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The articles of incorporation of XYZ Corporation provide, among other matters, for an authorized capital stock P1, 000,000.00 divided into 10,000 shares at P100.00 par
The articles of incorporation of XYZ Corporation provide, among other matters, for an authorized capital stock P1, 000,000.00 divided into 10,000 shares at P100.00 par value per share. Five thousand (5,000) shares have been subscribed at P100.00 per share of which 3,000 shares have been paid in full while 2,000 shares have been paid at 80% of the subscription price. Of the 3,000 shares paid in full, 100 shares were reacquired at par value. How much is the subscribed capital stock of xyz corporation?
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