3. INDIGO Corporation provided the following shareholders' equity accounts What is the amount of legal capital? * Ordinary share capital, P15 par Share premium – ordinary shares Preference share capital, P100 no par Share premium - preference shares Subscribed ordinary share capital Subscriptions receivable – ordinary shares, collectible currently Retained earnings Revaluation surplus B 8,725,000 4,875,000 1,462,500 3,200,000 256,000 650,000 210,500 2,350,000 420,000 P8,981,000 P 10,443,500 B 10,233,000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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3. INDIGO Corporation provided the following shareholders' equity accounts.
What is the amount of legal capital?*
P 4,875,000
1,462,500
Ordinary share capital, P15 par
Share premium – ordinary shares
Preference share capital, P100 no par
Share premium – preference shares
Subscribed ordinary share capital
Subscriptions receivable – ordinary shares, collectible currently
3,200,000
256,000
650,000
210,500
Retained earnings
Revaluation surplus
B 8,725,000
2,350,000
420,000
98,981,000
P 10,443,500
P 10,233,000
Transcribed Image Text:3. INDIGO Corporation provided the following shareholders' equity accounts. What is the amount of legal capital?* P 4,875,000 1,462,500 Ordinary share capital, P15 par Share premium – ordinary shares Preference share capital, P100 no par Share premium – preference shares Subscribed ordinary share capital Subscriptions receivable – ordinary shares, collectible currently 3,200,000 256,000 650,000 210,500 Retained earnings Revaluation surplus B 8,725,000 2,350,000 420,000 98,981,000 P 10,443,500 P 10,233,000
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