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?
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?
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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?
Definition Definition Remaining net income of the company after the required dividends are paid to shareholders. This surplus money is usually invested back into the business to expand its business operations or launch a new product.
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