Ordinary share par

Calculation of Asset Value to Corporation Preference share par

Cash 45,000 Shares issued:

Accounts Receivable 40,000
Inventory 68,000 Value of equity shares to be issued to each partner. = 720 shar
Property and Equipment 180,600
Total 333,600 Amount to be paid in form of preference shares = 273600-144
Less: liabilities -60,000 Total no. Of preference shares to be issued =259,200÷100
Net Assets 273,600 Total Net Assets

45,000
60,000
90,000
174,000
Post closing 369,000

35,400

Kalaw: (35,400 * 1/3) 11,800

Woo: (35,400 * 2/3) 23,600

Kalaw: (94,800-11,800) 83,000

Woo: (214,200 - 23,600) 190,600

Kalaw: (83,000-7200) 75,800

Woo: (190,600 - 7200) 183,400

Kalaw: (75,800/100 758

Woo: (183,400/100 1,834
2,592
 10
100

Ordinary Shares Preference Shares Total

sued to each partner. = 720 shares × 10 x2 1,440 14,400

preference shares = 273600-14400=259,200

s to be issued =259,200÷100 2,592 259,200
273,600