ANLO Co. has the following information related to its accounts as of December 31, 2020: Ordinary...

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.

Solutions

Expert Solution

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

ekkarill92 answered 1 year ago

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