Guys! I need help at this. (Problem 5 only!) You can use google or other sources

Peers Equity 552 Chapter it J aorb PROBLEM 5: MULTIPLE CHOICE - THEORY 1. If shares are issued below par or issued value, the deficiency freesury shares ar b. parv of the consideration received is recorded as "discount on share capital." The discount is presented in the statement of financial position as a. a receivable from the shareholder concerned JOBLEM 6: MULTI b. a deduction in shareholders' equity line Co.'s adjust c. an addition in shareholders' equity includes the follow d. a and b gary shares, P3 pa 2. Legal capital is the portion of contributed capital that cannot a premium ery stock, at cost be distributed to the owners during the lifetime of the corporation unless the corporation is dissolved and all of its emulated other co liabilities are settled first. For no-par value shares, legal capital used earnings app is ned earnings una a. the aggregate par value of shares issued and subscribed. b. the total consideration received or receivable from shares amount should issued or subscribed. december 31, 20x1, c. the aggregate stated value of shares issued and 4 1680,090 subscribed. d. the aggregate market value of shares issued and subscribed. in April 1, 20x9, 3. How should the excess of the subscription price over the par be following stock value of ordinary subscribed be recorded? Ordinary shar a. As share premium when the subscription is received. issued for P30 b. As share premium when the subscription is collected. Preference sha . As retained earnings when the subscription is received. issued for P50 (AICPA) d. As share premium when the capital stock is issued. "April 1, 20x9, 4. Share issuance costs are recognized directly in equity. If the related share premium is insufficient to offset any share mary shares issuance costs, the issuance costs are ronco a. recognized as expense in profit or loss b. charged directly to retained earnings c. charged directly to share capital