Using the information below, how may Ordinary shares were issued in 2020? The shareholders' equity of Rockets Corporation at the end of 2020 and 2019 are as follows: 2019 P 870,000 2020 Ordinary Share Capital, P 10 par 12% Preference Share Capital, P 40 par Ordinary Share Premium P2,630,000 2,008,720 1,026,000 300,000 580,000 Preference Share Premium 322,128 123,000 Retained Farnings 5.640.000 3.920.000
Using the information below, how may Ordinary shares were issued in 2020? The shareholders' equity of Rockets Corporation at the end of 2020 and 2019 are as follows: 2019 P 870,000 2020 Ordinary Share Capital, P 10 par 12% Preference Share Capital, P 40 par Ordinary Share Premium P2,630,000 2,008,720 1,026,000 300,000 580,000 Preference Share Premium 322,128 123,000 Retained Farnings 5.640.000 3.920.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Using the information below, how may Ordinary shares were issued in 2020? *
The shareholders' equity of Rockets Corporation at the end of 2020 and 2019 are as
follows:
2019
P 870,000
2020
Ordinary Share Capital, P 10 par
12% Preference Share Capital, P 40 par
Ordinary Share Premium
Preference Share Premium
P2,630,000
2,008,720
1,026,000
580,000
300,000
322,128
123,000
Retained Earnings
5,640,000
3,920,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F68adf17e-332d-464c-bb4a-957c8b6b9c8f%2F20506f97-e209-4f3a-ac3c-6c0ee07dfb00%2F4wu80n9_processed.png&w=3840&q=75)
Transcribed Image Text:Using the information below, how may Ordinary shares were issued in 2020? *
The shareholders' equity of Rockets Corporation at the end of 2020 and 2019 are as
follows:
2019
P 870,000
2020
Ordinary Share Capital, P 10 par
12% Preference Share Capital, P 40 par
Ordinary Share Premium
Preference Share Premium
P2,630,000
2,008,720
1,026,000
580,000
300,000
322,128
123,000
Retained Earnings
5,640,000
3,920,000
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