After the combination, what is the total shareholders' equity of Parent Company? * The shareholders' equities of Parent and Sub Companies at July 15, 2022 were as follows: Share Capital, P100 par Parent 15,000,000 Sub 8,000,000 Share Premium 2,000,000 4,000,000 Retained Earnings 6,000,000 3,000,000 On July 15, 2022, Parent issued 120,000 of its shares with a market value of P120 per share for the assets and liabilities of Sub, and Sub was dissolved. On the same day, Parent paid P50,000 for professional fees for arranging the combination and P100,000 for SEC registration of equity securities. O 37,250,000 O 37,850,000 O 38,000,000 O 52,250,000

After the combination, what is the total shareholders' equity of Parent Company? * The shareholders' equities of Parent and Sub Companies at July 15, 2022 were as follows: Share Capital, P100 par Parent 15,000,000 Sub 8,000,000 Share Premium 2,000,000 4,000,000 Retained Earnings 6,000,000 3,000,000 On July 15, 2022, Parent issued 120,000 of its shares with a market value of P120 per share for the assets and liabilities of Sub, and Sub was dissolved. On the same day, Parent paid P50,000 for professional fees for arranging the combination and P100,000 for SEC registration of equity securities. O 37,250,000 O 37,850,000 O 38,000,000 O 52,250,000

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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