II. (Two items) A-plus Asia Inc. was organized on January 1, 2007. It was authorized to issue 100,000 shares of ordinary shares capital, par value P20. The minimum required subscription was received at P25 per share. How many shares must be subscribed at the time of incorporation? How much of the subscriptions must be paid up?
II. (Two items) A-plus Asia Inc. was organized on January 1, 2007. It was authorized to issue 100,000 shares of ordinary shares capital, par value P20. The minimum required subscription was received at P25 per share. How many shares must be subscribed at the time of incorporation? How much of the subscriptions must be paid up?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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