c. P8,1 d. P9,181,600 33. The shareholders' equities of Isaac Corporation and Esau Company at July 1, 2022 were as follows: Share capital, P100 par Share premium (APIC) Retained earnings Isaac P15,000,000 2,000,000 6,000,000 Esau P8,000,000 4,000,000 3,000,000 On July 2, 2022, Isaac issued 120,000 of its shares with a market value of P120 per share for the assets and liabilities of Esau, and Esau was dissolved. On the same day, Isaac paid P50,000 for professional fees for arranging the combination and P 100,000 for SEC registration of equity securities. MBINATION After the combination, what is the total shareholders' equity of Isaac Corporation? 2. P38,000,000 b. P37,850,000 P37,250,000 C. d. P52,250,000
c. P8,1 d. P9,181,600 33. The shareholders' equities of Isaac Corporation and Esau Company at July 1, 2022 were as follows: Share capital, P100 par Share premium (APIC) Retained earnings Isaac P15,000,000 2,000,000 6,000,000 Esau P8,000,000 4,000,000 3,000,000 On July 2, 2022, Isaac issued 120,000 of its shares with a market value of P120 per share for the assets and liabilities of Esau, and Esau was dissolved. On the same day, Isaac paid P50,000 for professional fees for arranging the combination and P 100,000 for SEC registration of equity securities. MBINATION After the combination, what is the total shareholders' equity of Isaac Corporation? 2. P38,000,000 b. P37,850,000 P37,250,000 C. d. P52,250,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
BUSINESS COMBINATION
Answer it with solution:
Transcribed Image Text:c. P8,1
d. P9,181,600
33. The shareholders' equities of Isaac Corporation and Esau Company at
July 1, 2022 were as follows:
Share capital, P100 par
Share premium (APIC)
Retained earnings
Isaac
P15,000,000
2,000,000
6,000,000
Esau
P8,000,000
4,000,000
3,000,000
On July 2, 2022, Isaac issued 120,000 of its shares with a market value
of P120 per share for the assets and liabilities of Esau, and Esau was
dissolved. On the same day, Isaac paid P50,000 for professional fees for
arranging the combination and P 100,000 for SEC registration of equity
securities.
Transcribed Image Text:MBINATION
After the combination, what is the total shareholders' equity of Isaac
Corporation?
2. P38,000,000
b. P37,850,000
P37,250,000
C.
d. P52,250,000
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