Question
The following data were compiled prior to preparing statement of financial position of the Conviction Corporation: Authorized share capital, P100 par value P 4,000,000 Unissued
The following data were compiled prior to preparing statement of financial position of the Conviction Corporation:
Authorized share capital, P100 par value | P 4,000,000 |
Unissued share capital | 800,000 |
Subscribed share capital | 480,000 |
Subscriptions receivable | `120,000 |
Premium on share capital | 320,000 |
Premium on bonds payable | 240,000 |
Gain on sale of treasury shares | 80,000 |
Donated capital | 800,000 |
Share warrants outstanding | 200,000 |
Reserve for bond sinking fund | 400,000 |
Reserve for depreciation | 600,000 |
Treasury shares, at cost | 144,000 |
Retained earnings, unappropriated | 720,000 |
Cash dividends payable | 160,000 |
Revaluation increment on property | 800,000 |
Net unrealized loss on financial assets at fair value through OCI | 96,000 |
- What is the total share premium? 1,400,000
- What is the total contributed capital? 4,960,000
- What is the total appropriated earnings? 544,000
- What is the total legal capital? 3,680,000
- What is the total shareholders equity? 6,640,000
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