The following transactions were taken from BFAR Corporation: Authorized Ordinary share capital of 500,000 shares at P10 par value. The total Subscriptions of equity shares is 120,000 shares at a subscription price of P15 per share Half of the total subscriptions were fully paid and Share Certificates have been issued. • The balance of total subscriptions has P720,000 outstanding receivable. Compute the issued share capital. ● ● ● 720,000 1,800,000 600,000 1,080,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following transactions were taken from BFAR Corporation:
Authorized Ordinary share capital of 500,000 shares at P10 par value.
• The total Subscriptions of equity shares is 120,000 shares at a subscription price of
P15 per share
Half of the total subscriptions were fully paid and Share Certificates have been
issued.
The balance of total subscriptions has P720,000 outstanding receivable.
Compute the issued share capital.
●
O 720,000
O 1,800,000
O 600,000
O 1,080,000
Transcribed Image Text:The following transactions were taken from BFAR Corporation: Authorized Ordinary share capital of 500,000 shares at P10 par value. • The total Subscriptions of equity shares is 120,000 shares at a subscription price of P15 per share Half of the total subscriptions were fully paid and Share Certificates have been issued. The balance of total subscriptions has P720,000 outstanding receivable. Compute the issued share capital. ● O 720,000 O 1,800,000 O 600,000 O 1,080,000
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