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Please show the solution :) Part I: Problem Solving on the space provided located at the answer shest A. The folowing accounts appear in the
Please show the solution :)
Part I: Problem Solving on the space provided located at the answer shest A. The folowing accounts appear in the tvial balance of Neatea Corporalion December 31,2018 as of Preference Share Capital, par P100, authorized 50,000 shares Subscribed Preference Share Capital uoscrption Recelvable, Preference Shares Current Authorized Ordinary Share Capital, P100 stated value Unissued Ordinary Share Capital Ordinary Share Premium Preference Share Premium P 1.700,000 200,000 150 000 1,000,000 500,000 65,000 300 000 Compute for the following 1. No of preference shares available for subscription 2. Legal capital 3 Total amount of contributed capital 4. No of unissued preference shares 5 Average price of the ordinary shares issued Part I: Problem Solving on the space provided located at the answer shest A. The folowing accounts appear in the tvial balance of Neatea Corporalion December 31,2018 as of Preference Share Capital, par P100, authorized 50,000 shares Subscribed Preference Share Capital uoscrption Recelvable, Preference Shares Current Authorized Ordinary Share Capital, P100 stated value Unissued Ordinary Share Capital Ordinary Share Premium Preference Share Premium P 1.700,000 200,000 150 000 1,000,000 500,000 65,000 300 000 Compute for the following 1. No of preference shares available for subscription 2. Legal capital 3 Total amount of contributed capital 4. No of unissued preference shares 5 Average price of the ordinary shares issuedStep by Step Solution
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