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A corporation is authorized to issue 10000 p 100 par value stocks. If the law prescribe that 25% of the authorized is to be subscribe and 25% of the subscribe should be paid up.  A. How much should be subscribed B. How much should be paid up

A corporation is authorized to issue 10000 p 100 par value stocks. If the law prescribe that 25% of the authorized is to be subscribe and 25% of the subscribe should be paid up.  A. How much should be subscribed B. How much should be paid up

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 12MC: A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting...
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A corporation is authorized to issue 10000 p 100 par value stocks. If the law prescribe that 25% of the authorized is to be subscribe and 25% of the subscribe should be paid up. 

A. How much should be subscribed

B. How much should be paid up

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