ABC Company issued 15,000 shares of its P100 par common stock in acquiring a land that was recently appraised at P1,700,00. The common stock is actively selling at P120 per share. What is the amount of additional paid in capital to be credited on the issuance of shares? 200,000 300,000 500,000 600,000
ABC Company issued 15,000 shares of its P100 par common stock in acquiring a land that was recently appraised at P1,700,00. The common stock is actively selling at P120 per share. What is the amount of additional paid in capital to be credited on the issuance of shares?
200,000
300,000
500,000
600,000
On July 1, 2006 VC issued rights to stockholders to subscribe to additional shares of its common stocks. One right was issued for each share owned. A stockholder could purchase one additional share for P10 rights plus P35 cash. Commons stocks par value is P25, and there are 40,000 shares issued and outstanding. On July 1, 2006, the market price of one right was P2, and the common stock was P40, rights on. On July 1, 2006, the stock rights would
increases the total
increase the retained earnings
decrease the retained earnings
no effect on the assets and on the total stockholders’ equity
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