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?