Roses Corporation is authorized to issue 500,000 shares of Ordinary Share Capital, P100 par value. To comply with the required subscription of the Securities and Exchange Commission. a. How many...

Roses Corporation is authorized to issue 500,000 shares of Ordinary Share Capital, P100 par value. To comply with the required subscription of the Securities and Exchange Commission.

a. How many shares must be subscribed at the time of incorporation?

b. Using data in number 1, assuming the minimum required subscription was received at P110, how much subscription must be paid up?

Jun 09, 2022

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Roses Corporation is authorized to issue 500,000 shares of Ordinary Share Capital, P100 par value. To comply with the required subscription of the Securities and Exchange Commission. a. How many...

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