Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The shareholders equity section of Cruz Corp. on December 31, 20x1 appeared as follows: 10% Preference share, P50 par, 250,000 shares authorized, share issued ?
The shareholders equity section of Cruz Corp. on December 31, 20x1 appeared as follows: 10% Preference share, P50 par, 250,000 shares authorized, share issued ? Ordinary share, P20 par, 500,000 shares authorized, share issued and shares outstanding 2,000,000 Share premium - preference share 80,000 Share premium - ordinary 200,000 Retained earnings 2,500,000 Total Shareholders' Equity ?
How many ordinary shares are issued? What is the total issue price of ordinary share? What is the issue price per share of preference share?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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 Started