A company reported the following information on December 31, 2021: Preference share, P100 par P230,000 Share premium – Preference 80,000 Ordinary share, P15 par 525,000 Share premium – Ordinary 275,000 Subscribed ordinary share 5,000 Retained earnings 190,000 Share dividends distributable 40,000 Subscription receivable - Ordinary 40,000 Determine the total shareholders’ equity.
A company reported the following information on December 31, 2021: Preference share, P100 par P230,000 Share premium – Preference 80,000 Ordinary share, P15 par 525,000 Share premium – Ordinary 275,000 Subscribed ordinary share 5,000 Retained earnings 190,000 Share dividends distributable 40,000 Subscription receivable - Ordinary 40,000 Determine the total shareholders’ equity.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
32.
A company reported the following information on December 31, 2021:
|
|
P230,000 |
|
Share premium – Preference |
80,000 |
|
Ordinary share, P15 par |
525,000 |
|
Share premium – Ordinary |
275,000 |
|
Subscribed ordinary share |
5,000 |
|
|
190,000 |
|
Share dividends distributable |
40,000 |
|
Subscription receivable - Ordinary |
40,000 |
Determine the total shareholders’ equity.
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