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Below are the accounts shown in the December 31, 2020 trial balance of ABC Corporation: Preference shares, P50 par, 100,000 authorized, 40,000 shares issued Ordinary shares, P100 par, 200,000 authorized, 50,000 shares issued Subscribed preference share, 20,000 shares Subscribed ordinary shares, 20,000 shares Subscription receivable, preference due March 31, 2021, P180,000 Subscription receivable, ordinary due June 1, 2021, P260,000 Treasury stock, preference, 10,000 shares reacquired at P86 Share premium - Ordinary shares. P1,500,000 Share premium - Preference shares. P2.100,000 Share premium from Treasury, P400,000 Donated Capital. P600,000 Ordinary share warrants outstanding. P300,000 Ordinary share options outstanding. P200,000 Accumulated Profits. P3.100.000 Revaluation Surplus. P1,500,000 Reserve for plant expansion. P1.200.000 Unrealized Gain on financial asset at FMV through OCI/L, P200.000

Below are the accounts shown in the December 31, 2020 trial balance of ABC Corporation: Preference shares, P50 par, 100,000 authorized, 40,000 shares issued Ordinary shares, P100 par, 200,000 authorized, 50,000 shares issued Subscribed preference share, 20,000 shares Subscribed ordinary shares, 20,000 shares Subscription receivable, preference due March 31, 2021, P180,000 Subscription receivable, ordinary due June 1, 2021, P260,000 Treasury stock, preference, 10,000 shares reacquired at P86 Share premium - Ordinary shares. P1,500,000 Share premium - Preference shares. P2.100,000 Share premium from Treasury, P400,000 Donated Capital. P600,000 Ordinary share warrants outstanding. P300,000 Ordinary share options outstanding. P200,000 Accumulated Profits. P3.100.000 Revaluation Surplus. P1,500,000 Reserve for plant expansion. P1.200.000 Unrealized Gain on financial asset at FMV through OCI/L, P200.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Below are the accounts shown in the December 31, 2020 trial balance of ABC Corporation: Preference shares, P50 par, 100,000 authorized, 40,000 shares issued Ordinary shares, P100 par, 200,000 authorized, 50,000 shares issued Subscribed preference share, 20,000 shares Subscribed ordinary shares, 20,000 shares Subscription receivable, preference due March 31, 2021, P180,000 Subscription receivable, ordinary due June 1, 2021, P260,000 Treasury stock, preference, 10,000 shares reacquired at P86 Share premium - Ordinary shares, P1,500,000 Share premium Preference shares, P2.100,000 Share premium from Treasury, P400,000 Donated Capital, P600,000 Ordinary share warrants outstanding. P300,000 Ordinary share options outstanding. P200,000O Accumulated Profits. P3,100.000 Revaluation Surplus. P1,500,000 Reserve for plant expansion, P1.200.000 Unrealized Gain on financial asset at FMV through OCI/L. P200,000
Transcribed Image Text:Below are the accounts shown in the December 31, 2020 trial balance of ABC Corporation: Preference shares, P50 par, 100,000 authorized, 40,000 shares issued Ordinary shares, P100 par, 200,000 authorized, 50,000 shares issued Subscribed preference share, 20,000 shares Subscribed ordinary shares, 20,000 shares Subscription receivable, preference due March 31, 2021, P180,000 Subscription receivable, ordinary due June 1, 2021, P260,000 Treasury stock, preference, 10,000 shares reacquired at P86 Share premium - Ordinary shares, P1,500,000 Share premium Preference shares, P2.100,000 Share premium from Treasury, P400,000 Donated Capital, P600,000 Ordinary share warrants outstanding. P300,000 Ordinary share options outstanding. P200,000O Accumulated Profits. P3,100.000 Revaluation Surplus. P1,500,000 Reserve for plant expansion, P1.200.000 Unrealized Gain on financial asset at FMV through OCI/L. P200,000
How much is the total contributed capital of ABC Corporation? O 14.440,000 O15.100.000 14.660.000 O 14.500.000
Transcribed Image Text:How much is the total contributed capital of ABC Corporation? O 14.440,000 O15.100.000 14.660.000 O 14.500.000
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