Question
Berry Corporation has 50,000 shares of P10 par ordinary shares authorized. The following transactions took place during 2020, the first year of the corporations existence:
Berry Corporation has 50,000 shares of P10 par ordinary shares authorized. The following transactions took place during 2020, the first year of the corporations existence: Sold 5,000 ordinary shares for P18 per share. Issued 5,000 ordinary shares in exchange for an equipment valued at P100,000. At the end of the Berrys first year, total contributed capital amounted to?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
3rd Edition
0136070736, 978-0136070733
