Compute for number 7&8 with solution 7. Average amount per share that the subscribers of preference sharecapital have not yet paid to the corporation.Average amount per share that ordinary share capital subscribers havealready paid on their subscriptions. Assume that ordinary sharecapital were subscribed at P12.8. Problem 2: (Paid-In Capital is also called Share Premium)Shown below are account balances found in the ledger of Emerald Green Corporation atthe end of 2014:P720,000364,000Subscription Receivable - Preference SharesSubscription Receivable - Ordinary Share10% Preference Share Capital, P50 par value,authorized, 100,000 sharesIssuedSubscribedP 2,880,0001,440,0004,320,000Ordinary Share Capital, no par, P10 stated value,authorized, 300,000 sharesP 2,720,000560,000Issued3,280,000SubscribedPaid-In Capital in Excess of Par or Stated ValuePréference share432,000656,000P.Ordinary share1,088,000

Shareholders also invest money in the company and in return they become the owners in proportion to…

Answered: capital have not yet paid to the…

capital have not yet paid to the corporation Average amount per share that ordinary sha Iready paid on their subscriptions. A apital were subscribed at P12.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.

Question

Compute for number 7&8 with solution

7. Average amount per share that the subscribers of preference share
capital have not yet paid to the corporation.
Average amount per share that ordinary share capital subscribers have
already paid on their subscriptions. Assume that ordinary share
capital were subscribed at P12.
8.

Problem 2: (Paid-In Capital is also called Share Premium)
Shown below are account balances found in the ledger of Emerald Green Corporation at
the end of 2014:
P
720,000
364,000
Subscription Receivable - Preference Shares
Subscription Receivable - Ordinary Share
10% Preference Share Capital, P50 par value,
authorized, 100,000 shares
Issued
Subscribed
P 2,880,000
1,440,000
4,320,000
Ordinary Share Capital, no par, P10 stated value,
authorized, 300,000 shares
P 2,720,000
560,000
Issued
3,280,000
Subscribed
Paid-In Capital in Excess of Par or Stated Value
Préference share
432,000
656,000
P.
Ordinary share
1,088,000

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