4. Doleful Co. has 16,000 issued shares, 4,400 subscribed sharesand 2,400 treasury shares. The par value per share is P100. Therecord and distribuion under each of the following scenarios:fair value per share is P120.a.for every 10 shares held,"for eyery 5 shares held."

No of shares issued and outstanding = No. of shares issued - No. of treasury shares = 16000-2400 =…

4. Doleful Co. has 16,000 issued shares, 4,400 subscribed shares record and distribuion under each of the following scenarios: and 2,400 treasury shares. The par value per share is P100. The fair value per share is P120. a. for every 10 shares held," for every 5 shares held."

4. Doleful Co. has 16,000 issued shares, 4,400 subscribed shares record and distribuion under each of the following scenarios: and 2,400 treasury shares. The par value per share is P100. The fair value per share is P120. a. for every 10 shares held," for every 5 shares held."

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 10EB: Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first...

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Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the company has the following transaction: Mar. 1, issued 500,000 shares of stock at $15.75 per share for cash to investors. Journalize this transaction.
Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first year, the company has the following transaction: Mar. 1, issued 40,000 shares of preferred stock at $20.50 per share. Journalize the transaction.
MacKenzie Mining Corporation is authorized to issue 50,000 shares of $500 par value 7% preferred stock. It is also authorized to issue 5,000,000 shares of $3 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.
Outstanding Stock Lars Corporation shows the following information in the stockholders equity section of its balance sheet: The par value of common stock is S5, and the total balance in the Common Stock account is $225,000. There are 13,000 shares of treasury stock. Required: What is the number of shares outstanding? Use the following information for Exercises 10-58 and 10-59: Stahl Company was incorporated as a new business on January 1, 2019. The company is authorized to issue 600,000 shares of $2 par value common stock and 80,000 shares of 6%, S20 par value, cumulative preferred stock. On January 1, 2019, the company issued 75,000 shares of common stock for $15 per share and 5,000 shares of preferred stock for $25 per share. Net income for the year ended December 31, 2019, was $500,000.
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