Blue Corporation has 50,000 shares of P10 par ordinary shares authorized. The following transactions took place during 2022, the first year of the corporation’s existence: Sold 5,000 ordinary shares for P18 per share. Issued 5,000 ordinary shares in exchange for a patent valued at P100,000.   At the end of the Blue’s first year, total contributed capital amounted to?

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Q: record all the above journal transactions

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Q: Concord Corporation has 100000 shares of $10 par common stock authorized. The following transactions…

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.