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Accounting records of Arabica Company showed the following items as of December 31: Current Assets 9700,000.00 Current Liabilities 300,000.00 Noncurrent Assets 2,500,000.00 Noncurrent Liabilities 1,500,000.00 Outstanding ordinary shares, January 1 350,000 Outstanding ordinary shares, January 31 450,000 In July 1, Arabica company issued additional 100,000 shares to fund its investment. How much is the book value P1400000.00|

Accounting records of Arabica Company showed the following items as of December 31: Current Assets 9700,000.00 Current Liabilities 300,000.00 Noncurrent Assets 2,500,000.00 Noncurrent Liabilities 1,500,000.00 Outstanding ordinary shares, January 1 350,000 Outstanding ordinary shares, January 31 450,000 In July 1, Arabica company issued additional 100,000 shares to fund its investment. How much is the book value P1400000.00|

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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how much is the book value?

Accounting records of Arabica Company showed the following items as of December 31: Current Assets P700,000.00 Current Liabilities 300,000.00 Noncurrent Assets 2,500,000.00 Noncurrent Liabilities 1,500,000.00 Outstanding ordinary shares, January 1 350,000 Outstanding ordinary shares, January 31 450,000 In July 1, Arabica company issued additional 100,000 shares to fund its investment. How much is the book value P1400000.00
Transcribed Image Text:Accounting records of Arabica Company showed the following items as of December 31: Current Assets P700,000.00 Current Liabilities 300,000.00 Noncurrent Assets 2,500,000.00 Noncurrent Liabilities 1,500,000.00 Outstanding ordinary shares, January 1 350,000 Outstanding ordinary shares, January 31 450,000 In July 1, Arabica company issued additional 100,000 shares to fund its investment. How much is the book value P1400000.00
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