Apple Corporation was authorized to issue 10,000 preference shares of P200 par value and 100,000 ordinary shares of P20 par value. Subscription for4,000 preference shares was received at P225 per share with a down payment of P25%. The balance is payable after 60 days. What is the amount of Share Premium– Preference recognized by Jungkook upon receipt of the preference sharesubscription?
Apple Corporation was authorized to issue 10,000 preference shares of P200 par value and 100,000 ordinary shares of P20 par value. Subscription for4,000 preference shares was received at P225 per share with a down payment of P25%. The balance is payable after 60 days. What is the amount of Share Premium– Preference recognized by Jungkook upon receipt of the preference sharesubscription?
Apple Corporation was authorized to issue 10,000 preference shares of P200 par value and 100,000 ordinary shares of P20 par value. Subscription for4,000 preference shares was received at P225 per share with a down payment of P25%. The balance is payable after 60 days. What is the amount of Share Premium– Preference recognized by Jungkook upon receipt of the preference sharesubscription?
Apple Corporation was authorized to issue 10,000 preference shares of P200 par value and 100,000 ordinary shares of P20 par value. Subscription for4,000 preference shares was received at P225 per share with a down payment of P25%. The balance is payable after 60 days. What is the amount of Share Premium– Preference recognized by Jungkook upon receipt of the preference sharesubscription?
Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.
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