The shareholders' equity section of De Guzman Corporation revealed the following information on Dec. 31, 2018: P2,300,000 805,000 Preference Shares, P100 par Share Premium-Preference Ordinary Shares, P15 par Share Premium-Ordinary 5,250,000 2,750,000 50,000 Subscribed Ordinary Shares Retained Earnings 1,900,000 4,000,000 400,000 Notes Payable Subscriptions Receivable-Ordinary Required: How much is the legal capital?

The shareholders' equity section of De Guzman Corporation revealed the following information on Dec. 31, 2018: P2,300,000 805,000 Preference Shares, P100 par Share Premium-Preference Ordinary Shares, P15 par Share Premium-Ordinary 5,250,000 2,750,000 50,000 Subscribed Ordinary Shares Retained Earnings 1,900,000 4,000,000 400,000 Notes Payable Subscriptions Receivable-Ordinary Required: How much is the legal capital?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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