The stockholders’ equity of A Company at the end of 2023 and 2022 are as follows: 2023 2022 Preferred stock, P100 par, 12% P1,000,000 P 600,000 Common stock, P20 par 2,000,000 1,800,000 Paid in capital in excess of par Preferred 16,000 - Common 4,350,000 3,750,000 Retained earnings 80,000 180,000 At what price per share are the shares of preferred stock issued in 2023?
The stockholders’ equity of A Company at the end of 2023 and 2022 are as follows: 2023 2022 Preferred stock, P100 par, 12% P1,000,000 P 600,000 Common stock, P20 par 2,000,000 1,800,000 Paid in capital in excess of par Preferred 16,000 - Common 4,350,000 3,750,000 Retained earnings 80,000 180,000 At what price per share are the shares of preferred stock issued in 2023?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The
|
2023 |
2022 |
Preferred stock, P100 par, 12% |
P1,000,000 |
P 600,000 |
Common stock, P20 par |
2,000,000 |
1,800,000 |
Paid in capital in excess of par |
|
|
Preferred |
16,000 |
- |
Common |
4,350,000 |
3,750,000 |
|
80,000 |
180,000 |
At what price per share are the shares of preferred stock issued in 2023?
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