Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 13 -16 is related to the following information: Entity A's total shareholders' equity was P900,000 before recording the following share transactions happened during the
Question 13 -16 is related to the following information: Entity A's total shareholders' equity was P900,000 before recording the following share transactions happened during the year: . Received cash subscriptions for 10,000 shares with par value of P1 at P14 per share. Share issuance costs amounted to P2,000. Received subscriptions for 20,000 shares at P20 per share. Twenty- five percent down payment was collected on subscription date. Collected the remaining unpaid subscription price of 15,000 subscribed shares and issued the related share certificates. Share issuance costs amounted to P3,000. How much is the total share capital issuance during the year? Entity A's total shareholders' equity was P900,000 before recording the following share transactions happened during the year: Received cash subscriptions for 10,000 shares with par value of P1 at P14 per share. Share issuance costs amounted to P2,000. Received subscriptions for 20,000 shares at P20 per share. Twenty- five percent down payment was collected on subscription date. Collected the remaining unpaid subscription price of 15,000 subscribed shares and issued the related share certificates. Share issuance costs amounted to P3,000. How much is the total recorded Share premium during the year? Entity A's total shareholders' equity was P900,000 before recording the following share transactions happened during the year: Received cash subscriptions for 10,000 shares with par value of P1 at P14 per share. Share issuance costs amounted to P2,000. Received subscriptions for 20.000 shares at P20 per share. Twenty- five percent down payment was collected on subscription date. Collected the remaining unpaid subscription price of 15,000 subscribed shares and issued the related share certificates. Share issuance costs amounted to P3,000. How much is the recorded subscribed share capital during the year? Answer pattern: 1,000,000 Entity A's total shareholders' equity was P900,000 before recording the following share transactions happened during the year: Received cash subscriptions for 10,000 shares with par value of P1 at P14 per share. Share issuance costs amounted to P2,000. Received subscriptions for 20,000 shares at P20 per share. Twenty- five percent down payment was collected on subscription date. Collected the remaining unpaid subscription price of 15,000 subscribed shares and issued the related share certificates. Share issuance costs amounted to P3,000. How much is the recorded subscription receivable during the year
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started