The shareholders equity section of N Company at the end of the 2021 and 2020 are as follows: (2021) 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. How many ordinary shares were issued in 2021?
Below are 3 questions with answers,
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 the
Ordinary share capital, 10,000 shares issued P300,000
Share premium 100,000
Treasury shares, 1,000 shares
35,000
During 2021, the corporation declared and distributed 15% bonus issue when the fair market value of the shares was P42 per share. What is the balance of the ordinary share capital after the distribution of the bonus issue? Give your answer in this format xxx,xxx
Answer: 450,000
"The shareholders equity section of N Company at the end of the 2021 and 2020 are as follows: (2021) 10%
Answer: 20,000 shares
"The following are found in the
Answer: P2,600,000
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
