CFAS Corporation provided the following information from their financiat statements Dec. 31. 2021 Dec. 31. 2022 Ordinary share capital, P20 par P14.000.000 P16,500,000 Share premium 5.650.000 8.320,000 Retained eamings 3.250.000 6.190.000 Treasury shares (at cost) 2.300,000 3,675,000 Treasury shares were 100,000 shares on December 31, 2021 and 150.000 shares on December 31, 2022.(Onput your anwens as fiures do NOT put any coma peso sign or extia spaces Es if your answer is one thousand, please input 100): 1. What is the number of outstanding shares on December 31, 20217 2. What is the number of outstanding shares on December 31. 20227 3. How many shares were issued during 2022? 4. What was the average price of additional shares issued in 2022? (Round answer off to two decimal places)
CFAS Corporation provided the following information from their financiat statements Dec. 31. 2021 Dec. 31. 2022 Ordinary share capital, P20 par P14.000.000 P16,500,000 Share premium 5.650.000 8.320,000 Retained eamings 3.250.000 6.190.000 Treasury shares (at cost) 2.300,000 3,675,000 Treasury shares were 100,000 shares on December 31, 2021 and 150.000 shares on December 31, 2022.(Onput your anwens as fiures do NOT put any coma peso sign or extia spaces Es if your answer is one thousand, please input 100): 1. What is the number of outstanding shares on December 31, 20217 2. What is the number of outstanding shares on December 31. 20227 3. How many shares were issued during 2022? 4. What was the average price of additional shares issued in 2022? (Round answer off to two decimal places)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
10
Transcribed Image Text:CFAS Corporation provided the following information from their financlat statements
Dec. 31. 2021
Dec. 31. 2022
Ordinary share capital, P20 par
P14.000.000
P16,500,000
Share premium
5,650,000
8.320,000
Retained eamings
3.250.000
6.190.000
Treasury shares (at cost)
2.300,000
3,675,000
Treasury shares were 100,000 shares on December 31, 2021 and 150.000 shares on December 31, 2022.Onput your onwers as fures, do NOT put any comma, peso sign
or extra spaces Es if your answer is one thousand, please input 1000:
1. What is the number of outstanding shares on December 31, 2021?
2. What is the number of outstanding shares on December 31. 20227
3. How many shares were issued during 2022?
4. What was the average price of additional shares issued in 2022? (Round answer off to two decimal places)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education