Using the information below, how may Ordinary shares were issued in 2020? The shareholders' equity of Rockets Corporation at the end of 2020 and 2019 are as follows: 2019 P 870,000 2020 Ordinary Share Capital, P 10 par 12% Preference Share Capital, P 40 par Ordinary Share Premium P2,630,000 2,008,720 1,026,000 300,000 580,000 Preference Share Premium 322,128 123,000 Retained Farnings 5.640.000 3.920.000

Using the information below, how may Ordinary shares were issued in 2020? The shareholders' equity of Rockets Corporation at the end of 2020 and 2019 are as follows: 2019 P 870,000 2020 Ordinary Share Capital, P 10 par 12% Preference Share Capital, P 40 par Ordinary Share Premium P2,630,000 2,008,720 1,026,000 300,000 580,000 Preference Share Premium 322,128 123,000 Retained Farnings 5.640.000 3.920.000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 12E

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