BFAR Corporation has the following information in order: • Authorized Ordinary share capital of 500,000 shares at P4 par value. ● Issued 300,000 ordinary shares at P6.00 per share. Issued 50,000 in exchange of printing equipment at P100,000. Reacquired 24,000 shares at P5. Declared share dividend of 10%. Compute the total ordinary shares outstanding. ● ● ● ● 358,600 411,400 361,000 374,000

BFAR Corporation has the following information in order: • Authorized Ordinary share capital of 500,000 shares at P4 par value. ● Issued 300,000 ordinary shares at P6.00 per share. Issued 50,000 in exchange of printing equipment at P100,000. Reacquired 24,000 shares at P5. Declared share dividend of 10%. Compute the total ordinary shares outstanding. ● ● ● ● 358,600 411,400 361,000 374,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 5MCQ

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The following transactions were taken from BFAR Corporation: Authorized Ordinary share capital of 500,000 shares at P10 par value. • The total Subscriptions of equity shares is 120,000 shares at a subscription price of P15 per share Half of the total subscriptions were fully paid and Share Certificates have been issued. The balance of total subscriptions has P720,000 outstanding receivable. Compute the issued share capital. ● O 720,000 O 1,800,000 O 600,000 O 1,080,000
BFAR Corporation has the following information in its shareholders' equity: Ordinary Share Capital of P1,600,000 - P200 par value Share Premium, P400,000 Accumulated Profits of P900,000. ● A share dividend of 6% was declared when the share is selling at P500 per share. Compute the balance of Accumulated Profits after dividend declaration.
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ABC Cor. reported P3,000,000 of ordinary share capital and P4,500,000 of additional paid-in capital on its balance sheet. Ordinary shares issued and outstanding is 500,000 shares. The book value per share is a. P6 b. P9 c. P15 d. not determinable e. answer not given
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