Using data in no. 14, the amount due from the highest bidder is ____. Using data in no. 14, The number of shares issued to the highest bidder is ___. Using data in no. 14, the number of shares issued to Dior is ___.
Using data in no. 14, the amount due from the highest bidder is ____. Using data in no. 14, The number of shares issued to the highest bidder is ___. Using data in no. 14, the number of shares issued to Dior is ___.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
14. Callalily Corp. is authorized to issue 100,000 shares of P 100 par value Ordinary share capital. Dior subscribed to 1,000 shares at par value on June 1, 2019. A 25% down payment was given by Dior, the balance payable in two equal installments payable on June 30 and July 31. He paid the first installment but defaulted in the second. The unpaid subscription was offered for sale at public auction. Advertising cost amounted to P 5,000. Tommy made a bid for 900 shares, Ricci for 800 shares, Paco for 600 shares and Malone for 700 shares. The highest bidder is ____. Type the name using CAPITAL LETTERS
- Using data in no. 14, the amount due from the highest bidder is ____.
- Using data in no. 14, The number of shares issued to the highest bidder is ___.
- Using data in no. 14, the number of shares issued to Dior is ___.
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