LUCIA Co. has the following information related to its accounts as of December 31, 2020:Ordinary...
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Accounting
LUCIA Co. has the following information related to its accounts as of December 31, 2020:
Ordinary share capital, par value P50 | 1,000,000 rupees |
Preferred share capital, par value P30 | 450.000 |
First issue – ordinary | 400.000 |
Issue premium – preference | 120,000 |
Retained earnings | 250.000 |
Treasury shares – common, P55 cost per share | 275.000 |
What is the number of shares outstanding for each share class?
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