Help me answer this THANK YOUUU How much share premium to berecorded from the following: *PAS Co. started operations on January 1, 2021. Its authorized capitalization is P2,000,000 dividedinto 20,000 shares with par value per share of P100. PAS Co. receives cash subscriptions for 5,000shares at P120 per share. On January 31, 2021, PAS receives subscription for 2,000 shares at P160per share.100,000O 120,000O 320,000O 220,000

The share premium is the excess value received as compared to par value of the shares.

How much share premium to be recorded from the following: * PAS Co. started operations on January 1, 2021. Its authorized capitalization is P2.000,000 divi into 20,000 shares with par value per share of P100. PAS Co. receives cash subscriptions for 5 shares at P120 per share. On January 31, 2021, PAS receives subscription for 2,000 shares at per share. O 100,000 O 120,000 O 320,000 O 220,000

How much share premium to be recorded from the following: * PAS Co. started operations on January 1, 2021. Its authorized capitalization is P2.000,000 divi into 20,000 shares with par value per share of P100. PAS Co. receives cash subscriptions for 5 shares at P120 per share. On January 31, 2021, PAS receives subscription for 2,000 shares at per share. O 100,000 O 120,000 O 320,000 O 220,000

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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