"The shareholders equity section of N Company at the end of the 2021 and 2020 are as follows: (2019) 10% Preference share, P100 par P1,500,000; Ordinary share, P20 par P1,000,000; Share premium-preference P210,000; Share premium-ordinary P400,000 (2020) 10% Preference share, P100 par P800,000; Ordinary share, P20 par P600,000; Share premium-ordinary P200,000. What is the total number of ordinary shares issued as of December 31, 2021?" Answer: "50,000 shares"
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Please give solutions and explanation to the following questions. The correct answer is already given, just provide me with solution.
AS PER BARTLEBY, YOU WILL ANSWER THE FIRST THREE QUESTIONS... please, don't answer just one question, it's unfair
"The shareholders equity section of N Company at the end of the 2021 and 2020 are as follows: (2019) 10%
Answer: "50,000 shares"
During its first year of operations, TLTH Corporation had the following transactions relating to its ordinary shares:
- Issued 80,000 shares for cash at P60 per share.
- Issued 500 shares to lawyers in payment of a bill for P35,000 for services rendered in helping the company to register the corporation
- Issued 30,000 shares for cash at P68 per share.
- Issued 10,000 shares for cash at P75 per share.
If there is no par value but the stated value is P60 per share, what is the total legal capital? Give your answer in this format x,xxx,xxx
Answer: 7,625,000
"P Corporation had the following shareholders equity account before the declaration of cash dividend: 10%, P100 par preference share capital P10,000,000; P50 par ordinary share capital P10,000,000; Share premium preference share P1,000,000; Share premium ordinary share P2,000,000;
Answer: "P3,000,000 to preference shares and P2,000,000 to ordinary shares"
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