Question: SCORE: SECTION: PROFESSOR: Problem #19 The shareholders' equity section of Nazario Freight Express, Inc. as at Dec. 31, 2018 appeared as follows: 6% Preference Shares,

SCORE: SECTION: PROFESSOR: Problem #19 The shareholders' equity section of Nazario Freight Express, Inc. as at Dec. 31, 2018 appeared as follows: 6% Preference Shares, P75 par, 200,000 shares authorized, 70,000 shares issued ? Ordinary Shares, P5 stated value, 500,000 shares authorized, share issued and shares outstanding 500,000 Share Premium-Ordinary 600,000 Retained Earnings 1,000,000 Total Share Capital and Retained Earnings Less: Treasury Stock - Ordinary, 10,000 shares, at Cost 40,000 Total Shareholders' Equity P Required: Provide the answers to each of the following questions: 1. What is the total issue price of the preference shares? 2. How many ordinary shares were issued? 3. How many ordinary shares are outstanding? 4. What was the total issue price of the ordinary shares? 5. . What is the total legal capital of the corporation? 6. What is the total contributed capital of the corporation? 7. What is the total shareholders' equity? 8. For how much per share was the treasury stock purchased? 9. What is the amount of the required preference dividends

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