Reference no: EM132818403
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
problem 1: How many preference shares are issued and outstanding?
problem 2: What was the average issue price of preference shares?
problem 3: How many ordinary shares were issued?
problem 4: What was the average issue price of ordinary shares assuming that the subscribed ordinary shares are subscribed at stated value?
problem 5: How many ordinary shares are still available for subscription?
problem 6: How many preference shares are still available for subscription?