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What is total number of shares available for subscription

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Reference no: EM132935135

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Q1) The shareholders equity section of FMW Company at the end of the 2018 and 2017 are as follows: (2018) 10% Preference share, P100 par P1,500,000; Ordinary share, P20 par P1,000,000; Share premium-preference P210,000; Share premium-ordinary P400,000 (2017) 10% Preference share, P100 par P800,000; Ordinary share, P20 par P600,000; Share premium-ordinary P200,000. 11. How many ordinary shares were issued in 2018?

Q2) Kim Corporation had the following shareholders equity accounts before the declaration of bonus issue: Ordinary share capital, P100 par, 20,000 shares issued and outstanding P2,000,000; Share premium ordinary P100,000; Retained earnings P1,000,000. The fair market value of ordinary shares on this date is P150 per share. Assuming a 10% bonus issue was declared, what amount of retained earnings will be capitalized?"

Q3) The shareholders equity section of J Company at the end of the 2018 and 2017 are as follows: (2018) 10% Preference share, P100 par P1,500,000; Ordinary share, P20 par P1,000,000; Share premium-preference P210,000; Share premium-ordinary P400,000 (2017) 10% Preference share, P100 par P800,000; Ordinary share, P20 par P600,000; Share premium-ordinary P200,000. 10. What is the average issue price of the preference shares issued in 2018?"

Q4) The shareholders equity section of J Company at the end of the 2018 and 2017 are as follows: (2018) 10% Preference share, P100 par P1,500,000; Ordinary share, P20 par P1,000,000; Share premium-preference P210,000; Share premium-ordinary P400,000 (2017) 10% Preference share, P100 par P800,000; Ordinary share, P20 par P600,000; Share premium-ordinary P200,000. 11. 12. What is the average issued price of the ordinary shares issued in 2018?"

Q5) "The following are found in the trial balance of JT Corporation at December 31, 2018: Authorized ordinary share, P50 par value P3,000,000; Subscription receivable P200,000; Unissued ordinary share P1,000,000; Subscribed ordinary share P500,000; Share premium ordinary P100,000. What is the total number of shares issued?"

Q6) The following are found in the trial balance of JKT Corporation at December 31, 2018: Authorized ordinary share, P50 par value P3,000,000; Subscription receivable P200,000; Unissued ordinary share P1,000,000; Subscribed ordinary share P500,000; Share premium ordinary P100,000. What is the total number of shares available for subscription?

Reference no: EM132935135

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