Homework Answers
a)
| Number of preference shares issued (3,200,000/80) | 40,000 |
| Total contributed capital from preference shares (3,200,000+800,000) | 4,000,000 |
| Issue price of preference share (4,000,000/40,000) | 100 |
b)
| Number of ordinary shares issued (1,200,000/30) | 40,000 |
| Total contributed capital from ordinary shares (1,200,000+500,000) | 1,700,000 |
| Issue price of ordinary share (1,700,000/40,000) | $ 42.50 |
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