24. How much is the Legal Capital? 25.By how much is the total contributed capital?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The stockholders’ equity section of Vernie Corp. revealed the following information on December 31, 2016:
Preference shares, P 100 par .....................................................P 2,300,000
Share premium- preference shares .......................................... 805,000
Ordinary Shares – ordinary shares ........................................... 5,250,000
Share premium – ordinary shares ............................................ 2,750,000
Subscribed Ordinary shares ...................................................... 50,000
Retained Earnings ...................................................................... 1,900,000
Notes Payable ............................................................................. 4,000,000
Subscription Receivable-Ordinary Shares ............................... 40,000

24. How much is the Legal Capital?


25.By how much is the total contributed capital?
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