The shareholders’ equity of Ceda Corporation is presented below: 10% Preference Share, 2,000 shares outstanding P200,000 Ordinary Shares, 5,000 shares outstanding 100,000 Preference share premium 20,000 Ordinary share premium 25,000 Retained Earnings 45,000 Compute the amount of issuance price forOrdinary Share?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
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35.The shareholders’ equity of Ceda Corporation is presented below:

10% Preference Share, 2,000 shares outstanding P200,000

Ordinary Shares, 5,000 shares outstanding 100,000

Preference share premium 20,000

Ordinary share premium 25,000

Retained Earnings 45,000

Compute the amount of issuance price forOrdinary Share?

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