Instruction: Compute for the following with solutionQuestion:______1. Number of preference share issued______2. Number of ordinary share issued Problem 2: (Paid-In Capital is also called Share Premium)Shown below are account balances found in the ledger of Emerald Green Corporation atthe end of 2014:P720,000364,000Subscription Receivable - Preference SharesSubscription Receivable - Ordinary Share10% Preference Share Capital, P50 par value,authorized, 100,000 sharesIssuedSubscribedP 2,880,0001,440,0004,320,000Ordinary Share Capital, no par, P10 stated value,authorized, 300,000 sharesIssuedSubscribedPaid-In Capital in Excess of Par or Stated ValuePréference shareOrdinary shareP 2,720,000560,0003,280,000432,000656,000P.1,088,000Instructions: Compute for each of the item shown below. Present supporting computationin good form in a separate work sheet.1.Number of preference share issued.2.Number of ordinary shares issued.

The question is related to calculation of number of Preference Share and Common Share issued.

Problem 2: (Paid-In Capital is also called Share Premium) Shown below are account balances found in the ledger of Emerald Green Corporation at the end of 2014: 720,000 364,000 Subscription Receivable - Preference Shares Subscription Receivable - Ordinary Share 10% Preference Share Capital, P50 par value, authorized, 100,000 shares P 2,880,000 1,440,000 Issued Subscribed 4,320,000 Ordinary Share Capital, no par, P10 stated value, authorized, 300,000 shares Issued Subscribed Paid-In Capital in Excess of Par or Stated Value Préference share P 2,720,000 560,000 3,280,000 P. 432,000 Ordinary share 656,000 1,088,000 Instructions: Compute for each of the item shown below. Present supporting computation in good form in a separate work sheet. 1. Number of preference share issued. 2. Number of ordinary shares issued.

Problem 2: (Paid-In Capital is also called Share Premium) Shown below are account balances found in the ledger of Emerald Green Corporation at the end of 2014: 720,000 364,000 Subscription Receivable - Preference Shares Subscription Receivable - Ordinary Share 10% Preference Share Capital, P50 par value, authorized, 100,000 shares P 2,880,000 1,440,000 Issued Subscribed 4,320,000 Ordinary Share Capital, no par, P10 stated value, authorized, 300,000 shares Issued Subscribed Paid-In Capital in Excess of Par or Stated Value Préference share P 2,720,000 560,000 3,280,000 P. 432,000 Ordinary share 656,000 1,088,000 Instructions: Compute for each of the item shown below. Present supporting computation in good form in a separate work sheet. 1. Number of preference share issued. 2. Number of ordinary shares issued.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter15: Shareholders’ Equity: Capital Contributions And Distributions

Section: Chapter Questions

Problem 24P

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