_processed.jpeg&w=3840&q=75)
Transcribed Image Text:BFAR Corporation has the following information in order:
Authorized Ordinary share capital of 500,000 shares at P4 par value.
Issued 300,000 ordinary shares at P6.00 per share.
Issued 50,000 in exchange of printing equipment at P100,000.
Reacquired 24,000 shares at P5.
. Declared share dividend of 10%.
Compute the total ordinary shares outstanding.
●
●
358,600
O 411,400
O361,000
374,000
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