The shareholders' equity of Janet Corporation at the end of 2018 and 2017. are as follows: 12% Preference Share, P100 par Ordinary Share, P20 par Share Premium - Preference Share Premium – Ordinary 2018 P1,000,000 2,000,000 160,000 800,000 2017 P 600,000 1,800,000 400,000 What is the total number of ordinary shares issued at December 31, 2018? _4. 5. How many preference shares were issued during 2018? 6. What is the average issue price per share of the preference issued in 2018?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please answer numbers 4, 5, 6. Show complete solution and brief explanation. 

В.
The shareholders' equity of Janet Corporation at the end of 2018 and 2017.
are as follows:
2018
P1,000,000
2017
P 600,000
1,800,000
12% Preference Share, P100 par
Ordinary Share, P20 par
Share Premium - Preference
Share Premium – Ordinary
2,000,000
160,000
800,000
400,000
What is the total number of ordinary shares issued at
December 31, 2018?
_4.
5.
How many preference shares were issued during
2018?
What is the average issue price per share of the
preference issued in 2018?
6.
7.
How many ordinary shares were issued in 2018?
8.
What is the average issue price per share of the
ordinary shares issued in 2018?
11
B.
Transcribed Image Text:В. The shareholders' equity of Janet Corporation at the end of 2018 and 2017. are as follows: 2018 P1,000,000 2017 P 600,000 1,800,000 12% Preference Share, P100 par Ordinary Share, P20 par Share Premium - Preference Share Premium – Ordinary 2,000,000 160,000 800,000 400,000 What is the total number of ordinary shares issued at December 31, 2018? _4. 5. How many preference shares were issued during 2018? What is the average issue price per share of the preference issued in 2018? 6. 7. How many ordinary shares were issued in 2018? 8. What is the average issue price per share of the ordinary shares issued in 2018? 11 B.
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