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capital have not yet paid to the corporation Average amount per share that ordinary sha Iready paid on their subscriptions. A apital were subscribed at P12.

capital have not yet paid to the corporation Average amount per share that ordinary sha Iready paid on their subscriptions. A apital were subscribed at P12.

FINANCIAL ACCOUNTING
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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Compute for number 7&8 with solution

7. Average amount per share that the subscribers of preference share capital have not yet paid to the corporation. Average amount per share that ordinary share capital subscribers have already paid on their subscriptions. Assume that ordinary share capital were subscribed at P12. 8.
Transcribed Image Text:7. Average amount per share that the subscribers of preference share capital have not yet paid to the corporation. Average amount per share that ordinary share capital subscribers have already paid on their subscriptions. Assume that ordinary share capital were subscribed at P12. 8.
Problem 2: (Paid-In Capital is also called Share Premium) Shown below are account balances found in the ledger of Emerald Green Corporation at the end of 2014: P 720,000 364,000 Subscription Receivable - Preference Shares Subscription Receivable - Ordinary Share 10% Preference Share Capital, P50 par value, authorized, 100,000 shares Issued Subscribed P 2,880,000 1,440,000 4,320,000 Ordinary Share Capital, no par, P10 stated value, authorized, 300,000 shares P 2,720,000 560,000 Issued 3,280,000 Subscribed Paid-In Capital in Excess of Par or Stated Value Préference share 432,000 656,000 P. Ordinary share 1,088,000
Transcribed Image Text:Problem 2: (Paid-In Capital is also called Share Premium) Shown below are account balances found in the ledger of Emerald Green Corporation at the end of 2014: P 720,000 364,000 Subscription Receivable - Preference Shares Subscription Receivable - Ordinary Share 10% Preference Share Capital, P50 par value, authorized, 100,000 shares Issued Subscribed P 2,880,000 1,440,000 4,320,000 Ordinary Share Capital, no par, P10 stated value, authorized, 300,000 shares P 2,720,000 560,000 Issued 3,280,000 Subscribed Paid-In Capital in Excess of Par or Stated Value Préference share 432,000 656,000 P. Ordinary share 1,088,000
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