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Extracted text: 4. SMC Corp. exchanges a piece of land for 10,000 shares of Nestle Co. ordinary share capital that has a P500 par value. The land has cost SMC Corp. P3,500,000 five years ago, and currently has a fair market value of P6,000,000. What is the total increase in paid capital as result of this exchange? 5. The following is a list of selected account balances taken from the December 31, 2020 general ledger of Selecta Corp. Account Payable 50,000 Accounts Receivable 45,500 Ordinary Share Capital Paid in Capital in Excess of Par -Ordinary Share Capital 110,500 Paid in Capital in Excess of Par - Preferred Share Capital 10,250 Preference Share Capital 58,000 Preference Share capital Subscribed Retained Earnings 126,000 6,000 20,500 Subscription Receivable -Preference 10,500 Question: What is the total paid in capital for Selecta Corp. at Dec. 31? 6. The following is a list of selected account balances taken from the December 31, 2021 general ledger of Selecta Corp. Account Payable 50,000 Accounts Receivable 45,500 Ordinary Share Capital Paid in Capital in Excess of Par -Ordinary Share Capital 110,500 Paid in Capital in Excess of Par - Preferred Share Capital 10,250 Preference Share Capital 58,000 Preference Share capital Subscribed Retained Earnings 126,000 6,000 20,500 Subscription Receivable -Preference 10,500 Compute for total stockholder's equity for Selecta Corp. At December 31, 2021
Extracted text: 1. Pacific Corp. was organized on January 1, 2020 with authorized capital of P5,000,000 consisting of 20,000 shares at 120 of par. 1. How much must be paid up upon subscription to comply with requirement of SEC? 2. Akea Corp., reports this journal entry on May 15, 2020: Cash 75,000 Ordinary Share Capital 63,000 Paid in Capital in Excess of Par 12,000 The explanation reads. "Issued ordinary share capital for P50 per share". What is the par value per share for this transaction? 3. Akea Corp., reports this journal entry on May 15, 2020: Cash 75,000 Ordinary Share Capital 63,000 Paid in Capital in Excess of Par 12,000 The explanation reads. "Issued ordinary share capital for P50 per share". Compute the no. of shares issued for this transaction?