Question
The following are found in the trial balance of M Corporation at December 31, 2021: Authorized ordinary share, P50 par value P3,000,000; Subscription receivable P200,000;
The following are found in the trial balance of M Corporation at December 31, 2021: Authorized ordinary share, P50 par value P3,000,000; Subscription receivable P200,000; Unissued ordinary share P1,000,000; Subscribed ordinary share P500,000; Share premium ordinary P100,000. What is the total contributed capital?
2,600,000 3,000,000
3,600,000
4,600,000
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Cost Accounting
Authors: James A. Cashin, Ralph S. Polimeni, Sheila Handy
3rd Edition
0070110263, 9780070110267
