A company issues 10,000 shares of its P5 par value ordinary share in exchange for an office equipment originally costing P65,000 with carrying value ofP60,000 and current fair value of P52,500. The share premium from the issuance of ordinary shares amount to:O POO P10,000O P15,000O P2,500 The Homemaker Corporation was authorized to issue 80,000 ordinary shares with P100 par value. During the period, 50,000 ordinary shares has beenissued, and 10,000 ordinary shares were subscribed. At this point, the corporation holds 4,000 ordinary shares in the treasury.The number of shares outstanding areO 46,000O 56,000O 60,000O 50,000

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A company issues 10,000 shares of its P5 par value ordinary share in exchange for an office equipment originally costing P65,000 with carrying value of P60,000 and current fair value of P52,500. The share premium from the issuance of ordinary shares amount to: O PO O P10,000 O P15,000 O P2,500

A company issues 10,000 shares of its P5 par value ordinary share in exchange for an office equipment originally costing P65,000 with carrying value of P60,000 and current fair value of P52,500. The share premium from the issuance of ordinary shares amount to: O PO O P10,000 O P15,000 O P2,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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