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 ₱ 400,000 b ₱ 300,000 c ₱ 200,000
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 ₱ 400,000 b ₱ 300,000 c ₱ 200,000
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 7EB: Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the...
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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 ₱ 400,000
b ₱ 300,000
c ₱ 200,000
d ₱ 100,000
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