Homework Help is Here – Start Your Trial Now!
Business
Accounting
The shareholders' equity of Rockets Corporation at the end of 2020 and 2019 are as follows: 2020 2019 P 870,000 Ordinary Share Capital, P 10 par 12% Preference Share Capital, P 40 par Ordinary Share Premium P2,630,000 2,008,720 1,026,000 580,000 300,000 Preference Share Premium 322,128 123,000 Retained Earnings The average issue price of the Preference Shares issued in 2020 is? 5,640,000 3,920,000

The shareholders' equity of Rockets Corporation at the end of 2020 and 2019 are as follows: 2020 2019 P 870,000 Ordinary Share Capital, P 10 par 12% Preference Share Capital, P 40 par Ordinary Share Premium P2,630,000 2,008,720 1,026,000 580,000 300,000 Preference Share Premium 322,128 123,000 Retained Earnings The average issue price of the Preference Shares issued in 2020 is? 5,640,000 3,920,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

1. see image for the question and statment

choices: 
a. 176,000
b. 263,000
c. 204,000
d. 321,000

The shareholders' equity of Rockets Corporation at the end of 2020 and 2019 are as follows: 2020 2019 P 870,000 Ordinary Share Capital, P 10 par 12% Preference Share Capital, P 40 par Ordinary Share Premium P2,630,000 2,008,720 1,026,000 580,000 300,000 Preference Share Premium 322,128 123,000 Retained Earnings The average issue price of the Preference Shares issued in 2020 is? 5,640,000 3,920,000
Transcribed Image Text:The shareholders' equity of Rockets Corporation at the end of 2020 and 2019 are as follows: 2020 2019 P 870,000 Ordinary Share Capital, P 10 par 12% Preference Share Capital, P 40 par Ordinary Share Premium P2,630,000 2,008,720 1,026,000 580,000 300,000 Preference Share Premium 322,128 123,000 Retained Earnings The average issue price of the Preference Shares issued in 2020 is? 5,640,000 3,920,000
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Cash Flow Statement Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS