A corporation is being formed with a P40, 000 authorized share capital. How much of the P40, 000 should be subscribed for, and how much must be paid in full? 1. P 10,000; P 2,500 2. P 15,000; P 5,000 3. P 10,000; P 5,000 4. P 15,000; P 2,500
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- A corporation is being organized with an authorize share capital of P40,000. How much of this P40,000 should be subscribed and how much must be actually paid? а. Р 10,000; Р 2,500 b. Р 15,000; Р 5,000 с. Р 10,000 ; Р 5,000 Р 5,000 С. d. P 15,000; P 2,500A, B, C, D and E is organizing a corporation whose Authorized Capital Stock is 64,000 with par value of P50. How much is the minimum paid-up capital requirement under the Revised Corporation Code for the corporation to incorporate?1 Item No. 1 is based on the following information: 000,2 hot suisV batst2 to 2290x3 ni Istiq6) 916r2 so tal.dhare I I Mega Corporation has 100,000 shares of P 50 par value authorized share capital. The corporation complied with the minimum requirements for the sit no bozod zi boli met share subscription and payment thereof. 1. How much is the minimum paid up capital of the corporation? 008,621A 912 16 916r2 150 suisv a. P 5,000,000. lsv beteta ditiw tud sulav b. P 1,250,000. stod blu 722 1 c. P 5,000. d. P 312,500. 99
- Magbarkada Corporation hire promoters to procure subscriptions for the corporation. As per Articles of Incorporation the corporation has an authorized share capital of P60,000. How much shares should be subscribed and actually paid as per SEC requirement? Amount Subscribed Amount Paid a. P 15,000 P 5,000 b. P 30,000 P 6,000 c. P 15,000 P 3,750 d. P 12,000 P 3,000Item No. 8 is based on the following information: sid 000,001 9 Whistleblow, Inc. issued 500 ordinary shares with a par value of P 24 per share to a lawyer for the latter's legal services. The shares were in payment for the 100 hours rendered by the lawyer who billed the company P 160 per hour. On the date of share issuance, the shares were trading in the stock exchange at P 32 per share. 1 000.005. PAPAYA Corporation is authorized to issue ₱1,000,000 share capital dividend into 10,000 shares with ₱100 par. If 2,000 shares were sold on cash basis at ₱150/share, by how much did the corporation's asset increase? a. ₱ 300,000 b. ₱ 100,000 c. ₱ 200,000 d. ₱ 400,000
- H7. The charter of a corporation provides for the issuance of 147,000 shares of common stock. Assume that 55,000 shares were originally issued and 11,500 were subsequently reacquired. What is the number of shares outstanding? a. 43,500 b. 55,000 c. 147,000 d. 11,500 Please show all step by step calculation24. Based on Item 21, what is the amount of contributed capital that ABC Corporation should report in its May 1, 2020 statement of shareholder’s equity? a. 640,000 b. 600,000 c. 260,000 d. 900,000 25. Based on Item 21, what is the amount of legal capital that ABC Corporation should report in its May 1, 2020 statement of shareholder’s equity?The authorized capital stock of a proposed corporation is P1,000,000 divided into 10,000 shares with a par value of P100.00 each. The minimum amount of subscription that must be paid is: Please help me with complete solutions and explanations please. Thank you
- NEED ASAP. Solve correctly and show your computations. The Corporation shareholders’ equity section of the Statement of Financial Position includes the following accounts and balances: Ordinary Share Capital, P100 par, 5,000 shares issued P500,000 Ordinary Share Premium 50,000 Retained earnings 750,000 Assuming a major shareholder donated 5,000 shares when the market value of the share capital was P140 per share, and was recorded as a debit to Treasury Shares and credit to Donated Capital. How much was the increase (decrease) in the total Additional Paid In Capital? Put a parenthesis if your answer is decrease.Question 3.) A corporation issues 2,500 shares of common stock for P45,000. The stock has stated value of P10 per share. The journal entry to record the stock issuance would include a credit to Additional Paid in Capital of? A. P45,000 B. P25.000 C. P20,000 D. P5,0005. PAPAYA Corporation is authorized to issue ₱1,000,000 share capital dividend into 10,000 shares with ₱100 par. If 2,000 shares were sold on cash basis at ₱150/share, by how much did the corporation's asset increase? ₱ 300,000 ₱ 100,000 ₱ 400,000 ₱ 200,000