Please give solutions and explanation to the three questions. The correct answer is already given, just provide me with solution. "The following are found in the trial balance of M Corporation at December 31, 2021: Authorized ordinary share, P50 par value P3,000,000; Subscription receivable P200,000; Unissued ordinary share P1,000,000; Subscribed ordinary share P500,000; Share premium ordinary P100,000. What is the total number of shares issued?" Answer: 40,000 shares
Please give solutions and explanation to the three questions. The correct answer is already given, just provide me with solution.
"The following are found in the
Answer: 40,000 shares
The shareholders’ equity section of the
Ordinary share capital, 10,000 shares issued P300,000
Share premium 100,000
Treasury shares, 1,000 shares
35,000
During 2021, the corporation declared and distributed 15% bonus issue when the fair market value of the shares was P42 per share. What is the balance of the ordinary share capital after the distribution of the bonus issue? Give your answer in this format xxx,xxx
Answer: 450,000
"The shareholders equity section of N Company at the end of the 2021 and 2020 are as follows: (2021) 10%
Answer: 20,000 shares
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