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Compute for the following with solution: 1. Number of presefrence share subscribed 2. Number of Ordinary share subscribed

Compute for the following with solution: 1. Number of presefrence share subscribed 2. Number of Ordinary share subscribed

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 the following with solution:

1. Number of presefrence share subscribed

2. Number of Ordinary share subscribed

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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