BioNTech's total shareholders' equity was P900,000 before recording the following share transactions: • Received cash subscriptions for 10,000 shares with par value of P1 at P14 per share. Share issuance costs amounted to P2,000. • Received subscriptions for 20,000 shares at P20 per share. Twenty-five percent down payment was collected on subscription date. • Collected the remaining unpaid subscription price of 15,000 subscribed shares and issued the related share certificates. Share issuance costs amounted to P3,000. How much is the balance of BioNTech's total shareholders' equity after recording the transactions above? Select the correct response: 1,360,000 1,510,000 1,490,000 O 1,610,000

BioNTech's total shareholders' equity was P900,000 before recording the following share transactions: • Received cash subscriptions for 10,000 shares with par value of P1 at P14 per share. Share issuance costs amounted to P2,000. • Received subscriptions for 20,000 shares at P20 per share. Twenty-five percent down payment was collected on subscription date. • Collected the remaining unpaid subscription price of 15,000 subscribed shares and issued the related share certificates. Share issuance costs amounted to P3,000. How much is the balance of BioNTech's total shareholders' equity after recording the transactions above? Select the correct response: 1,360,000 1,510,000 1,490,000 O 1,610,000

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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