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Dadiangas Farmingtown Corporation is authorized by its charter to issue 10% preferred stocks at P100 par value,P1,000,000 and 15,000 shares of common stock at P100 par value.
Question 1: How many shares of 10% preferred stocks that the corporation is authorized yo issue?
Question 2: How much is the authorized capital stock- common?
Question 3: What is the minimum number of shares to he subscribed for both preferred and common shares?
Question 4: How much is the minimum payment required by SEC on the subscription for both?
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