Contributed Capital: Authorized Share Capital, 20,000 shares at P100 par value per share Less: Unissued Share Capital Issued Share Capital (9,900 shares) Subscribed Share Capital Less: Subscription Receivable Issued and Subscribed P510,000 300,000 Q-10 How much is authorized share capital? a) P1,000,000 b) P2,000,000 Q-11 How much is the balance of the unpaid subscription? a) 5,100 shares b) 9,900 shares a) P210,000 b) P300,000 Q-12 How many shares are issued and subscribed? P? c) d) 1,010,000 P? c) P3,000,000 d) none of these 210,000 P1,200,000 c) P510,000 d) none of these 12,000 shares none of these
Contributed Capital: Authorized Share Capital, 20,000 shares at P100 par value per share Less: Unissued Share Capital Issued Share Capital (9,900 shares) Subscribed Share Capital Less: Subscription Receivable Issued and Subscribed P510,000 300,000 Q-10 How much is authorized share capital? a) P1,000,000 b) P2,000,000 Q-11 How much is the balance of the unpaid subscription? a) 5,100 shares b) 9,900 shares a) P210,000 b) P300,000 Q-12 How many shares are issued and subscribed? P? c) d) 1,010,000 P? c) P3,000,000 d) none of these 210,000 P1,200,000 c) P510,000 d) none of these 12,000 shares none of these
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education