ABC Company provided the following information on December 31, 2020 Share capital 5,000,000 Subscribed share capital 3,000,000 Subscription receivable 2,000,000 Share premium 1,500,000 Treasury Shares, at cost 700,000 Retained Earnings 1,000,000 Cumulative unrealized gain on Financial Asset at FVOCI 600,000 What is the contributed capital on December 31, 2020?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ABC Company provided the following information on December 31, 2020

Share capital                                                                                         5,000,000
Subscribed share capital 3,000,000
Subscription receivable 2,000,000
Share premium                                                                                     1,500,000
Treasury Shares, at cost                                                                         700,000
Retained Earnings                                                                                 1,000,000
Cumulative unrealized gain on Financial Asset at FVOCI                        600,000

What is the contributed capital on December 31, 2020?

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