This topic is about Corporation. Please answer the ff questions(check the pic for the problem)How many shares of stock are still unissued?How many shares are subscribed?How many shares are outstanding? On January 5, 2021 A, B, C, D, and E formed a corporation named Alphabet Company, Inc. and filed with theSecurities and Exchange Commission its Articles of Incorporation for approval. It has an authorized capital ofP10,000 ordinary shares wth a par value of P100 per share or a a total of P1,000,000.00On February 5, 2021, the Securities and Exchange Commission approved the Articles of Incorporation. On thesame day, the books of the corporation shows the following information:Authorized Capital stock 10,000 shares, par P100P1,000,000.00 Authorized share capital250,000.00 Share capitalCapital stock (issued 2,500 shares)Subscribed capital stock (3,000 shares)Subscription ReceivableAPIC in excess of par value (5,500 x 10)300,000.00 Subscribed share capital50,000.00 Subscription receivable55,000.00 Share premiumNOTE: Another account title for Share Premium is Additional paid -in capital in excess of par value.

Unissued shares of stock are part of authorized capital that is not issued by the company.

Answered: How many shares of stock are still…

Business

Accounting

How many shares of stock are still unissued? How many shares are subscribed? How many shares are outstanding?

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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Question

This topic is about Corporation. Please answer the ff questions

(check the pic for the problem)

How many shares of stock are still unissued?
How many shares are subscribed?
How many shares are outstanding?

On January 5, 2021 A, B, C, D, and E formed a corporation named Alphabet Company, Inc. and filed with the
Securities and Exchange Commission its Articles of Incorporation for approval. It has an authorized capital of
P10,000 ordinary shares wth a par value of P100 per share or a a total of P1,000,000.00
On February 5, 2021, the Securities and Exchange Commission approved the Articles of Incorporation. On the
same day, the books of the corporation shows the following information:
Authorized Capital stock 10,000 shares, par P100
P
1,000,000.00 Authorized share capital
250,000.00 Share capital
Capital stock (issued 2,500 shares)
Subscribed capital stock (3,000 shares)
Subscription Receivable
APIC in excess of par value (5,500 x 10)
300,000.00 Subscribed share capital
50,000.00 Subscription receivable
55,000.00 Share premium
NOTE: Another account title for Share Premium is Additional paid -in capital in excess of par value.

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