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Question - CFAS Corporation provided the following information from their financial statements:
Dec. 31, 2021
Dec. 31, 2022
Ordinary share capital, P20 par
P14,000,000
P16,500,000
Share premium
5,650,000
8,320,000
Retained earnings
3,250,000
6,190,000
Treasury shares (at cost)
2,300,000
3,675,000
Treasury shares were 100,000 shares on December 31, 2021 and 150,000 shares on December 31, 2022. (Input your answers as figures, do NOT put any comma, peso sign or extra spaces. E.g. if your answer is one thousand, please input 1000):
1. What is the number of outstanding shares on December 31, 2021?
2. What is the number of outstanding shares on December 31, 2022?
3. How many shares were issued during 2022?
4. What was the average price of additional shares issued in 2022?
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