"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. What is the average issue price of the preference shares issued in 2021?"     P100 per share     P130 per share     P214 per share     P244 per share

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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"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. What is the average issue price of the preference shares issued in 2021?"
   
P100 per share
   
P130 per share
   
P214 per share
   
P244 per share
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