The shareholder's equity of Bims Company at December 31, 2018 is presented as follows: 12% Preference share capital, P 200 par, 20,000 shares issued and outstanding P 4,000,000 Ordinary share capital, P 30 par, 300,000 shares issued and outstanding Share premium - Preference Additional paid in capital in excess of stated value - Ordinary Retained earnings 9,000,000 750,000 1,000,000 3,000,000 The following selected transactions relating to shareholder's equity were noted in 2019:

The shareholder's equity of Bims Company at December 31, 2018 is presented as follows: 12% Preference share capital, P 200 par, 20,000 shares issued and outstanding P 4,000,000 Ordinary share capital, P 30 par, 300,000 shares issued and outstanding Share premium - Preference Additional paid in capital in excess of stated value - Ordinary Retained earnings 9,000,000 750,000 1,000,000 3,000,000 The following selected transactions relating to shareholder's equity were noted in 2019:

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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