Zetus Corp is authorized to issue 2,000,000 shares of P4 par value capital stock. The corporation issued half the stock for cash at 7 per share, earned 636,000 during the first three months of operation, and declared a cash dividend of P50,000. Find total paid-in capital of Zetus Corp after three months of operation.

Zetus Corp is authorized to issue 2,000,000 shares of P4 par value capital stock. The corporation issued half the stock for cash at 7 per share, earned 636,000 during the first three months of operation, and declared a cash dividend of P50,000. Find total paid-in capital of Zetus Corp after three months of operation.

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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