Item No. 7 is based on the following information:neqx noiresinsgno bNel Corporation's general ledger accounts show among others, thefollowing: 9 togniuzel vaPreference Share Capital (20,000 authorized shares, par P 200)Preference Share Premium--P 3,400,000- 200,000edi bacOrdinary Share Capital (100,000 authorized shares, value P 80)Ordinary Share Capital in Excess of Stated Value4,000,000100,00016r27. The issued preference and ordinary shares, respectively, are:a. 17,000 and 50,000.C.18,000 and 50,000.b. 17,000 and 51,250.d. 20,000 and 100,000.

Shares: Shares are the units of the total stock of a company that show the fractional ownership of…

Nel Corporation's general ledger accounts show among others, the following: 6Y69 pits uzzi yd bi P 3,400,000 ‒‒‒‒‒‒‒ Preference Share Capital (20,000 authorized shares, par P 200) --- Preference Share Premium------- 200,000 ‒‒‒‒‒‒- 4,000,000 Ordinary Share Capital (100,000 authorized shares, value P 80) - Ordinary Share Capital in Excess of Stated Value -- 100,000 7. The issued preference and ordinary shares, respectively, are: a. 17,000 and 50,000. b. 17,000 and 51,250. c. 18,000 and 50,000. d. 20,000 and 100,000.

Nel Corporation's general ledger accounts show among others, the following: 6Y69 pits uzzi yd bi P 3,400,000 ‒‒‒‒‒‒‒ Preference Share Capital (20,000 authorized shares, par P 200) --- Preference Share Premium------- 200,000 ‒‒‒‒‒‒- 4,000,000 Ordinary Share Capital (100,000 authorized shares, value P 80) - Ordinary Share Capital in Excess of Stated Value -- 100,000 7. The issued preference and ordinary shares, respectively, are: a. 17,000 and 50,000. b. 17,000 and 51,250. c. 18,000 and 50,000. d. 20,000 and 100,000.

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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