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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please present in good accounting solution. thank you
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education