In: Accounting
ANLO Co. has the following information related to its accounts as of December 31, 2020:
Ordinary share capital, P50 par value |
P1,500,000 |
Preference share capital, P30 par value |
675,000 |
Share premium – ordinary |
600,000 |
Share premium – preference |
180,000 |
Retained earnings |
375,000 |
Treasury shares – ordinary, P55 cost per share |
412,500 |
What is the number of issued and outstanding shares for ordinary shares and preference shares respectively?
Please answer immediately.
No of issued Ordinary Share= 30000 Shares
No of issued Preference Share = 22500 Share
No of Outstanding Ordinary Shares = 22500 Share
No of Preference outstanding Share = 22500 Share
Total No of Outstanding shares = 45000 Shares
Number of Share issue = Paid up Share Capital / Face Value per share or Par Value
1)Number of Ordinary Share = P1500000/50
=30000 Shares
2) Number of Preference Share = 675000 / 30 =22500 Shares
3) Outstanding Share refers to the company shares held by all the Shareholder , including block of Shares held by institutional Investors , and restricted Shares owns by company's officer and Insider but excludes treasury Shares held company .
Treasury stock is common or preferred stock that has been repurchased by the issuing corporation and is no longer part of the outstanding shares that trade on stock markets.
Treasury Share = 412500/55 =7500 Shares
1) Outstanding Ordinary Share = No of Share issue to ordinary Share holder - Ordinary Treasury Stock
=30000-7500
=22500 Shares
2) Outstanding Preference Share = 22500 Shares
Total Outstanding Share = 22500+22500=45000 Shares