Question
CBakal Corporation's records included the following shareholders' equity accounts: Preference share capital, P25 par. Authorized issue, 200,000 shares of which? shares are issued and outstanding3,250,000
CBakal Corporation's records included the following shareholders' equity accounts:
Preference share capital, P25 par. Authorized
issue, 200,000 shares of which?
shares are issued and outstanding3,250,000
Share premium-preference share650,000
Ordinary Share Capital, P15 stated value.
Authorized issue of 100,000 shares
of which?shares are issued and
outstanding750,000
Subscribed Ordinary Share Capital250,000
Share premium-ordinary share 300,000
Q11How many preference shares are issued and outstanding?
Q12What was the average issue price of preference shares?
Q13How many ordinary shares were issued?
Q14What was the average issue price of ordinary shares assuming that the subscribed ordinary shares are subscribed at stated value?
Q15How many ordinary shares are still available for subscription?
Q16How many preference shares are still available for subscription?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started