Item No. 10 is based on the following information: cod 010 EL bna S...20M mestsina310 26W vnsqmo) Ov618to sninnisedSweety Corporation sold 4,000 ordinary shares with a par value of P 100Osmontu95per share to a subscriber for P 105 per share receiving an initial payment of 30%of the subscription price. After repeated demands for the subscriber to pay the19DTONS 67remaining balance but to no avail, the corporation was forced to sell thedelinquent shares at a public auction, incurring advertising costs of P 24,000.SuceHP10. What should be the minimum bid price for the delinquent shares?08a. P 280,000. art now briel to 1061 8 16 c.P 304,000.b. P 294,000.d. P 318,000.as muime19 3162 vienibo not fogs ove18 bluoria nuori ÖW SE

A share or stock is classified as a delinquent share if the unpaid subscription is not paid within…

Item No. 10 is based on the following information: EL bno S.I.20 met mo) ove18 to besinsgro Sweety Corporation sold 4,000 ordinary shares with a par value of P 100 per share to a subscriber for P 105 per share receiving an initial payment of 30% of the subscription price. After repeated demands for the subscriber to pay the remaining balance but to no avail, the corporation was forced to sell the delinquent shares at a public auction, incurring advertising costs of P 24,000. 10. What should be the minimum bid price for the delinquent shares? sriw bris 08.992 a. P 280,000. C. P 304,000. b. P 294,000. d. P 318,000.

Item No. 10 is based on the following information: EL bno S.I.20 met mo) ove18 to besinsgro Sweety Corporation sold 4,000 ordinary shares with a par value of P 100 per share to a subscriber for P 105 per share receiving an initial payment of 30% of the subscription price. After repeated demands for the subscriber to pay the remaining balance but to no avail, the corporation was forced to sell the delinquent shares at a public auction, incurring advertising costs of P 24,000. 10. What should be the minimum bid price for the delinquent shares? sriw bris 08.992 a. P 280,000. C. P 304,000. b. P 294,000. d. P 318,000.

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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