Question: . Shown below is information relating to the stockholders' equity of Brookland Corporation at December 31, 2019: 11% cumulative preferred stock, Rs.130 par, 100,000 shares

. Shown below is information relating to the stockholders' equity of Brookland Corporation at December 31, 2019:

11% cumulative preferred stock, Rs.130 par, 100,000 shares authorized, 10,000 shares issued

Rs.1300,000

Common stock, Rs 125 par, 100,000 shares authorized, 600,000 shares issued (of which 6000 are held in treasury)

Rs.750,000

Additional paid up capital: preferred stock

Rs. 500,000

Additional paid up capital: common stock

Rs. 900,000

Treasury stock

Rs. 6,000

Retained earnings

Rs. 1350,000

Required

  1. What was the issue price per share of the preferred stock?
  2. What was the issue price per share of common stock?
  3. How many shares of common stock are outstanding?
  4. What is the total amount of legal capital?
  5. What is the total paid-in capital?

b. Whats the effect of issuance bonus shares and right share on entitys total equity?

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