Question
Shena Company reported the following accounts in the year-end trial balance: Preference share capital authorized (P100 par value), 2,500,000; Ordinary share capital(authorized 100,000 shares, no
Shena Company reported the following accounts in the year-end trial balance: Preference share capital authorized (P100 par value), 2,500,000; Ordinary share capital(authorized 100,000 shares, no par value,issued 90,000 shares, P15 stated value), 1,350,000; Subscription receivable, ordinary, 85,000; Subscription receivable, preferred, 100,000; Preference share capital subscribed, 150,000; Ordinary share capital subscribed, 135,000; Treasury preference shares (2,500 shares at cost), 300,000; Retained Earnings, 1,000,000; and Share premium – ordinary, 475,000. What is the total issued share capital? *
a. 3,850,000
b. 1,539,000
c. 1,350,000
d. 2,950,000
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
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