Below are the accounts shown in the December 31, 2020 trial balance of 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 How much is the total contributed capital of ABC Corporation? 14,500,000 14,660,000 14,440,000 15,100,000
Below are the accounts shown in the December 31, 2020
Preference shares, P50 par, 100,000 authorized, 40,000 shares issued
Ordinary shares, P100 par, 200,000 authorized, 50,000 shares issued
Subscribed
Subscribed ordinary shares, 20,000 shares
Subscription receivable, preference due March 31, 2021, P180,000
Subscription receivable, ordinary due June 1, 2021, P260,000
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
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?
14,500,000
14,660,000
14,440,000
15,100,000
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