6. Shown below are account balances found in the ledger of Honesty Corporation at the end of year 2018: P 360,000 182,000 Subscription Receivable-Preference Share Subscription Receivable-Ordinary Share 8% Preference Share Capital, P 50 par value, 80,000 shares authorized Issued P 1,440,000 Subscribed 720,000 2,160,000 Ordinary Share Capital, no par, P 10 stated value 320,000 shares authorized Issued P 1,360,000 Subscribed 280,000 1,640,000 Additional Paid In Capital Preference Share Premium P 216,000 328,000 Paid-In Capital In Excess of Stated Value 544,000 Required: Compute for the following: 2) 1) Number of Preference shares issued Number of Ordinary shares issued 3) Number of subscribed preference shares 4) Number of subscribed ordinary shares 5) Average price per share received by the corporation on its preference share capital including subscribed shares 6) Average price per share received by the corporation on its ordinary share capital including subscribed shares
6. Shown below are account balances found in the ledger of Honesty Corporation at the end of year 2018: P 360,000 182,000 Subscription Receivable-Preference Share Subscription Receivable-Ordinary Share 8% Preference Share Capital, P 50 par value, 80,000 shares authorized Issued P 1,440,000 Subscribed 720,000 2,160,000 Ordinary Share Capital, no par, P 10 stated value 320,000 shares authorized Issued P 1,360,000 Subscribed 280,000 1,640,000 Additional Paid In Capital Preference Share Premium P 216,000 328,000 Paid-In Capital In Excess of Stated Value 544,000 Required: Compute for the following: 2) 1) Number of Preference shares issued Number of Ordinary shares issued 3) Number of subscribed preference shares 4) Number of subscribed ordinary shares 5) Average price per share received by the corporation on its preference share capital including subscribed shares 6) Average price per share received by the corporation on its ordinary share capital including subscribed shares
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...
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