answer the ff On July 1, 2018, Nokia Corporation issued 1,000 P10 par ordinary sharesand 2,000 P10 par convertible preference shares for a lump sum price ofP45,000. At this date, Nokia's ordinary and preference were selling at P18and P14 per share, respectively.С.9.What is the amount credited to Share PremiumOrdinary?10.What is the amount credited to Share PremiumPreference?D.Bosch Corporation was organized on January 1, 2018. It was authorized bythe Securities and Exchange Commission to issue share capital ofP5,000,000 divided into 50,000 shares of P100 par value ordinary sharecapital. The incorporators immediately subscribed to 12,500 shares at par.How much must be paid by the incorporators uponsubscription in order that it would meet therequirements of the SEC?11.On April 1, 2018, Globe Corporation, a newly formed company, had thefollowing share capital issued and outstanding:E.Ordinary Share Capital, no par, P10 stated value, 20,000 sharesoriginally issued at P30 per share.Preference Share Capital, P100 par, 600 shares originally issued atP500 per share.What are the amounts of Ordinary Share Capital,Preference Share Capital, and Additional Paid inCapital, respectively, that Globe Corporation shouldreport in its April 1, 2018 statement of shareholders'equity?12.

"Since you have asked multiple questions, we will solve first question for you. If you want any…

On July 1, 2018, Nokia Corporation issued 1,000 P10 par ordinary shares and 2,000 P10 par convertible preference shares for a lump sum price of P45,000. At this date, Nokia's ordinary and preference were selling at P18 and P14 per share, respectively. 9. What is the amount credited to Share Premium Ordinary? 10. What is the amount credited to Share Premium Preference?

On July 1, 2018, Nokia Corporation issued 1,000 P10 par ordinary shares and 2,000 P10 par convertible preference shares for a lump sum price of P45,000. At this date, Nokia's ordinary and preference were selling at P18 and P14 per share, respectively. 9. What is the amount credited to Share Premium Ordinary? 10. What is the amount credited to Share Premium Preference?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.

Question

answer the ff

On July 1, 2018, Nokia Corporation issued 1,000 P10 par ordinary shares
and 2,000 P10 par convertible preference shares for a lump sum price of
P45,000. At this date, Nokia's ordinary and preference were selling at P18
and P14 per share, respectively.
С.
9.
What is the amount credited to Share Premium
Ordinary?
10.
What is the amount credited to Share Premium
Preference?
D.
Bosch Corporation was organized on January 1, 2018. It was authorized by
the Securities and Exchange Commission to issue share capital of
P5,000,000 divided into 50,000 shares of P100 par value ordinary share
capital. The incorporators immediately subscribed to 12,500 shares at par.
How much must be paid by the incorporators upon
subscription in order that it would meet the
requirements of the SEC?
11.
On April 1, 2018, Globe Corporation, a newly formed company, had the
following share capital issued and outstanding:
E.
Ordinary Share Capital, no par, P10 stated value, 20,000 shares
originally issued at P30 per share.
Preference Share Capital, P100 par, 600 shares originally issued at
P500 per share.
What are the amounts of Ordinary Share Capital,
Preference Share Capital, and Additional Paid in
Capital, respectively, that Globe Corporation should
report in its April 1, 2018 statement of shareholders'
equity?
12.

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