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

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

Section: Chapter Questions

Problem 1Q

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