How much is the total contributed capital of ABC Corporation? Group of answer choices a. 14,440,000 b. 15,100,000 c. 14,500,000 d. 14,660,000
Below are the accounts shown in the December 31, 2020
Preference shares, P50 par, 100,000 authorized, 40,000 shares issued
Ordinary shares, P100 par, 200,000 authorized, 50,000 shares issued
Subscribed
Subscribed ordinary shares, 20,000 shares
Subscription receivable, preference due March 31, 2021, P180,000
Subscription receivable, ordinary due June 1, 2021, P260,000
Share premium – Ordinary shares, P1,500,000
Share premium – Preference shares, P2,100,000
Share premium from Treasury, P400,000
Donated Capital, P600,000 Ordinary share warrants outstanding, P300,000
Ordinary share options outstanding, P200,000
Revaluation Surplus, P1,500,000
Reserve for plant expansion, P1,200,000
Unrealized Gain on financial asset at FMV through OCI/L, P200,000
How much is the total contributed capital of ABC Corporation?
Group of answer choices
a. 14,440,000
b. 15,100,000
c. 14,500,000
d. 14,660,000
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