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SEC registration papers of Padilla Corporation stated that a maximum issuance of 4,000,000 shares of Php1 par value common stock. After five years in the
SEC registration papers of Padilla Corporation stated that a maximum issuance of 4,000,000 shares of Php1 par value common stock. After five years in the business, Ruiz was able to issue 2,052,000 shares at Php17 per share. Later on, Ruiz reacquired 92,000 of these shares at Php25 per share. Based on this information, provide Ruiz Corporation's outstanding shares, Common Stock balance, and Treasury Stock balance. a) Outstanding Share 4,000,000, Common Stock Balance = Php 34.88MM, Treasury Stock Balance Php 2.3MM b) Outstanding Share 4,000,000, Common Stock Balance = Php 33.32MM, Treasury Stock Balance Php 2.3MM c) Outstanding Share 2,052,000, Common Stock Balance = Php 34.88MM, Treasury Stock Balance Php 2.3MM d) Outstanding Share 1,960,000, Common Stock Balance = Php 34.88MM, Treasury Stock Balance Php 2.3MM
a) Outstanding Share 4,000,000, Common Stock Balance = Php 34.88MM, Treasury Stock Balance Php 2.3MM
b) Outstanding Share 4,000,000, Common Stock Balance = Php 33.32MM, Treasury Stock Balance Php 2.3MM
c) Outstanding Share 2,052,000, Common Stock Balance = Php 34.88MM, Treasury Stock Balance Php 2.3MM
d) Outstanding Share 1,960,000, Common Stock Balance = Php 34.88MM, Treasury Stock Balance Php 2.3MM
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