cash received from the issuance of new ordinary shares

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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FINANCING ACTIVITIES

How much is the cash received from the issuance of new ordinary shares?

Statement of Cash Flows, Financing Activities. An analysis of BACOLOD, Inc.'s
Stockholders' Equity section of its Statement of Financial Position at December 31, 2021
are as follows:
December 31, 2021
January 1, 2021
4,000,000
5,250,000 P
Ordinary share capital, P10 par
Share premium
Retained earnings, unappropriated
1,250,000
750,000
2,750,000
3,450,000
The following transactions happened during the year:
(1) The company issued 125,000 ordinary shares at an undisclosed amount.
(2) The company earned a net profit of P2,050,000 and paid dividends at the end of year
at an undisclosed amount.
Transcribed Image Text:Statement of Cash Flows, Financing Activities. An analysis of BACOLOD, Inc.'s Stockholders' Equity section of its Statement of Financial Position at December 31, 2021 are as follows: December 31, 2021 January 1, 2021 4,000,000 5,250,000 P Ordinary share capital, P10 par Share premium Retained earnings, unappropriated 1,250,000 750,000 2,750,000 3,450,000 The following transactions happened during the year: (1) The company issued 125,000 ordinary shares at an undisclosed amount. (2) The company earned a net profit of P2,050,000 and paid dividends at the end of year at an undisclosed amount.
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