A. BBB Company authorized to issue 37,500 share capital with par value of P100 B. 40% of the authorized share capital was subscribed at par C. Collected 45% of the of the subscription D. Full collection was received on 10,500 shares originally subscribed E. Cash subscription of 4,500 shares at par F. Building with the fair value of P700,000 was acquired upon issuance of 6,750 shares. The market value of the shares at that time was P110. G. Purchased 3,750 treasury shares at P95. H. Reissued 2,250 treasury shares at P98. I. Net income for the year is P1,350,000 J. Issued 20,250 warrants to shareholders, 1 right for each share, permitting the holders to acquire one shar capital of P100 at P105 with every 10 rights submitted. Share are selling at P99 per share at
17. 1-3
A. BBB Company authorized to issue 37,500 share capital with par value of P100
B. 40% of the authorized share capital was subscribed at par
C. Collected 45% of the of the subscription
D. Full collection was received on 10,500 shares originally subscribed
E. Cash subscription of 4,500 shares at par
F. Building with the fair value of P700,000 was acquired upon issuance of 6,750 shares. The market value of the shares at that time was P110.
G. Purchased 3,750 treasury shares at P95.
H. Reissued 2,250 treasury shares at P98.
I. Net income for the year is P1,350,000
J. Issued 20,250 warrants to shareholders, 1 right for each share, permitting the holders to acquire one shar capital of P100 at P105 with every 10 rights submitted. Share are selling at P99 per share at this time.
K. Declared property dividend. The property has the fair value of P200,000 at the date of declaration and P185,000 carrying amount
L. Received 500 shares donated by a shareholder. The fair value of shares at the time of donation was P105.Reissued the 500 shares at P98.
a. How much is the share capital?
b. How much is the subscribed share capital?
c. How much is the subscription receivable?
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