Typecast, Inc. was incorporated on January 2, 2019 with the following authorized capitalization: • 10,000 shares of preference share capital, P 100 par; • 40,000 shares of ordinary share capital, P 40 stated value. During 2019, Typecast issued 24,000 Ordinary shares for a total of P 1,200,000 and 6,000 shares of Preference share capital at P 106 per share. In addition, on December 20, 2019, subscriptions for 2,000 shares of Preference share capital were taken at a subscription price of P 107. These subscribed shares were paid for on January 2, 2020. How much is the total contributed capital as shown in the shareholders’ equity section of the statement of financial position of Typecast, Inc. at the end of 2019? Using data in no. 9, what was the original issue price per share of Ordinary share capital?
Typecast, Inc. was incorporated on January 2, 2019 with the following authorized capitalization: • 10,000 shares of
Using data in no. 9, what was the original issue price per share of Ordinary share capital?
Step by step
Solved in 2 steps
