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BM KID Corporation Shareholders' Equity Subscribed Preference Share Capital, 700 Shares 31-Jan-22 (In Philippine Peso) Paid-in Capital 10% Preference Share Capital, 20,000 authorized, P100 par (1) shares issued, 700 of which are in treasury Ordinary Share Capital, 50,000 shares authorized, no par value but with (3) value, stated P 1,630,000 (2) 0.000 P1,700,000

BM KID Corporation Shareholders' Equity Subscribed Preference Share Capital, 700 Shares 31-Jan-22 (In Philippine Peso) Paid-in Capital 10% Preference Share Capital, 20,000 authorized, P100 par (1) shares issued, 700 of which are in treasury Ordinary Share Capital, 50,000 shares authorized, no par value but with (3) value, stated P 1,630,000 (2) 0.000 P1,700,000

FINANCIAL ACCOUNTING
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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BM KID Corporation Sharenolders' Equity 31-Jan-22 (In Pnilippine Peso) Paid-in Capital 10% Preference Snare Capital, 20,000 authorizea, P100 per (1) snares issued, 700 of wnich are in treasury P1,630,000 (2) Suoscribed Preference Snare Capital, 700 Snares P1,700,000 Ordinary Snare Capital, 50,000 shares authorized, no par value but with (3) stated value, 35,000 shares issued, 300 of which are in treasury 1,750,000 Subscribed Orainary Shares, (4) shares 100,000 1,850,000 Aacitional Paia-in Capital: Preference Snare Premium 340,000 Paid in Capital in excess of Ordinary Share Stated Value 370,000 710,000 Total Paid-in Capital 4,260,000 Accumulated Profits Unepproprieted 1,070,000 (5) Appropriated for Preference Treasury Shares (6) Approprietea for Orainary Treasury Sheres 1,195,000 Total SHE before Treasury Shares 5,455,000 Less Treasury Shares: 700 Preference shares at P125 cost 87,500 300 Ordinary shares at P125 cost 37.500 125,000 Total Shareholders' Equity Tne total Legal Capital is (8) Tne number of preference shares entitled to dividends are (9) Tne number of orainary snares entitled to dividends are (10) 11
Transcribed Image Text:BM KID Corporation Sharenolders' Equity 31-Jan-22 (In Pnilippine Peso) Paid-in Capital 10% Preference Snare Capital, 20,000 authorizea, P100 per (1) snares issued, 700 of wnich are in treasury P1,630,000 (2) Suoscribed Preference Snare Capital, 700 Snares P1,700,000 Ordinary Snare Capital, 50,000 shares authorized, no par value but with (3) stated value, 35,000 shares issued, 300 of which are in treasury 1,750,000 Subscribed Orainary Shares, (4) shares 100,000 1,850,000 Aacitional Paia-in Capital: Preference Snare Premium 340,000 Paid in Capital in excess of Ordinary Share Stated Value 370,000 710,000 Total Paid-in Capital 4,260,000 Accumulated Profits Unepproprieted 1,070,000 (5) Appropriated for Preference Treasury Shares (6) Approprietea for Orainary Treasury Sheres 1,195,000 Total SHE before Treasury Shares 5,455,000 Less Treasury Shares: 700 Preference shares at P125 cost 87,500 300 Ordinary shares at P125 cost 37.500 125,000 Total Shareholders' Equity Tne total Legal Capital is (8) Tne number of preference shares entitled to dividends are (9) Tne number of orainary snares entitled to dividends are (10) 11
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