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

Answered: The shareholders' equity of Bamboo…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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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 par
Ordinary share capital, P 20 par
Preference share premium
2019
P 1,000,000
2018
P 600,000
1,800,000
2,000,000
16,000
Ordinary share premium
Retained earnings
3,750,000
4,350,000
80,000
180,000

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