The shareholders' equity of Rockets Corporation at the end of 2020 and 2019 are as follows: 2020 P2,630,000 2019 P 870,000 Ordinary Share Capital, P 10 par 12% Preference Share Capital, P 40 par Ordinary Share Premium 2,008,720 580,000 1,026,000 300,000 123,000 3,920,000 Preference Share Premium 322,128 Retained Earnings The average issue price of the Preference Shares issued in 2020 is? 5,640,000

The shareholders' equity of Rockets Corporation at the end of 2020 and 2019 are as follows: 2020 P2,630,000 2019 P 870,000 Ordinary Share Capital, P 10 par 12% Preference Share Capital, P 40 par Ordinary Share Premium 2,008,720 580,000 1,026,000 300,000 123,000 3,920,000 Preference Share Premium 322,128 Retained Earnings The average issue price of the Preference Shares issued in 2020 is? 5,640,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 67BE

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