Consideration for Stocks

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1. Which is expressly prohibited as consideration for issued shares under section 61? Multiple Choice Easy
2. Which service-based consideration is permitted by section 61? Multiple Choice Easy
3. Stocks may not be issued for consideration below which statutory measure? Multiple Choice Easy
4. A corporation proposes issuing shares today solely for an investor’s promise to provide consulting services next year. … Multiple Choice Medium
5. An investor transfers a useful machine to the corporation for shares. The property is actually received and fairly valu… Multiple Choice Medium
6. Shares with a total par value of P500,000 are proposed to be issued solely for equipment fairly valued at P300,000. The… Multiple Choice Hard
7. A corporation already owes a supplier for completed deliveries. It proposes issuing shares in satisfaction of that prev… Multiple Choice Hard
8. Distinguish services actually rendered from future services as consideration for stocks. Essay Medium
9. State the conditions for property to serve as stock-issuance consideration under section 61. Essay Medium
10. Explain why a promissory note differs from previously incurred corporate indebtedness under section 61. Essay Medium
11. Which intangible may be considered property consideration under Section 61 when its receipt, use, valuation and approva… Multiple Choice Easy
12. Which corporate accounting source is expressly listed in Section 61(e) for issuance of stock? Multiple Choice Easy