The shareholders' equity section of PRAY Corp. on December 31, 20x1 appeared as follows: ? Preference...

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The shareholders' equity section of PRAY Corp. on December 31, 20x1 appeared as follows: ? Preference share, P50 par, 250.000 shares authorized, share issued Ordinary share, P20 par, 500.000 shares authorized share issued and shares outstanding 2,000,000 Share premium-preference share 250,000 Share premium-ordinary 200,000 Retained earnings 2,500,000 50,000 Treasury shares ? Total Shareholders' Equity HOW MUCH IS THE ISSUE PRICE OF PREFERENCE SHARES? The shareholders' equity section of PRAY Corp. on December 31, 20x1 appeared as follows: ? Preference share, P50 par, 250.000 shares authorized, share issued Ordinary share, P20 par, 500.000 shares authorized share issued and shares outstanding 2,000,000 Share premium-preference share 250,000 Share premium-ordinary 200,000 Retained earnings 2,500,000 50,000 Treasury shares ? Total Shareholders' Equity HOW MUCH IS THE ISSUE PRICE OF PREFERENCE SHARES?

Answer rating: 100% (QA)

Step 1 Unappropriated Retained Earnings Unappropriated Retained earning which is described as the am... View the full answer