Other costs related to the sale of delinquent shares costs P 5.000. - Received bids from the following: A- 500 shares; B- 700 shares: C- 1,000 shares - The amount from the highest bidder is collected and certificates of share capital were issued. - The retained earnings balance on December 31.2019 is P 350,000. How much is the total contributed capital as of December 31,2019?
Other costs related to the sale of delinquent shares costs P 5.000. - Received bids from the following: A- 500 shares; B- 700 shares: C- 1,000 shares - The amount from the highest bidder is collected and certificates of share capital were issued. - The retained earnings balance on December 31.2019 is P 350,000. How much is the total contributed capital as of December 31,2019?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 5MC
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