Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A. The Shareholder's equity of ACT 182 Corporation at the end of 2018 and 2017 are as follows: 2018 2017 12% Preference shares, P 100

image text in transcribedimage text in transcribed
A. The Shareholder's equity of ACT 182 Corporation at the end of 2018 and 2017 are as follows: 2018 2017 12% Preference shares, P 100 par P 1,000,000 P 600,000 Ordinary share, 20 pars 2,000,000 1,800,000 Share premium- preference 160,000 Share premium- ordinary 800,000 400,000ACT 199/AIS 191 Corp. Shareholder's equity December 31,2018 CONTRIBUTED CAPITAL: Ordinary Share Capital, P 20 par, Authorized P 6,000,000 Less: Unissued 4 300,000 p 1,700,000 Subscribed Ordinary share 100,000 Ordinary Share Premium 40,000 Less: Subscription Receivable - Ordinary* ( 84,000) TOTAL CONTRIBUTED CAPITAL 1,756,000 ACT 199/AIS 191 Corp. Shareholder's equity December 31,2019 CONTRIBUTED CAPITAL: Ordinary Share Capital, P 20 par, Authorized P 6,000,000 Less: Unissued 3,000,000 P 3,000,000 Ordinary Share Premium 300,000 TOTAL CONTRIBUTED CAPITAL 3,300,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Managerial Accounting Concepts

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old

7th edition

978-0077632427, 77632427, 78025656, 978-0078025655

Students also viewed these Accounting questions