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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Item No. 7 is based on the following information:neqx noiresinsgno b
Nel Corporation's general ledger accounts show among others, the
following: 9 to
gniuzel va
Preference Share Capital (20,000 authorized shares, par P 200)
Preference Share Premium--
P 3,400,000
- 200,000
edi bac
Ordinary Share Capital (100,000 authorized shares, value P 80)
Ordinary Share Capital in Excess of Stated Value
4,000,000
100,000
16r2
7. 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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9b2efc87-79a1-46c3-82cd-03aa0e5ee75b%2F23624fd9-f3fa-49fa-bc53-ccfc3bd2dedf%2Fz9z9e239f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Item No. 7 is based on the following information:neqx noiresinsgno b
Nel Corporation's general ledger accounts show among others, the
following: 9 to
gniuzel va
Preference Share Capital (20,000 authorized shares, par P 200)
Preference Share Premium--
P 3,400,000
- 200,000
edi bac
Ordinary Share Capital (100,000 authorized shares, value P 80)
Ordinary Share Capital in Excess of Stated Value
4,000,000
100,000
16r2
7. 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.
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