Shena Company reported the following accounts in the year-end trial balance: Preference share capital authorized (P100 par value), 2,500,000; Ordinary share capital(authorized 100,000 shares, no par value,issued 90,000 shares, P15 stated value), 1,350,000; Subscription receivable, ordinary, 85,000; Subscription receivable, preferred, 100,000; Preference share capital subscribed, 150,000; Ordinary share capital subscribed, 135,000; Treasury preference shares (2,500 shares at cost), 300,000; Retained Earnings, 1,000,000; and Share premium – ordinary, 475,000. What is the total issued share capital? *

a. 3,850,000

b. 1,539,000

c. 1,350,000

d. 2,950,000

Answer rating: 100% (QA)

The correct answer is C 1350000 Supporting explanat... View the full answer