Question
The following data were compiled prior to preparing the balance sheet of the Conviction Corporation . Authorized share capital, P100 par value P4,000,000 Cash dividends
The following data were compiled prior to preparing the
balance sheet of the
Conviction Corporation
.
Authorized share capital, P100 par value
P4,000,000
Cash dividends payable
160,000
Donated capital
800,000
Gain on sale of treasury shares
80,000
Net unrealized loss on available for sale
securities
96,000
Premium on share capital
320,000
Premium on bonds payable
240,000
Reserve for bond sinking fund
400,000
Reserve for depreciation
600,000
Revaluation increment on property
800,000
Retained earnings, unappropriated
720,000
Subscribe share capital
480,000
Subscriptions receivables
120,000
Share warrants outstanding
200,000
Treasury shares, at cost
144,000
Unissued share capital
800,000
REQUIRED:
Compute for the following:
1.Total share premium
2.Contributed capital
3.Appropriated retained earnings
4.Total shareholders' equity
5.Legal capital
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
