Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show the solution. :) C. Sun Corporation 400,000 ordinary shares of stock with a par value of P6 per was organized on January 1,

image text in transcribed

please show the solution. :)

C. Sun Corporation 400,000 ordinary shares of stock with a par value of P6 per was organized on January 1, 2014, wth an authorization of share. During 2014, he corporation had the following capital transactions January 5 issued 225,000 shares P10 per share July 28 issued 30,000 shares for land aoquired with an appraised valueof P250,000 A-1 August 15 issued 10,000 shares for consultancy services rendered by Trias Consultancy bill received by Sun Corporation for P120,000 Services for a 11. What i is the total amount of additional contributed capital as of December 31, 20147 12. What is the amount of ordinary share capital as of December 31, 20147 13 How many ordinary shares are unissued? 14. How many ordinary shares are still available for subscription? 15. What is the amount of total contributed capital

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

Accounting And Finance For Non-Specialists

Authors: Eddie McLaney, Peter Atrill

3rd Edition

9780273646327

More Books

Students also viewed these Accounting questions