Question
Below is the detailed share capital of Phoebe Garden Corporation as of December 31, 2019: Authorized Ordinary Share Capital (@ P15 par value) P 6,000,000
Below is the detailed share capital of Phoebe Garden Corporation as of December 31, 2019:
Authorized Ordinary Share Capital (@ P15 par value) P 6,000,000
Authorized 10% Preference Share Capital (@ P20 stated value) 3,000,000
Ordinary Share Capital 1,500,000
Preference Share Capital 400,000
Ordinary Share Capital Subscribed 2,250,000
Ordinary Share Capital Subscription Receivable 1,200,000 Ordinary Share Premium 300,000
The Ordinary Share Capital Subscribed is equally subscribed by 5 persons. All subscribers made a 60% initial payment. As of December 31, 2019.
How many ordinary shares authorized and issued?
Using the above question, on January 5, 2020, two out of five subscribers made the full payment. How many ordinary shares will be issued relevant to the full payment of two subscribers?[1:17 PM]
Using the above question, after the two subscribers made the full payment on January 5, how much is the balance of Ordinary Share Capital Subscription Receivable
Using the above question, assuming all the subscribers paid the balances in full, what will be the total amount of ordinary share capital issued and the total number of ordinary shares issued?
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