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Determine the minimum subscription paid

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Question - A proposed corporation's authorized capital stock is divided into 1,000 shares with a par value of P100.00per share. Determine the minimum subscription paid?

a. P8,750 or 87.5 shares

b. P5,000 or 50 shares

c. P6,250 or 62.5 shares

d. P7,500 or 75 shares

Reference no: EM133180749

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