DT .22.2 FM Preliminary Examination
DT .22.2 FM Preliminary Examination
DT .22.2 FM Preliminary Examination
4 EXERCISES D. Shareholders
4 EXERCISES B. Charter
4 EXERCISES A. Incorporators
4 EXERCISES C. Bylaws
4 EXERCISES QUESTION #1: What was the average selling Ordinary Share Capital (P.60 par value) 402,000,000.00
price of the stock that had been issued as of
December 31, 20X1?
Add: Additional Paid-in Capital 4,342,000.00
Total Selling Price 406,342,000.00
Divide: 669,847,961.00
Selling Price Per Share 0.60661825318
4 EXERCISES QUESTION #2: The par value of the Total Authorized Shares 900,000,000.00
outstanding shares of ordinary shares as of
December 31, 20X2 is shown as P403 million.
This is actually rounded amount. What is the
exact par value of the coomon stock
outstanding as of that date?
Less: Shares Issued at December 31, 20X2 671,242,137.00
Number of Outstanding Ordinary Shares 228,757,863.00
Multiply: PAR Value per share 0.6
Total Par Value 137,254,717.80
4 EXERCISES QUESTION #3: How many shares of Common Total shares issued at December 31, 20x2 671,242,137.00
Stock were issued during 20X2?
Less: Total Shares issued at December 31, 20x1 669,847,961.00
Number of shares issued during 20x2 1,394,176.00
4 EXERCISES QUESTION #4: How many shares would Total Authorized Shares 900,000,000.00
Excelsior be allowed to issue during 20x2?
Less: Shares issued at December 31, 20x1 669,847,961.00
230,152,039.00
4 EXERCISES QUESTION #1: How many additional shares Authorized Shares 50,000.00
can Baby Covers, Inc., issue during 20x8?
Less: Helen's Shares 5,000.00
Additional Shares for Issuance 45,000.00
4 EXERCISES QUESTION #2: If 20,000 additional shares Ordinary Shares ( 5,000 + 20,000) 25,000.00
were sold for P35 per share, what would the
balance sheet show for ordinary shares and
additionals paid-in capital - ordinary shares?
Multiply: Par Value 1.00
Total Ordinary Shares 25,000.00