Question
On July 20, 2021, the XYZ Corporation received subscription for 5,000 shares of its P10 par value ordinary share capital at P15. How much should
On July 20, 2021, the XYZ Corporation received subscription for 5,000 shares of its P10 par value ordinary share capital at P15. How much should be credited to Ordinary Share Capital Subscribed?
a.) P125,000
b.) P 75,000
c.) P 25,000
d.) P 50,000
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
