On January 1, 2020, SB Conglomerates, authorized ordinary share was sold on a subscription basis at a price in excess of par value. 20% of the subscription price was collected. On March 1, 2020, the remaining 80% of the subscription price was collected. Additional paid in capital would increase on

January 1, 2020 March 1, 2020

1. Yes No
2. No No
3. No Yes
4. Yes Yes

In a sale of delinquent shares at a public auction, the highest bidder is the one who

1. Willing to pay the full subscription price in exchange for the lowest number of shares
2. Willing to pay the unpaid subscription price, the expenses related to the delinquent shares, and accrued interest in exchange for the highest number of shares.
3. Willing to pay the unpaid subscription price, the expenses related to the delinquent shares, and accrued interest in exchange for the lowest number of shares
4. Willing to pay the unpaid subscription price in exchange for the lowest number of shares

In cases when there is no bidder for a delinquent subscription, the subscribed shares shall be issued in the name of the corporation and shall be considered as ___________.

1. Unissued delinquent share
2. Treasury share
3. Delinquent share
4. Bidder share