Shown below and on the next page are account balances found in the ledger of Humility Corporation at the end of 2014: Subscription Receivable - Preference Share Subscription Receivable - Ordinary Share 8% Preference Share Capital, P50 par value, authorized, 80,000 shares 360,000 182,000 Issued P 1,440,000 720,000 Subscribed 2,160,000 Ordinary Share Capital, no par, P10 stated value, authorized, 320,000 shares Issued P 1,360,000 280,000 Subscribed 1,640,000 Paid-In Capital in Excess of Par or Stated Value Preference 216,000 Ordinary 328,000 544,000 Instructions: Compute for each of the items below. 1. Number of preference shares issued. 2. Number of ordinary shares issued. 3. Number of subscribed preference shares.
Shown below and on the next page are account balances found in the ledger of Humility Corporation at the end of 2014: Subscription Receivable - Preference Share Subscription Receivable - Ordinary Share 8% Preference Share Capital, P50 par value, authorized, 80,000 shares 360,000 182,000 Issued P 1,440,000 720,000 Subscribed 2,160,000 Ordinary Share Capital, no par, P10 stated value, authorized, 320,000 shares Issued P 1,360,000 280,000 Subscribed 1,640,000 Paid-In Capital in Excess of Par or Stated Value Preference 216,000 Ordinary 328,000 544,000 Instructions: Compute for each of the items below. 1. Number of preference shares issued. 2. Number of ordinary shares issued. 3. Number of subscribed preference shares.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...
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