Reference no: EM132664482

Im-Facto Corporation's authorized capital stock is P1,000,000 divided into 10,000 shares at P100 par. Presently, the corporation's outstanding shares of stocks owned by its incorporators / stockholders are shown as follows:

Incorporators # of shares owned

Mr. Domingo 1,500
Ms. Arceno 900
Mr. Jose 1,200
Ms. Torres 1,000
Ms. Tan Jerene 800
Mr. Sajelan 600
Total 6,000

The corporation in order to generate funding for its new project, issued 2,000 new shares of stocks at the same par value of P100.00 per share.

Problem 1. How many new shares of stock should Mr. DOMINGO subscribe if he exercise his pre-emptive right ?

a) 1,500 shares c) 2,500 shares
b) 2,000 shares d) 2,800 shares

Problem 2. How many new shares of stock will Ms. ARCENO subscribe if she exercise her pre-emptive right ?

a) 1,000 shares c) 1,800 shares
b) 1,500 shares d) 2,000 shares

Problem 3. How many new shares of stock will Ms. TORRES subscribe if she exercise her pre-emptive right ?

a) 1,667 shares c) 1,500 shares
b) 1,000 shares d) 1,750 shares

Problem 4. What will be the proportionate interest of Ms. TAN JERENE in the corporation assuming she will not exercise her pre-emptive right ?

a) 5 percent c) 8 percent
b) 7 percent d) 13.33 percent

Problem 5. What is the original proportionate interest of Mr. JOSE before the issuance of the new shares of stocks ?

a) 10 percent c) 20 percent
b) 15 percent d) 25 percent

Problem 6. How many new shares of stock should Mr. SAJELAN subscribe if he exercise his pre-emptive right ?

a) 100 shares c) 1,000 shares
b) 800 shares d) 1,200 shares