Reference no: EM132966816
Problem - The shareholders' equity section of Angeles Corporation's statement of financial position at the end of the current year follows:
8% Preference shares, P100 par, 30,000 shares authorized, 10,000 shares issued P1,000,000
Ordinary shares, no-par, stated value of P5, 200,000 shares authorized 750,000
Share Premium - Preference shares 130,000
Share Premium - Ordinary shares 3,300,000
Retained Earnings 1,400,000
Total Shareholders' Equity P6,580,000
Required - How many ordinary shares have been issued and outstanding, respectively?
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