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At the end of the calendar year 200E, the accountant of Bonifacio Corporation submitted the following account balances: 8% Preference Share Capital, P80 par P
At the end of the calendar year 200E, the accountant of Bonifacio Corporation submitted the following account balances: 8% Preference Share Capital, P80 par P 480,000 Ordinary Share Capital, P50 stated value 200,000 Subscribed Ordinary Share Capital 50,000 Ordinary Subscriptions Receivable (no call date) 20,000 Preference Share Premium 18,000 Share Capital in Excess of Stated Value 12,000 Free Retained Earnings 100,000 Restricted Retained Earnings 125,000 Revaluation Surplus 75,000 Preference Dividends Payable 48,000 Ordinary Dividends Payable 19,000 Ordinary Treasury Shares 11,600 1. How much is the total contributed capital? 2. How much is the total shareholders equity
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