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The corporation is applying for 100,000 shares at P50 par. Which among the given will satisfy SEC requirements? Question 51 options: 4 owners, subscription of

The corporation is applying for 100,000 shares at P50 par. Which among the given will satisfy SEC requirements?

Question 51 options:

4 owners, subscription of 26,000 shares &

payment of P350,000

6 owners, subscription of 20,000 shares &

payment of P350,000

18 owners, subscription of 25,100 shares &

payment of P315,000

5 owners, subscription of 100,000 shares &

payment of P315,000

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