• How much is the total additional paid in capital of the corporation as of January 31. 2020?
• How much is the average issue price of each ordinary shares as of January 31, 2020?
• How many ordinary shares are still unissued as of January 31, 2020?
• How much is the total contributed capital of the corporation as of January 31, 2020?

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Mamshies Corporation is authorized to issue 30,000 ordinary shares, P 100 par value and 5,000 preference shares, no par, no stated value on January 1,2020. The following are share capital transactions completed during the month of January: Jan. 3 Issued 10,000 shares at P 150 each. Jan. Issued 1,000 preference shares in exchange of an equipment with a purchase price of P 125,000 15 Jan. 27 Jan. 29 Jan. 31 Received subscriptions from A for 3,000 ordinary shares at P 130 each. The subscriptions receivable is due on February 28,2020. Issued 2,000 ordinary shares for legal services of lawyers. The fair market value of each mamshies share on this date is P 120. Issued 500 ordinary shares at P 150 each. Transaction costs paid relating to the issuance of these shares is P 30,000. The corporation has a retained earnings balance of P 300,000 before reflecting any of the above share capital transactions. Mamshies Corporation is authorized to issue 30,000 ordinary shares, P 100 par value and 5,000 preference shares, no par, no stated value on January 1,2020. The following are share capital transactions completed during the month of January: Jan. 3 Issued 10,000 shares at P 150 each. Jan. Issued 1,000 preference shares in exchange of an equipment with a purchase price of P 125,000 15 Jan. 27 Jan. 29 Jan. 31 Received subscriptions from A for 3,000 ordinary shares at P 130 each. The subscriptions receivable is due on February 28,2020. Issued 2,000 ordinary shares for legal services of lawyers. The fair market value of each mamshies share on this date is P 120. Issued 500 ordinary shares at P 150 each. Transaction costs paid relating to the issuance of these shares is P 30,000. The corporation has a retained earnings balance of P 300,000 before reflecting any of the above share capital transactions.

Answer rating: 100% (QA)

i Total Additional Paidin Capital as of January 31 2020 Additional Paidin Capital APIC is the amount received from investors that is in excess of the par value of the shares For this calculation we ne... View the full answer