Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On December 31, 200E, the following accounts appear in the general ledger of Aguinaldo Inc.: Ordinary Share Capital, P50 par P 3,750,000 Subscribed Ordinary Share
On December 31, 200E, the following accounts appear in the general ledger of Aguinaldo Inc.: Ordinary Share Capital, P50 par P 3,750,000 Subscribed Ordinary Share Capital 500,000 Ordinary Subscriptions Receivable 120,000 Ordinary Share Premium 450,000 Unappropriated Retained Earnings 275,000 Appropriated for Treasury Shares 300,000 Ordinary Treasury Shares (P60 per share) 300,000 1. How many shares were issued? 2. How many shares were outstanding? 3. How much is the total shareholders equity if the subscriptions receivable is collectible within one year
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started