question archive Merry Corporation was authorized to issue 90,000 shares of P 18 par value preference shares and 80,000 P 12 par value ordinary shares
Merry Corporation was authorized to issue 90,000 shares of P 18 par value preference shares and 80,000 P 12 par value ordinary shares
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Merry Corporation was authorized to issue 90,000 shares of P 18 par value preference shares and 80,000 P 12 par value ordinary shares. Fifty percent of preference shares were subscribed and 25% of which were paid. A total of 50,000 ordinary shares were subscribed at par, 30% down payment was received. Fifty percent of preference shares were subscribed and 25% of which were paid. How much down payment was received from the preference shareholders?
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