1. Using the data below, How many shares of preference share capital were issued during 2019?using data number 1, at what average price was the preference share capital issued during 2019? *using data number 1, assuming no other transactions affected the Retained Earnings except for the result of the corporation’s operations, how much is the 2019 profit (net loss)? The shareholders' equity of Bamboo Corporation at the end of 2019 and 2018 is as follows:Preference share capital, P 100 parOrdinary share capital, P 20 parPreference share premium2019P 1,000,0002018P 600,0001,800,0002,000,00016,000Ordinary share premiumRetained earnings3,750,0004,350,00080,000180,000

Number of preference share issue in 2019 = ( P 10,00,000 - P 6,00,000 ) / P 100 = 4,000

The shareholders' equity of Bamboo Corporation at the end of 2019 and 2018 is as follows: 2019 P 1,000,000 2,000,000 16,000 4,350,000 80,000 2018 P 600,000 1,800,000 Preference share capital, P 100 par Ordinary share capital, P 20 par Preference share premium Ordinary share premium Retained earnings 3,750,000 180,000

The shareholders' equity of Bamboo Corporation at the end of 2019 and 2018 is as follows: 2019 P 1,000,000 2,000,000 16,000 4,350,000 80,000 2018 P 600,000 1,800,000 Preference share capital, P 100 par Ordinary share capital, P 20 par Preference share premium Ordinary share premium Retained earnings 3,750,000 180,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 10P: Comprehensive The shareholders equity section of Superior Corporations balance sheet as of December...

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