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Assume that STAR Corporation is being formed. Its authorized share capital is P10,000,000 divided into 100,000 shares with a par value of P100 per share.

  1. Assume that STAR Corporation is being formed. Its authorized share capital is P10,000,000 divided into 100,000 shares with a par value of P100 per share. 

  2. A corporation is being organized with an authorized share capital of P500,000. How much of this P500,000 should be subscribed and how much must actually be paid?

  3. Compute for the following:

  4. Subscribed Capital
  5. Paid-in Capital

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