MBilecki5220 MBilecki5220

06-06-2023
Business

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BFAR Corp was authorized to issue 200,000 ordinary shares with Php 50 par value. The company had the following chronological transitions during the year:
-Issued 80,000 shares at Php 60 per share
-Received subscription for 11,000 shares at par
-Re-acquired 8,000 treasury shares at Php 65 per share
-Re-issued 2,400 treasury shares at Php 30 per share
How many shares are outstanding at year-end?

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