Timber Company presented a statement of financial po containing the following accounts among others: Subacriptiona receivable - preference Subecriptions receivable - ardinary Preference share capital, P100 par, authorized 100,000 shares, issued and outstanding 22,000 shares Preference share capital subscribed, 2,000 shares Ordinary ahare capital, P10 par value, authorized 200,000 shares, issued and outstanding 24,000 shares Ordinary share capital subecribed, 24,000 shares Share premium -preference Share premium -ordinary 120C 360C 2,200, 200.0 240,0 240,0 80,0 950,0
Timber Company presented a statement of financial po containing the following accounts among others: Subacriptiona receivable - preference Subecriptions receivable - ardinary Preference share capital, P100 par, authorized 100,000 shares, issued and outstanding 22,000 shares Preference share capital subscribed, 2,000 shares Ordinary ahare capital, P10 par value, authorized 200,000 shares, issued and outstanding 24,000 shares Ordinary share capital subecribed, 24,000 shares Share premium -preference Share premium -ordinary 120C 360C 2,200, 200.0 240,0 240,0 80,0 950,0
Chapter1: Financial Statements And Business Decisions
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