The articles of incorporation of COVID corporation provide for the issuance of 100,000 shares without par value and an issued price per share of P10.00. At the time of incorporation, the subscription and paid-up should not be less than: P250,000 and P250,000 respectively No subscription and P250,000 paid-up P250,000 and no paid-up required No minimum requirements

The articles of incorporation of COVID corporation provide for the issuance of 100,000 shares without par value and an issued price per share of P10.00. At the time of incorporation, the subscription and paid-up should not be less than: P250,000 and P250,000 respectively No subscription and P250,000 paid-up P250,000 and no paid-up required No minimum requirements

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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