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The shareholders equity section of Batangas Corporation Statement of Financial Position at the end of its first year of operation appears as follows: 7% Preference
The shareholders equity section of Batangas Corporation Statement of Financial Position at the end of its first year of operation appears as follows: 7\% Preference Share Capital, P100 par value, 100,000 shares authorized. P 7,500,000 Required: On the basis of the above information, answer the following questions and show necessary supporting computations: a. How many preference shares have been issued? b. How many ordinary shares have been issued? c. What was the issue price per share of preference shares? d. What was the issue price per share of ordinary shares? e. What is the total amount of legal capital? f. What is the total amount of contributed capital
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