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The shareholders' equity of HUE Corporation on December 31 of the current year is shown below. Dividends are in arrears for two years. 6% Preference Share Capital, P100 par, 10,000 authorized, issued 6,000 shares P 600,000 Ordinary Share Capital No-par, P25 stated value, authorized 20,000 shares; issued 10,000 shares of which 1,000 shares are in the treasury Share Premium - Ordinary, no-par 250,000 46,000 Share Premium - Preference 30,000 Accumulated Profits 132,000 Appropriated for Plant Expansion Appropriated for Treasury Shares Treasury Shares - ordinary no-par, 1,000 sh. at cost 35,000 30,000 30,000 Requirements: D. Compute for the ff: 7. a. Compute for the number of outstanding shares - preference b. Compute for the number of outstanding shares - ordinary 8. a. Compute the amount of the outstanding shares - preference b. Compute the amount of the outstanding shares - ordinary

The shareholders' equity of HUE Corporation on December 31 of the current year is shown below. Dividends are in arrears for two years. 6% Preference Share Capital, P100 par, 10,000 authorized, issued 6,000 shares P 600,000 Ordinary Share Capital No-par, P25 stated value, authorized 20,000 shares; issued 10,000 shares of which 1,000 shares are in the treasury Share Premium - Ordinary, no-par 250,000 46,000 Share Premium - Preference 30,000 Accumulated Profits 132,000 Appropriated for Plant Expansion Appropriated for Treasury Shares Treasury Shares - ordinary no-par, 1,000 sh. at cost 35,000 30,000 30,000 Requirements: D. Compute for the ff: 7. a. Compute for the number of outstanding shares - preference b. Compute for the number of outstanding shares - ordinary 8. a. Compute the amount of the outstanding shares - preference b. Compute the amount of the outstanding shares - ordinary

FINANCIAL ACCOUNTING
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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Problem 3: (Book Value per share) The shareholders' equity of HUE Corporation on December 31 of the current year is shown below. Dividends are in arrears for two years. 6% Preference Share Capital, P100 par, 10,000 authorized, issued 6,000 shares P 600,000 Ordinary Share Capital No-par, P25 stated value, authorized 20,000 shares; issued 10,000 shares of which 1,000 shares are in the treasury Share Premium - Ordinary, no-par 250,000 46,000 Share Premium - Preference 30,000 Accumulated Profits 132,000 Appropriated for Plant Expansion Appropriated for Treasury Shares Treasury Shares - ordinary no-par, 1,000 sh. at cost 35,000 30,000 30,000 Requirements: D. Compute for the ff: 7. a. Compute for the number of outstanding shares - preference b. Compute for the number of outstanding shares - ordinary 8. a. Compute the amount of the outstanding shares - preference b. Compute the amount of the outstanding shares - ordinary
Transcribed Image Text:Problem 3: (Book Value per share) The shareholders' equity of HUE Corporation on December 31 of the current year is shown below. Dividends are in arrears for two years. 6% Preference Share Capital, P100 par, 10,000 authorized, issued 6,000 shares P 600,000 Ordinary Share Capital No-par, P25 stated value, authorized 20,000 shares; issued 10,000 shares of which 1,000 shares are in the treasury Share Premium - Ordinary, no-par 250,000 46,000 Share Premium - Preference 30,000 Accumulated Profits 132,000 Appropriated for Plant Expansion Appropriated for Treasury Shares Treasury Shares - ordinary no-par, 1,000 sh. at cost 35,000 30,000 30,000 Requirements: D. Compute for the ff: 7. a. Compute for the number of outstanding shares - preference b. Compute for the number of outstanding shares - ordinary 8. a. Compute the amount of the outstanding shares - preference b. Compute the amount of the outstanding shares - ordinary
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