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
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0da8e36-d614-4669-8dfd-04fdabac898b%2F4a9a49ca-a665-4d1f-bd07-ca0de4fea36b%2F1wng07_processed.jpeg&w=3840&q=75)
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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