12. The accounts were taken from the ledger of Abante Pinoy Corporation as of December 31,2019: 18% Preference Share Capital, par value of P100 authorized 10,000 shares, issued and outstanding 8,000 shares Ordinary Share Capital, no par authorized 25,000 shares stated value of P100, issued 15,000 shares of which 1,000 shares are in P 800,000 1,500,000 the treasury Subscribed Preference Share Capital Subscribed Ordinary Share Capital Subscription Receivable – Preference Share Capital Subscription Receivable - Ordinary Share Capital Preference Share Premium Ordinary Share Premium Donated Capital - Land Treasury Shares (at cost) 1,000 ordinary shares Retained Earnings Appropriation Reserve for Treasury Shares 000'001 000'0s 000'0t 000'07 10,000 000'SI 000'SL 120,000 000'st 120,000 Direction: Prepare in good form the shareholders' equity section of the corporation.
12. The accounts were taken from the ledger of Abante Pinoy Corporation as of December 31,2019: 18% Preference Share Capital, par value of P100 authorized 10,000 shares, issued and outstanding 8,000 shares Ordinary Share Capital, no par authorized 25,000 shares stated value of P100, issued 15,000 shares of which 1,000 shares are in P 800,000 1,500,000 the treasury Subscribed Preference Share Capital Subscribed Ordinary Share Capital Subscription Receivable – Preference Share Capital Subscription Receivable - Ordinary Share Capital Preference Share Premium Ordinary Share Premium Donated Capital - Land Treasury Shares (at cost) 1,000 ordinary shares Retained Earnings Appropriation Reserve for Treasury Shares 000'001 000'0s 000'0t 000'07 10,000 000'SI 000'SL 120,000 000'st 120,000 Direction: Prepare in good form the shareholders' equity section of the corporation.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The accounts were taken from the ledger of Abante Pinoy Corporation as of December 31, 2019.
(see attached image for the values of teh given. Please answer it. Tahnk you so much. Godbless!)
Direction: Prepare in good form the shareholders' equity section of the corporation.
Identify the following answers of the ff:
- Paid in Capital from
Preferred Shares - Paid in Capital from Common Shares
- Total Additional Paid In Capital (APIC)
- Total
Retained Earnings - Total
Stockholder's Equity
Transcribed Image Text:chares put up for paid, P5,500.
14. To with 13, assume the took place during 2020:
One half of were and of
unissued shares, issued and shares, still for
For each class of for the of shares, issued shares,
Remaining were and the corresponding
12. The were taken from the ledger of Pinoy as of December
31,2019:
18% Preference Share Capital, par value of P100 authorized 10,000
shares, issued and outstanding 8,000 shares
Ordinary Share Capital, no par authorized 25,000 shares stated
value of P100, issued 15,000 shares of which 1,000 shares are in
P 800,000
1,500,000
the treasury
Subscribed Preference Share Capital
Subscribed Ordinary Share Capital
Subscription Receivable – Preference Share Capital
Subscription Receivable - Ordinary Share Capital
Preference Share Premium
Ordinary Share Premium
Donated Capital - Land
Treasury Shares (at cost) 1,000 ordinary shares
Retained Earnings
Appropriation Reserve for Treasury Shares
Direction: Prepare in good form the shareholders' equity section of the corporation.
000'001
000 os
40,000
000'0ट
000'01
000'SI
000'0z1
000'st
000'0८।
13. The following accounts appear in the trial balance of DAVAO EAGLE Corporation as of
December 31, 2019:
Redeemable Preference Share Capital, par PI00, authorized 50,000 PI,700,000
shares
Subscribed Preference Share Capital
Subscription Receivable, Preference Shares
Authorized Ordinary Share Capital, P100 stated value
Unissued Ordinary Share Capital
Ordinary Share Premium
Preference Share Premium
Treasury Shares (500 ordinary shares)
200,000
150,000
000'000'I
000'00s
55,000
300,000
oud
000'09
Direction:
subscription, legal capital.
Jan. 10
stock issued for 1,000 shares.
es paid the amount due plus accrued interest of P750
ertificates were issued.
2.000 preferred shares with a market value of P200
A bidder for 30
25
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