What is the average issue price of preference shares

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Question - On December 31, 2020, the shareholders' equity of BSA Corporation showed 10,000 shares authorized P1,000 par value 6% Preference Share, 1,000 shares issued and outstanding; Share Premium-Preference P300,000; 500,000 shares P5 par value Ordinary shares authorized, 200,000 shares issued, 190,000 shares outstanding; Share Premium-Ordinary P400,000, Retained Earnings P500,000 and Treasury Stock P100,000. What is the average issue price of preference shares?

A) P1,700

B) P1,000

C) P 300

D) P1,300

Reference no: EM133125400

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