Roses Corporation is authorized to issue 500,000 shares of Ordinary Share Capital, P100 par value. To comply with the required subscription of the Securities and Exchange Commission. a. How many shares must be subscribed at the time of incorporation? b. Using data in number 1, assuming the minimum required subscription was received at P110, how much subscription must be paid up?
Roses Corporation is authorized to issue 500,000 shares of Ordinary Share Capital, P100 par value. To comply with the required subscription of the Securities and Exchange Commission. a. How many shares must be subscribed at the time of incorporation? b. Using data in number 1, assuming the minimum required subscription was received at P110, how much subscription must be paid up?
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 5PA: Copper Corporation was organized in May. It is authorized to issue 50,000,000 shares of $200 par...
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Roses Corporation is authorized to issue 500,000 shares of Ordinary Share Capital, P100 par value. To comply with the required subscription of the Securities and Exchange Commission.
a. How many shares must be subscribed at the time of incorporation?
b. Using data in number 1, assuming the minimum required subscription was received at P110, how much subscription must be paid up?
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