ABC Corporation has outstanding 10,000 shares of 10% Preference Share Capital with a par value of P100 and 42,500 shares of P10 par value Ordinary Share Capital. At the end of the fiscal year 2020, the Retained Earnings account showed a balance of P1,650,000. If XYZ Corp. purchases 1,200 shares of its own Ordinary Share Capital at P40 per share, how much is the unrestricted Retained Earnings?
ABC Corporation has outstanding 10,000 shares of 10% Preference Share Capital with a par value of P100 and 42,500 shares of P10 par value Ordinary Share Capital. At the end of the fiscal year 2020, the Retained Earnings account showed a balance of P1,650,000. If XYZ Corp. purchases 1,200 shares of its own Ordinary Share Capital at P40 per share, how much is the unrestricted Retained Earnings?
ABC Corporation has outstanding 10,000 shares of 10% Preference Share Capital with a par value of P100 and 42,500 shares of P10 par value Ordinary Share Capital. At the end of the fiscal year 2020, the Retained Earnings account showed a balance of P1,650,000. If XYZ Corp. purchases 1,200 shares of its own Ordinary Share Capital at P40 per share, how much is the unrestricted Retained Earnings?
ABC Corporation has outstanding 10,000 shares of 10% Preference Share Capital with a par value of P100 and 42,500 shares of P10 par value Ordinary Share Capital. At the end of the fiscal year 2020, the Retained Earnings account showed a balance of P1,650,000. If XYZ Corp. purchases 1,200 shares of its own Ordinary Share Capital at P40 per share, how much is the unrestricted Retained Earnings?
Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.
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