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What is the average price of ordinary shares issued

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Reference no: EM132201911

Question - The following data were extracted from the records of Reflection Corporation:

No par ordinary shares, 20,000 shares issued P1,000,000

6% Preference shares, P100 par 500,000

Retained earnings 400,000

Share premium - ordinary 360,000

Share premium - preference 50,000

Subscribed ordinary shares 200,000

Subscription receivable - ordinary 100,000

Treasury shares - ordinary 1,000 shares 60,000

Required:

A. How many preference shares were issued?

B. Is the no par value ordinary share with or without a stated value? How can you tell?

C. What is the average price of ordinary shares issued and subscribed?

D. Using the average price computed in C above, how much cash was already received on the subscribed ordinary shares.

E. How much is the total share capital?

F. How much is the legal capital?

G. How much is the cost per treasury share?

H. How many ordinary shares are outstanding?

I. How much is the total stockholder's equity

J. How much is the annual preference dividend requirement?

Reference no: EM132201911

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