After the combination, what is the total stockholders' equity of Parent Corporation? * A The stockholder's equities of Parent Corporation and Subsidiary Corporation at July 1, 2020 were as follows: Subsidiary 800,000 400,000 300,000 Рarent | Capital Stock, P100 par Additional paid in capital |Retained Earnings 1,500,000 200,000 600,000 On July 2, 2020, Parent issued 15,000 of its shares with a market value of P120 per share for the assets and liabilities of Subsidiary, and Subsidiary was dissolved. On the same day, Parent paid P5,000 for indirect cost d RIO 000 for SE C regicteation ofequity cacuritie
After the combination, what is the total stockholders' equity of Parent Corporation? * A The stockholder's equities of Parent Corporation and Subsidiary Corporation at July 1, 2020 were as follows: Subsidiary 800,000 400,000 300,000 Рarent | Capital Stock, P100 par Additional paid in capital |Retained Earnings 1,500,000 200,000 600,000 On July 2, 2020, Parent issued 15,000 of its shares with a market value of P120 per share for the assets and liabilities of Subsidiary, and Subsidiary was dissolved. On the same day, Parent paid P5,000 for indirect cost d RIO 000 for SE C regicteation ofequity cacuritie
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:After the combination, what is the total stockholders' equity of Parent Corporation? * .
The stockholder's equities of Parent Corporation and Subsidiary Corporation at July 1, 2020 were as follows:
Subsidiary
800,000
400,000
300,000
Parent
Capital Stock, P100 par
Additional paid in capital
Retained Earnings
1,500,000
200,000
600,000
On July 2, 2020, Parent issued 15,000 of its shares with a market value of P120 per share for the assets and
liabilities of Subsidiary, and Subsidiary was dissolved. On the same day, Parent paid P5,000 for indirect cost
and P10,000 for SEC registration of equity securities.
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