Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE HELP ME ANSWER THIS CORRECTLY I PROMISE TO PRESS THE LIKE BOTTON PLEASE Question 65-67 will be based on the following information: ICE Corp.

PLEASE HELP ME ANSWER THIS CORRECTLY I PROMISE TO PRESS THE LIKE BOTTON PLEASE image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 65-67 will be based on the following information: ICE Corp. is authorized to issue P10 par ordinary share capital. The company received subscription from Mr. Cold for 20.000 shares at P15 per share. Mr. COLD paid 40% down payment and the balance is payable at the end of 60 days. After several calls, Mr. COLD failed to pay the balance of his subscription. Thirty days after the due date, the shares are declared delinquent and were advertised for sale at a public auction. Expenses incurred for advertising the sale amounted to P5,000, which were duly paid by the corporation There were three (3) bidders who are willing to pay the remaining balance of subscription and all expenses related to the delinquent shares and are willing to get the number of shares as follow Sunny So 10.000 shares Moony Mo 8.000 shares Windy Wee 12,000 shares What amount would be the total receivable from the highest bidder? ICE Corp. is authorized to issue P10 par ordinary share capital. The company received subscription from Mr. Cold for 20,000 shares at P15 per share. Mr.COLD paid 40% down payment and the balance is payable at the end of 60 days. After several calls, Mr. COLD failed to pay the balance of his subscription. Thirty days after the due date, the shares were declareki delinquent and were advertised for sale at a public auction, Expenses incurred for advertising the sale amounted to P5,000, which were duly paid by the corporation There were three (3) bidders who are willing to pay the remaining balance of subscription and all expenses related to the delinquent shares and are willing to get the number of shares as follow. Sunny So 10,000 shares Moony Mo 8,000 shares Windy Wee 12.000 shares Who is the highest bidder? Answer pattern: Jane Dee ICE Corp, is authorized to issue P10 par ordinary share capital. The company received subscription from Mr. Cold for 20.000 shares at P15 per share. Mr. COLD paid 40% down payment and the balance is payable at the end of 60 days. After several calls, Mr. COLD failed to pay the balance of his subscription. Thirty days after the due date, the shares were declared delinquent and were advertised for sale ata public auction. Expenses incurred for advertising the sale amounted to P5,000, which were duly paid by the corporation There were three (3) bidders who are willing to pay the remaining balance of subscription and all expenses related to the delinquent shares and are willing to get the number of shares as follow Sunny 50 10.000 shares Moony Mo 8,000 shares Windy Wee 12.000 shares Who is the highest bidder? Answer pattern: Jane Dee ICE Corp. is authorized to issue P10 par ordinary share capital. The company received subscription from Mr. Cold for 20,000 shares at P15 per share. Mr. COLD paid 40% down payment and the balance is payable at the end of 60 days. After several calls, Me COLD failed to pay the balance of his subscription. Thirty days after the due date, the shares were declared delinquent and were advertised for sale at a public auction. Expenses incurred for advertising the sale amounted to P5,000, which were duly paid by the corporation There were three (3) bidders who are willing to pay the remaining balance of subscription and all expenses related to the delinquent shares and are willing to get the number of shares as follow: Sunny So 10,000 shares Moony Mo 8,000 shares Windy Wee 12,000 shares How many shares will be given to Mr. Cold? Answer pattern: 1.000 shares

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Theory And Practice Of Australian Auditing

Authors: Schelluch Gul, Teoh, Andrew

1st Edition

0170092445, 978-0170092449

More Books

Students also viewed these Accounting questions

Question

Explain the causes of indiscipline.

Answered: 1 week ago