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SHAREHOLDER'S EQUITY Problems Problem 1 AA Company reported the following equity accounts: Preference share capital, par valueP15 2,550,000 Share premium, preference share150,000 Ordinary share capital,

SHAREHOLDER'S EQUITY Problems

Problem 1

AA Company reported the following equity accounts:

Preference share capital, par valueP15 2,550,000

Share premium, preference share150,000

Ordinary share capital, no par, P50 stated value3,000,000

What is number of issued and outstanding shares for each class?

OrdinaryPreferenceOrdinaryPreference

a.60,000170,000c.63,000170,000

b.60,000180,000d.63,000180,000

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