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CFAS Company shows the following information on Its December 31, 2022 equity items! Authorized share capital P10,000,000 Unissued share capital 6,500,000 Subscribed share capital 1,000,000
CFAS Company shows the following information on Its December 31, 2022 equity items! Authorized share capital P10,000,000 Unissued share capital 6,500,000 Subscribed share capital 1,000,000 Subscription receivable 450,000 Share premium 900,000 Retained earnings 820,000 Pront for the year 350,000 Treasury shares, at cost 200,000 The balance in the retained earnings represent the final balance at year-end after the closing entries were made. What total amount should be reported by CFAS Company as shareholders' equity (Ignore any tax considerations)
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