Question
How much total outstanding shares on November 30 will be ? The Himig Sikat Corporation was authorized to issue 80,000 preferred shares at P130 par
How much total outstanding shares on November 30 will be ?
The Himig Sikat Corporation was authorized to issue 80,000 preferred shares at P130 par value. The corporation sold the following shares during the year. Sep 12 Issued 18,000 shares at P165 Oct. 10 Sold 30,000 shares for P4,000,000 Nov. 08 Issued 15,000 shares at P160 per share On November 29, the company purchased treasury stocks of 8,000 shares at P175 per share.
Step by Step Solution
3.47 Rating (163 Votes )
There are 3 Steps involved in it
Step: 1
On September 12 the company issued 18000 shares at P165 so the total amount receive...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 StartedRecommended Textbook for
Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App