GMA Corp. has the following information in its shareholders’ equity: Ordinary Share Capital, ₱100 par value: ₱1,000,000 Subscribed Share Capital – Ordinary: ₱200,000 Subscriptions Receivable – Ordinary: ₱56,000 Share Premium – Ordinary: ₱32,000 Treasury Shares – Ordinary: ₱10,000 Accumulated Profits: ₱150,000 How much is the contributed capital?

GMA Corp. has the following information in its shareholders’ equity: Ordinary Share Capital, ₱100 par value: ₱1,000,000 Subscribed Share Capital – Ordinary: ₱200,000 Subscriptions Receivable – Ordinary: ₱56,000 Share Premium – Ordinary: ₱32,000 Treasury Shares – Ordinary: ₱10,000 Accumulated Profits: ₱150,000 How much is the contributed capital?

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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