Reference no: EM132866051
Question - C Bakal Corporation's records included the following shareholders' equity accounts:
Preference share capital, P25 par. Authorized issue, 200,000 shares of which shares are issued and outstanding 3,250,000
Share premium-preference share 650,000
Ordinary Share Capital, P15 stated value.
Authorized issue of 100,000 shares of which shares are issued and outstanding 750,000
Subscribed Ordinary Share Capital 250,000
Share premium-ordinary share 300,000
Required -
Q1. How many preference shares are issued and outstanding?
Q2. What was the average issue price of preference shares?
Q3. How many ordinary shares were issued?
Q4. What was the average issue price of ordinary shares assuming that the subscribed ordinary shares are subscribed at stated value?
Q5. How many ordinary shares are still available for subscription?
Q6. How many preference shares are still available for subscription?
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