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
- What was the issue price per share of the preferred stock?
- What was the issue price per share of common stock?
- How many shares of common stock are outstanding?
- What is the total amount of legal capital?
- 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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